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).
Collapse in sterling expected to see in-flight deals renegotiated
Derivatives trade identifiers to leverage off cryptographic hashes
CCP resolution spells regulatory failure; guidance to follow on PFMIs and CCP stress-testing
IDX panellists see reduced operational role for CCPs that will instead act as trusted oracles
CSDs counter they fulfil functions blockchain cannot, and regulatory changes are needed to disintermediate them
Regulatory capital savings offered by instant settlement of smart contracts on distributed ledgers
The EBA is also reconsidering its advice to the European Commission on the treatment of CVA risk
Nasdaq Clearing’s first compression run to be continued twice a year
FDIC vice-chair says TLAC should reflect individual bank business models
Proposals clamp down on IRB approach that is “usually gamed pretty easily”, says FDIC’s Hoenig
CCP failed to properly capture vega, strike and wing risk, expert report claims
Changing treatment of variation margin could benefit banks, but hurt clients
New margin approach threatens hedge accounting status, could hurt effectiveness
Deputy president says the use of prudential regulations to achieve economic policy objectives is “highly problematic”