Articles by Michael Watt
Risk South Africa Rankings 2012
Regulation frustration
JP Morgan and the CRM: How Basel 2.5 beached the London Whale
It’s the untold story of JP Morgan’s credit trading losses – how traders were able to reduce risk-weighted assets while loading up on risk, and the part played by Basel 2.5. Michael Watt reports
Into Africa: Building a sub-Saharan OTC market
Building a sub-Saharan OTC market
ALM Europe: Basel right to rein in capital models, says EIB exec
Regulators should be more intuitive in their approach to capital levels, EIB treasury risk head tells conference
ALM Europe: Banks could issue more sub debt to cut bail-in risk, says BoI capital head
Banks could issue more subordinated debt to protect senior creditors from the threat of a bail-in – in theory. But Bank of Ireland capital head says the market is too thin
ALM Europe: ‘Economic case’ for Basel III delay, says SG economist
Sequencing of the reforms is wrong, Société Générale's chief European economist tells conference
Proposed intraday liquidity reports ‘not feasible’, banks say
Basel Committee's proposed new reports on daily liquidity needs would involve "thousands upon thousands" of data points, according to critics
Dealers seek clearing exemption for new TriOptima service
TriOptima’s new risk mitigation system, triBalance, is a big hit among dealers – but it faces a regulatory death sentence
Acclaimed new TriOptima service may not have a future
In the balance?
Central banks working on liquidity support for CCPs, says BoE’s Tucker
International regulators and central banks trying to avoid "nightmare" of fragmented clearing system
Risk 25: Banks prepare for a low-RWA future
Weight loss: preparing for a low-RWA future
Italy downgrade triggers inflation bond sell-off
Moody's downgrade forces Italian linkers out of index
Prices diverge as CVA exemption remains in limbo
Dealers face pricing headache as they wait to see whether Europe's version of Basel III will exempt corporate customers from the CVA capital charge
Swedish banks braced for home loan capital hike
A weighty issue
Eurozone scenarios: political analysts give their views
Unknown quantities
Eurozone risk management gets political
Getting political
Dodd-Frank in danger
Dodd-Frank: a tough nut to crack
Nera: How the banking backlash began
Banking backlash
OCC faces VAR vetting questions over JP Morgan loss
US regulator is responsible for signing off models used for regulatory capital purposes
Dealers pitch loan format for swaps as CVA dodge
Banks are offering to replicate the economics of OTC swaps in loan format - avoiding new capital and clearing rules
Basel III blamed for aircraft financing drought
Aircraft industry struggling to obtain long-term financing – and some industry officials say Basel III is at least partly to blame
Basel III takes a bite out of aircraft and shipping finance
On the scrapheap
Fears over China slowdown hit commodities hedging
Undermining commodities hedging
Different preferences create divided implementation of Basel III
A matter of taste