Isda AGM: Deadline for global uncleared margin proposals likely to be met, says panellist

A roll of euros in a padlock

Global regulators are likely to meet a June deadline to draw up a consultation paper on margin requirements for uncleared swaps, according to Sean Campbell, deputy associate director, division of research and statistics, at the board of governors of the Federal Reserve System.

US prudential regulators were the first to propose initial and variation margin requirements for uncleared swaps in April 2011 – a proposal that US banks claimed would put them at a competitive disadvantage overseas

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

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