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.
Challenges agreeing contract amendments and lack of term rates for the risk-free alternatives are also barriers to transition
NSCC reported its guaranty resources grew 231%
Peak breach was €100 million in size
Largest initial margin shortfall amounted to €100 million
A large, directional portfolio $100 billion in size was to blame
HSBC North America predicted a loan-loss rate of 2.7%, well below the Fed’s 6% estimate
JP Morgan, Goldman Sachs, Morgan Stanley will see minimum requirements increase under new regime
Under worst-case, 25% of banks would have post-stress CET1 ratios of less than 4.8%
Bank projects 640bp peak-to-trough capital hit in DFAST
Banks pushed onto internal models wrestle with procyclical capital charges
Two banks saw CET1 climb more than 5% at end-2019 through the EU’s valuation adjustments
Top European banks have limited exposures to Greece, Cyprus, Spain, Portugal and Italy
Cumulative returns have barely edged up for these funds since end-March