Desk editor, Regulation
Philip Alexander is the risk management and regulation editor for Risk.net, overseeing a team of journalists in the UK, US and Asia. He was previously senior editor at The Banker magazine, covering financial regulation, capital markets, derivatives, and central and eastern Europe.
Prior to entering journalism, Philip edited sovereign credit research for rating agency Standard & Poor’s in London. He was awarded a PhD in modern history by the University of Cambridge for a thesis on Britain and European integration.
US regulators double down on capital floors despite clampdown on internal models
Deals from G-Sibs have slowed in recent years due to regulatory confusion over capital relief
Canada’s bank watchdog aims to intervene early to tackle burgeoning risks, even at the expense of “perfect” regulatory decisions
Some want bond doc overhaul to clarify bail-in risk, but sovereigns can always change the rules
Tougher regulatory enforcement, new consumer rules and rise of ESG are ringing alarm bells
Unusual clause in Swiss AT1 bonds allowed them to be written off; could others follow suit?
Stress tests and economic capital calculations may not carry the same weight as Basel ratio
MREL pricing manageable for most banks, though troubled firms may struggle to meet targets
Official anticipates effort to identify climate impact on internal models, concentration risk
Proposed infrastructure add-on could make blockchain settlement and payment systems non-viable
Largest banks seek offsets for higher capital requirements caused by possible end of IRB, IMM
Industry insiders expect Fed to drop IRB and IMM when adopting Basel III, but market risk models may survive
Isda AGM: Hernandez de Cos is unmoved by arguments that high risk weights will push banks out of crypto
SEC chief advocates shorter Trace reporting delay, public dissemination of Treasuries trades
CFTC chair says recent market shocks highlight value of Fed accounts; Congressman agrees
Both resolution or liquidation could lead to losses for public purse, depending on client base
Practitioners divided over potential bank capital treatment for assets with no intrinsic value
Nine months before equivalence deadline, over 70% of EU euro swap trades still clear in the UK
‘Parallel stacks’ proposal unlikely to appear in first draft of CRR III, due next month