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Industry calls for 12-fold hike in margin threshold
Request to regulators would permanently exempt almost 1,000 firms from non-cleared margin rules
Banks will not use NSFR to judge funding risk
Calibration of ratio looks “somewhat insane” when applied to real world, conference hears
Banks to ask EC for delay of benchmarks rule
New ECB rate may appear only months before rules bar use of Eonia and Euribor
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Risk Quantum
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Risk Quantum finds insights in data. The service tracks the public disclosures of over 120 banks, funds, insurers, corporates, and central counterparties – as well as reports from prudential and markets regulators – in Asia, Europe and North America.
Editors' choice
Lehman’s ghost: how three CCPs anchor models to crash
The Lehman crash still haunts the margin models of LCH, CME and Eurex, albeit in different ways
Big Figure
What’s in a speech?
A speech by the head of a key US regulator is believed to be one of the main drivers of a near halving of the basis between yen interest rate swaps cleared at LCH and the Japan Securities Clearing Corporation. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission, gave a speech in London on September 4 where for the first time he suggested US clients would be able to clear swaps on non-US central counterparties that aren’t fully registered with the regulator but have “comparable, comprehensive supervision and regulation”. JSCC is thought to fall into this category.
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7 days in 60 seconds
CCPs, handling default, and cyber risk
The week on Risk.net, September 15–21, 2018
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