News
Virtu’s bid for KCG stokes liquidity fears
Deal could result in less trading and lower exchange revenues
Republican senator slams bank capital rules
US president Donald Trump is no fan of Basel III, Perdue claims
Trump-Putin dialogue tipped to contain energy focus
Former Russian oil minister predicts meeting, but White House has no announcements “at this time”
Masters: blockchain could ease margin headaches
Margining non-cleared derivatives a “massively under-optimised space”, says Digital Asset chief
CFTC set to flex its muscles in FSOC meetings
FSOC must study the impact of capital rules on trading liquidity, Giancarlo says
iHeart CDS saga sparks debate over credit rules
Trigger decision highlights product's weaknesses, warns Milbank’s Williams
Giancarlo orders review of CFTC rules
SDR requirements could be simplified, acting chairman tells Risk.net
New Basel delay throws SMA into doubt
Revised op risk capital framework unlikely to be implemented uniformly, even when a deal is agreed, bankers say
Broaden your reach on model risk, quants told
Three banks say their model inventories are “a work in progress”
DTCC’s Bodson criticises ‘dumb-ass’ cyber risk rules
Requirement to recover from cyber attack within two hours unrealistic, he says
People: Jacob Frenkel joins CME’s markets advisory think-tank
Recent changes at CME, S&P Global, CFTC, Ice, ANZ, Euronext, Finra and Eti
Academics warn against overuse of machine learning
Lack of data makes AI technology unsuitable for risk management, say Cont and Rebonato
CLO investors fret as rate hikes loom
Rising default rates could trigger a stampede out of the market
‘A choreographed ballet’: academics attack CVA
Derivatives add-on rubbished by Cont and Rebonato
TLAC-driven CDS index change tipped for September
UK and Swiss bank Holdco CDSs likely inclusions in next iTraxx index roll, say strategists
Mifid trading rules cast a shadow over position limits
Contracts caught will depend on trading obligation rules that are still unclear
Energy firms increase use of trade surveillance technology
Robotic process automation could be next step for trade surveillance
Non-cleared swaps compression battle heats up
Quantile, LMRKTS, Capitalab and triBalance jostle for supremacy in IM optimisation
Dealers at odds with Fed on variation margin relief
Significant exposure test should be applied on a gross basis, Risk.net has learned
FCA: ‘wait and see’ if Mifid swaps rules are ready in January
Trading obligation consultation due by May, as industry urges clarity rather than speed
Basel group shake-up has banks hoping for FRTB changes
Barger and Durand replaced by BoE's Nesbitt; banks want fresh look at P&L test
Variation margin relief sparks swaps pricing disputes
Banks divided over whether to price trades using current CSAs or theoretical new agreements
Dodd-Frank rollback targets asset manager stress tests
Amended Financial Choice Act eliminates stress tests for funds, lobbyist claims
Dollar deposit mystery highlights non-US bank funding risks
Liquidity resilience is uncertain as offshore deposit financing replaces prime money funds