Banks
Final FRTB is a game of give-and-take, say dealers
Relaxation in some areas of Basel market risk rules offset by harsher treatment in others
Operational risk: what do the regulators expect?
Being able to demonstrate good practice in areas such as risk reporting, governance and culture is critical for firms seeking to reassure regulators about their operational risk management. Ariane Chapelle offers some advice on how to avoid unnecessary…
Speed of response a good proxy for risk culture – FCA director
Good risk culture makes firms more responsive and can help avoid nasty fines, says UK regulator’s head of enforcement
Adios AMA: Basel proposal to bin op risk models worries banks
In December, the Basel Committee says it will propose scrapping the use of banks' internal models in calculating minimum capital for operational risk. Banks worry that such a move would discourage investment in op risk modelling and make the world a…
Best financial crime product: Swift
Operational Risk Awards 2015: Swift offers firms assistance in avoiding entities and individuals hit by sanctions
Best managed/support services provider: Thomson Reuters Org ID
Operational Risk Awards 2015: Thomson Reuters' Org ID managed service eases increasing burden of know-your-customer regulations
Paper of the year: JD Opdyke
Operational Risk Awards 2015: New technique may help limit errors in AMA capital estimates
Bank business models changing due to Basel III, says EY
Half of G-Sifis face demands to change business mix or deleverage, survey finds
Softer rules on clearing margin may not cut end-users’ costs
The buy side says inconsistency in how brokers pass on leverage ratio costs, increased market concentration and other factors would keep their clearing costs high
The Clearing House takes aim at CCP risk governance
Banks call for audit trails and a beefed-up role for risk committees
Bank of Italy chief sees legal risk in senior bonds bail-in
Italian banks should be transparent about the bail-in of senior bonds when they sell them to retail customers, Ignazio Visco says
Q&A: Visco of Bank of Italy on bank reforms and supervision
The EU’s planned isolation of proprietary trading would complement the region’s bank resolution regime, rather than lead to over-regulation, the governor of Italy’s central bank says in an exclusive interview
Riskology: hedge funds and banks can learn from each other
The differing roles of risk management at banks and hedge funds are not incompatible
Is the financialisation of commodities being reversed?
In the past 30 years, a process of financialisation has drastically reshaped the energy and commodity sector. Now, it appears the level of diminishing marginal returns has been reached and that process is shifting into reverse, says energy market veteran…
HSBC admits to misgivings over ring-fence amid cost complaints
HSBC chairman Jonathan Symonds tells a UK parliamentary committee that implementing the measure will cost £1.5 billion and distract the bank from improving its culture
Niche services growing in forex prime brokerage – RBS
In the wake of the Swiss franc storm, niche players have the advantage, says RBS's head of forex prime brokerage services
EBA: banks must fill resolution fund but support can fluctuate
The European Commission could allow some variation in banks’ contributions to the Single Resolution Fund to avoid pro-cyclicality, but reaching the fund’s target level is "the first priority", the EBA says
Newcomer of the year: Huntington Bank
Huntington Bank’s newly fledged commodity hedging desk has flourished amid the retreat of larger dealers
Derivatives house of the year: Citi
Bank wins with help of book purchases and willingness to take on trickier trades
Prime of primes reduce reliance on prime brokers
PoPs have sensed an opportunity to cut costs by boosting capital and trading directly with banks
Market-makers tweak algorithms post-SNB move
Liquidity providers have been seeking ways to improve their electronic price formation since the Swiss franc event in January
Repo market coping with liquidity regulation for now – bankers
Participants at Euroclear’s Collateral Conference say repo markets have delivered new efficiency gains to keep collateral supply up, but the outlook over the coming year looks less certain
Nonmaturity deposits and banks’ exposure to interest rate risk: issues arising from the Basel regulatory framework
The authors of this paper address the shortcomings of a major assumption in the Basel accords regarding interest-risk exposure and propose two models to incorporate optionality features that are often ignored.
Highlights from Energy Risk Summit USA 2015
Exclusive coverage of the flagship congress for senior energy risk managers and traders