Michael Watt
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Articles by Michael Watt
Credit Risk 2011: Basel III overreaching into macro-prudential policy, say panellists
Basel III counter-cyclical buffer a misguided, macroeconomic tool, say industry figures
Mervyn King lands three BIS roles; new BCBS chair named
Bank of England governor will chair the Basel Committee's oversight body. The committee itself will be chaired by Stefan Ingves, governor of Sweden's central bank
FSA's Turner: RWA divergence would undermine Basel III
FSA chair highlights growing concern about foundation of risk-based regulatory capital system
Europe lax on RWA calculations, says Bair
FDIC chairman warns of international divergences on risk-weighted assets
Largest Sifis should hold capital surcharge of at least 3%, says FDIC’s Bair
FDIC chairman Sheila Bair rejects argument by some bankers that a Sifi surcharge is not necessary
Basel Committee continues to reject equity for the LCR
Equities do not have the necessary characteristics to be included in the liquidity coverage ratio, says general secretary Stefan Walter – but some banks disagree
Industry supports risk-adjusted bonuses for risk managers, according to Risk.net poll
Sixty-five per cent of respondents support separate pay structure for risk managers
Andrés Portilla promoted at IIF
Portilla becomes director of regulatory affairs at IIF, while David Schraa is promoted to regulatory counsel
EU support for naked CDS sets up collision with Parliament
Draft text would allow uncovered CDS but sketches out new reporting regime that could spook hedge funds
Renaissance Capital hires new equity derivatives head
Leonard Ellis to lead firm’s effort in US equity derivatives market
Resolution regimes could cause bank CDS spreads to tighten
Credit analysts predict drop in credit default swap spreads under new bank resolution regimes
CIBC appoints wholesale banking co-heads
Canadian bank names Geoff Belsher and Harry Culham as wholesale banking co-heads
Standard & Poor's changes US outlook to negative
Ratings agency cites growing deficit and debt as rationale behind the change
Isda AGM: 2011 Margin Survey shows decrease in collateral agreements
Survey released today in Prague also shows increases in portfolio reconciliation
Isda AGM: Morgan Stanley's O'Connor takes chairman's role
Stephen O'Connor to succeed Eraj Shirvani as chairman of International Swaps and Derivatives Association
ICB report could spell trouble for investment bank funding
Experts say fencing off retail deposits would leave investment banks struggling to meet key Basel III liquidity ratio
Leave liquidity rules out of Basel III legislation, says EBF
Industry group fears European Union legislative process will set LCR and NSFR flaws in stone