Michael Watt
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Articles by Michael Watt
Bail-in regimes will reduce demand for bank debt - Risk.net poll
Over three-quarters of poll respondents believe new resolution plans will hurt market for bank bonds - at a time when issuance needs to increase
Regulatory differences could be behind RWA inconsistency, report suggests
Initial findings of a review led by the European Banking Federation suggests differences in regulatory regimes could be behind a divergence in RWA numbers
Basel 2.5 caused €200 billion jump in RWAs
European banks saw their RWAs leap at the turn of the year, as new trading book rules collided with the EBA's call to achieve a 9% capital minimum
Risk Annual Summit: Loan and bond markets will suffer under Basel III, say panellists
Supervisors should embrace new form of securitisation to encourage bank lending, argues Ernst & Young’s Patricia Jackson
Bänziger steps down as Deutsche Bank CRO
Stuart Lewis to take chief risk officer role as Deutsche Bank announces management reshuffle
ECB compromise on Basel III adjustments gets mixed response
An ECB proposal for the European Systemic Risk Board to have oversight on whether European regulators can adjust Basel III for macro-prudential purposes gets a mixed response from central bankers
South African banks will struggle with CCP default fund requirements, say participants
Default fund contributions will be too onerous for South African banks, say conference participants
South African banks push for central bank liquidity facility to help LCR compliance
A central bank liquidity facility is a possible solution to the shortage of liquid assets, says a Banking Association South Africa speaker at Risk and Return 2012 in Cape Town
RWA probe could cut modelling flexibility, says new Basel chief
A stricter approach to the modelling of bank capital is "high likely", as a result of concerns that risk-weighted asset numbers are too divergent
Greek bailout deal fails to dent CDS spreads
Sovereign spreads flat or wider despite agreement on fresh bailout for Greece
CDS market holds breath as Greek bail-out talks continue
Spreads are static and volumes light as EU finance ministers and the Greek government try to reach agreement over bail-out terms
HSBC appoints new head of European credit trading
Asif Godall to replace Paul Gooding, who will lead HSBC’s offshore RMB venture in London
Banks want derivatives collateral included in LCR
Received collateral is currently counted towards the liquidity reserve at some large banks, but should not be included in the LCR, say sceptics, who argue the assets can't be relied upon
UK should veto financial transaction tax, say Risk.net readers
An overwhelming majority of Risk.net readers says David Cameron must protect the City and veto the FTT
OCC: equity derivatives to get a cross-margin service
OCC: equity derivatives to get a cross-margin service
New Prime Finance panel could tackle debt crisis disputes
An arbitration panel set up to tackle derivatives disputes could also tackle eurozone debt crisis issues, says Jeffrey Golden, architect of the Isda master agreement
Basel Committee considers use of credit ratings in LCR shake-up
The scrapping of the level 1 and level 2 distinction for liquid assets is also discussed as the committee reviews the liquidity coverage ratio
Nomura names Ashley as global head of fixed income
Steve Ashley has been promoted to global head of fixed income at Nomura, with Georges Assi as his deputy