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.
Risk-weighted assets fall 5% in three months
The banking system’s shock-absorbers did not work as intended during the Covid-19 crisis
Unsecured funding from within the financial sector also edged higher
Weighted average corporate borrower PD across countries climbed to 2.04%
Tier 1 leverage ratios fall for second quarter in a row
Mortgage-backed securities division had $887 million of uncovered exposure to collapse of two members
Participant contributions to default fund up 55% quarter-on-quarter
Loss-absorbing resources stashed with commercial banks fell over the three months to end-June
Sympathetic rulemakers don’t need to wait for a change of federal government, say experts
Sold notionals fell 8% over the three months to end-June
Temporary relief measures held down growth of exposures at US, Swiss lenders
French bank increased exposures 69% over the first six months of the year
Increase in exposures, short-term wholesale funding bump systemic risk scores higher at some firms
Worst-case scenario sees unemployment peak at 12.5%