Opinion/Regulation
The spirit is willing, but the drafting is weak
Asking firms to operate in the spirit of the law will not solve Mifid trading venue confusion
Brexit and financial regulation: a delicate negotiation
The UK needs access, the EU needs regulatory data, but a mutually beneficial deal could be elusive
Thirty years of Risk magazine
Special features will look at the future of bank technology, quantitative research, risk transfer and regulation
Margin model keeps testing the limits of industry co-operation
Simm supporters say it is a work in progress, but more participants may slow that progress
Regulators struggle to conjure the right leverage ratio
Too low, and it has no effect; too high, and liquidity suffers. Time for flexibility?
Can the AMA be reborn?
Regulators could rescue op risk modelling through Pillar 2, writes former supervisor
FRTB: a work in progress
Banks cannot wait for clarification but must forge ahead
Cat bonds can help combat the systemic risks of CCPs
Bonds could pre-fund CCP default funds and higher margins during market stress, authors argue
Brexit lessons on handling redemption runs
July experience shows fund suspensions can be used without spillover effects
Eurozone must lead search for doom-loop fix
Basel Committee working on sovereign risk, but eurozone has most at stake
Not so fast, François: EU clearing land grab is complex
ECB cannot (yet) make post-Brexit demand for euro clearing to leave London
The beginning of the end for footloose modelling
US model risk guidance has drawbacks, but is a step towards better management of model risk
Regulators must scrap T+1 timezone tax
Settlement cycles for non-cleared margin rules must be extended
Basel Committee’s CVA shocker ignores trade-offs
Ditching own models for CVA risk is too binary and eliminates possibility of further dialogue
CCAR as a powerful business and risk management tool
Firms should use stress testing to challenge assumptions
Trust in clusters: a new approach to stress testing
Search for plausible stress scenarios leads Natixis risk managers in a new direction
Basel plans would weaken leverage ratio
Adoption of 'risk-sensitive' SA-CCR will allow more leverage, argues FDIC vice-chair
Crying wolf on CVA?
Standardised approach will hit corporates – but it's not clear that capital will jump
Why raiding CCPs’ initial margin would be bad policy
A wounded CCP should not have a claim on users’ assets, says hedge fund group
CCPs must be able to haircut initial margin in a crisis
Initial margin is the best source of liquidity for CCPs in a crisis, argues Irish central banker
The limits of the leverage ratio
Data from 30 European banks shows even 6% ratio would miss regulators’ stability target
Bank of England and Vickers clash on capital rules
ICB and BoE proposals are actually not all that different
Why Isins are not fit-for-purpose OTC derivatives identifiers
SocGen’s Bill Stenning says draft Mifid II regulatory technical standards should be amended
The case for levying an Eiopa 'tax'
Chair is hopeful European Commission may address structural problem of funding regulator