Louie Woodall is the editor of Risk Quantum. He was previously deputy editor for Risk.net's risk management desk, and before that covered equity derivatives and structured products for the derivatives desk.
Louie holds a bachelor’s degree in modern history and politics from the University of London.
At Citi, exposures with a PD of 10% to 100% increased 73% quarter on quarter
Total exposures increased 3% year on year
Seven-day swap utilisation has dropped off since May
Aggregate current credit exposures to hedge funds falls 42% quarter on quarter
Non-operational deposits accounted for over 25% of cash outflows in Q2
Median probability of default increases 38bp to 1.7% on the quarter
Aggregate liquid assets increased 15% quarter on quarter
On-balance sheet exposures fall on Fed relief
In aggregate, US G-Sibs racked up 314 profit-making days over the quarter
Market RWAs jumped 129% over the first half
Only one in 10 banks’ internal tests are tougher than supervisor-run programmes
BNP Paribas set aside €532 million alone in H1
Of standardised approach government debt exposures, 24% had a zero risk-weighting in Q2
Regulator’s stress test results overshoot banks’ numbers, threatening capital plans