---
title: LASH Risk and Interest Rates
url: https://www.ml-quant.com/papers/repec/cpr-ceprdp-20158/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:cpr:ceprdp:20158
source_url: https://econpapers.repec.org/RePEc:cpr:ceprdp:20158
featured: 2026-09-25
citations: unknown
topic: Risk, Credit & Banking
---


# LASH Risk and Interest Rates

The study measures liquidity risk from solvency hedging in sterling repo and swaps, finding that pre-crisis LASH risk predicted pension fund bond sales during the 2022 UK market stress.

- Source: https://econpapers.repec.org/RePEc:cpr:ceprdp:20158
- Identifier: RePEc:cpr:ceprdp:20158
- Released: 2026-09-18
- First featured: Quant Letter No. 132 (2026-09-25): https://www.ml-quant.com/issues/2026-09-25/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Risk, Credit & Banking
- Authors: Alfaro, Laura, Bahaj, Saleem, Czech, Robert, Hazell, Jonathon, Neamtu, Ioana

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