Luke Clancy is the London-based editor-at-large for Risk.net.
Over the past 20 years spent in financial journalism, his previous positions have included: supplements editor, Risk magazine; editor of Hedge Funds Review, ETF Risk and Custody Risk (all formerly published by Incisive Media (now Infopro Digital)); senior investment writer, Investment Week (published by Incisive Media); deputy editor, Global Investor (Euromoney); managing editor, Engaged Investor and Pensions Insight (Newsquest Specialist Media); editor, World Mining Stocks (Aspermont UK); editor, Global Pensions and deputy editor, Professional Pensions (MSM International); online editor, Private Wealth Advisor and Offshore Red (Camden Publishing).
Proposals would require breach notifications, public disclosures and annual cyber assessments
Clients left in the dark about ransomware attack that disrupted futures trading last month
Unusual clause in Swiss AT1 bonds allowed them to be written off; could others follow suit?
Banks are examining service-level agreements for possible breaches
ABN Amro, Macquarie, RBC among firms hit; ransom deadline tomorrow, but service may be down for days
Federal regulators may be targeting French bank’s Paris-based book of US Treasuries
Shareholder alleges board and senior execs breached fiduciary duties by failing to oversee risk
Asset managers say London’s decision to relax EU equity regime will fragment liquidity – with unpredictable consequences
Brokers say there are signs pressure is easing, but quantum hacking threat could transform market
Upgrade in systemic status would depend on extent of migration from UK-based Ice Clear Europe
UK-based clearing house faces “uphill struggle” against JFSA location policy on yen derivatives
Vendors deemed to suffer most in fallout from “paused” blockchain settlement project
Regulated venues say rival firms might unfairly escape oversight in activities such as blocking trades and price aggregation
But supervisors cautiously welcome next-gen model risk management
SEC’s clearing proposals may hurt levered basis trades and worsen illiquidity in off-the-run bonds
Clearing members question how CME could be quasi-regulator as well as direct competitor
Dealers expect inflation to peak sooner, but investors remain sceptical
“Woolly” rules fuel concern that bulletin boards and tech providers could be swept in