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.
BoE offers IFRS 9 relief on virus-hit loans
ECB move should prevent rickety loans counting as NPLs
Short open interest held by leveraged participants down 23% from 12-month peak
Implied three-month SOFR v Libor basis gapped to 108bp on March 19
Banco Santander and BNP Paribas could free €1.1 billion each
Interest rate declines added €2.2bn to SCR
Cleared notionals stay flat on the year
Top banks have about $378 billion of extra HQLA that could be released
Banks asked to use management buffers to support economy in combating coronavirus
Capital conservation requirement and Pillar 2 guidance amounts relaxed, countercyclical capital buffers encouraged to fall
BoE expects £190 billion of lending to be supported by CCyB cut
Net cash outflows increased at a faster pace than HQLA last year
Twenty-one out of 51 banking groups surveyed would be constrained by the output floor