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BAML may rejoin China swaps market after US policy shift
Clearing exemption removes swaps deterrent as bank seeks to hedge growing China exposure
CFTC’s cross-border clearing plan faces long haul
US clients warned not to expect access to foreign exempt CCPs for at least a year
Giancarlo speech drives LCH-JSCC basis fall
CFTC chief backs US swap clearing on foreign CCPs, sparking 46% move in basis
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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
Libor reform threatens risk modelling under FRTB
Dearth of liquid products and historic data threatens banks with capital hit under new market risk rules
Big Figure
Swift attacks
Cyber criminals have hit upon a seemingly secure business model: take control of the payment system of a smaller bank in an emerging country; get access to the Swift network; then route fraudulent transactions through banks in developed countries. The pattern has repeated itself on at least eight occasions in the past three years.
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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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