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Clearing members in cash clash with Apac CCPs
Banks and clearing houses wrangle over who should pay for losses on invested collateral
TD Bank’s US unit incurred eight VAR breaches in 2019
Number of backtesting exceptions pushed the bank’s VAR capital multiplier to 3.75
BNY Mellon nabs Hallinan for enterprise risk role
Hiring of former Credit Suisse op risk head follows last year’s appointment of Senthil Kumar as CRO
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Risk Quantum
Data insights, delivered daily
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
Morgan Stanley FX loss leaves ill-feeling, questions in wake
Options traders saw odd quotes by US bank months before losses were publicised
Big Figure
2022 vision
UK-based lender HSBC will pull capital from underperforming businesses in a bid to bolster the profitability of its retail banking and Asian segments. The bank announced plans to redeploy $100 billion of risk-weighted assets (RWAs) by 2022. HSBC will cull around $58 billion of RWAs from its non-ring-fenced bank in Europe and the UK, with the trading division bearing the brunt – specifically the rates and G10 long-term derivatives units.
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7 days in 60 seconds
SA-CCR, IM relief and the fuzziness of good behaviour
The week on Risk.net, February 15-21, 2020
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