Articles by Louie Woodall
Ring-fencing law swells Lloyds’ swap book
Recognition of intra-group trades boosts leverage exposure measure and CCP charges
Junk loan, souring economy push up RBC loan-loss reserves
Provisions for credit losses hit C$514 million in Q1 2019
UK banks' ECL scenarios vary
Projected economic outcomes most widely dispersed at Barclays
JP Morgan's repo book bulged at year end
US bank added $101 billion of repo assets in three months to end-December
EU Pillar 2 charges vary by country
Nordea leads large EU banks' with Pillar 2 requirement of 3.2% in 2018
Model updates buttress Allianz's solvency ratio
Solvency II requirement less sensitive to rates, credit volatility than 2017
Rabobank shuns wholesale funding
Dutch lender has reduced wholesale liabilities by 29% since 2014
VAR surges, revenues tank at French banks hurt by volatility
Revenues decline €1.2 billion at big four banks' trading arms
Traders soured on Vix futures in 2018
Open interest in Vix futures ended year 44% down from January peak
Model woes swell ABN Amro RWAs
Trim and model reviews add €5 billion in risk-weighted assets
Groupe BPCE fortifies TLAC buffer
French bank posts TLAC ratio of 22.5%, up from 20.08% in 2017
Buoyant US economy, harsher CCAR for regionals
Strong correlation between US GDP variable and CET1 burn at mid-size domestic banks
Hedging gains boost MetLife earnings
US insurer posts $939 million in net derivatives gains in the fourth quarter
Prudential Financial adds $1bn to liquidity pool
Insurer increases highly liquid assets by 25% in 2018
Commonwealth Bank blitzes IRRBB charges
Shake-up of banking book saves A$10.5 billion in RWAs
ING trims op risk charge by 11% in 2018
Bank benefits from AMA model upgrades
On hedging, BP and Shell set different timelines
Shell has much larger share of derivatives classified as current than BP
Fed stress tests tougher in 2019
Severely adverse scenario projects US economy to shrink 9.4%
Japanese megabank JGB portfolios shrink
Domestic government bond holdings drop 12% in 2018
Default risks in peripheral eurozone inch up
Italian corporate PD estimates up to 9.12%
Even after hefty loss, Nomura capital ratio remains aloft
CET1 ratio jumps to 17.8% despite ¥76 billion loss
Santander tames its trading risk
Group value-at-risk falls 40% in 2018
Apple derivatives use surges
Hedging derivatives notionals hit $99 billion, up from $6 billion in 2008
One-quarter of market risk not modellable
US banks have largest portion of capital requirement set by the SA