Regulatory agenda shifting to systemic risk of herding
Industry and regulators at loggerheads over pro-cyclicality
“You can imagine a world where you don’t need clearing houses,” says senior banker
This paper offers a promising new avenue of investigation into how information on firms’ interconnectivity can improve existing credit models.
The issue’s first paper looks at methodologies to measure spillover risks in European sovereign bond markets in the period 2004-15. Our second paper investigates European bond markets. Our final paper in this issue offers a promising new avenue of investigation...
The authors investigate interoperability from the perspective of the multilateral netting property of central clearing.
This paper shows that it is an "inconvenient truth" that the largest losses by banks are not firm specific.
Latest review identifies two ‘medium-level systemic risks’ to eurozone
This paper proposes two methods for attributing the risk of a portfolio or system to its components.
Institutions designated as O-Siis will be expected to produce resolution plans
The issue features three papers covering topics related to financial stability, group lending and financial markets stress.
Outsourcing and concentration could create inadvertent keystone companies
Network-based measures as leading indicators of market instability: the case of the Spanish stock market
This paper identifies links between time series data of stock returns for the purpose of understanding the structure of the market and for identifying early-warning signals of forthcoming market stress.
This paper systematically reviews the theoretical literature on interbank networks.
Directive will herd insurers into 'safe' investments that turn out to be risky, says writer and academic
New boss at consultant, John Claisse, to focus on liquid alts research
Industry and regulators clash during discussion of tightened commodity rules
Providers fear new data requirements may herald future enforcement actions and regulation
A scaling methodology to include external data in operational risk calculation is introduced
Supervisors are “miles” from being able to monitor shadow banking risks, says financial stability head.
Regulators may never be able to fully monitor risks created by shadow banking