Stephen Laughton | Rates Trading Expert Witness | SEDA Experts

Dr. Laughton most recently held a number of roles at Commerzbank in London, focused on risk and financial resources from within the front office. He led teams pricing and managing portfolio valuation adjustments, credit, capital and funding risks (together known as ‘XVAs’); conducting front-office regulatory controls and reporting; steering use of financial resources such as balance-sheet and capital; and conducting first line of defence risk processes including liaison with the second line of defence. He also led projects on topics including the impact of Brexit on derivative market structure, and mitigation of the impact of negative interest rates.

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Prior to this Dr Laughton spent eight years at the Royal Bank of Scotland helping to build their Emerging Markets trading business including integration of ABN AMRO’s extensive onshore operations with various roles across trading, structuring, and second line of defence risk management. After strategic business change, this employment concluded with a spell unwinding, restructuring, and disposing of parts of the fixed income business which had been deemed non-core.

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Earlier in his career, Stephen ran the interest rate structured products business at ABN AMRO, first across Asia, later globally, including a spell managing the quant team. This came after transitioning from flow-trading roles as an interest rate options trader, and initially as a Gilts trader within Salomon Brothers’ market leading European government bond franchise.