Subject: PRA’s FRTB flap, CME’s basis trade boost, and ex-Citi banker’s crypto perks

7 DAYS IN 60 SECONDS

THIS WEEK'S TOP STORIES

Regulation

PRA struggles to follow Fed’s FRTB modelling moves

Market risk experts say minor differences in US rules add up to more incentives for IMA adoption

09 Sep 2026 | Feature

Two tango dancers with a merging of US and UK flags as a background

Markets

CME offers basis traders a leg up

New Treasury Link service ‘levels playing field’ in strategy dominated by high-speed players

04 Sep 2026 | News

man on ladder is offered an extra rung above

Markets

Ex-Citi banker’s ‘perfect marriage’ with Franklin’s crypto unit

Investment giant throws weight behind Chris Perkins’ plan for investing in digital markets

08 Sep 2026 | Profile

Markets

Issuers wrap prediction market bets for European clients

Structured notes from Marex and Otala offer prediction market exposure to European firms shut out of the raw contracts

07 Sep 2026 | News

STAT OF THE WEEK

NatWest, HSBC leverage headrooms hit record lows

The leverage ratios of NatWest Group and HSBC fell by 10 basis points apiece to record lows in the second quarter, shrinking their cushions above regulatory requirements even as other major UK banks added headroom.

QUOTE OF THE WEEK

Dollar reversal could scupper EM carry boom, dealers warn

“There is a danger that, suddenly, USD rallies consequentially because of the tech sector, or something else comes to the fore, and you have a rush into US assets again. Then suddenly, people who shorted the dollar are going to get squeezed on that carry trade” – Thomas Kikis, Standard Chartered.