Opinion
Would whoever’s left at the CFTC please turn on the light?
Lack of resources – and commissioners – becoming increasingly apparent at US regulator
A 10% leverage ratio does not justify waiving the Volcker rule
Former Fed manager Christopher Laursen warns against prop trading, even for well-capitalised banks
Basel floors, cyber risk and the Quant Finance Master’s Guide
The week on Risk.net, June 16–22, 2017
Focus on Basel output floor calibration misses the point
Until all the final standardised approaches are known, the floor has little meaning
US learns to play the Basel game
Mnuchin report marks a US regulatory shift – from leadership to gamesmanship
Analyse this: the future for quants
Quant headcount is up on pre-crisis levels, but jobs in front-office functions have been decimated
Trump reforms, euro clearing and FRTB
The week on Risk.net, June 9–15, 2017
The quant factory: not muppets, but not perfect
Universities offering quant master’s programmes must adapt to stay relevant, writes UBS’s Gordon Lee
The untapped potential of stress tests
Quants propose technique to include stress testing in portfolio allocation
Solvency II model approvals: lessons from round one
Board members must help shape model validation process
Don’t let the SMA kill op risk modelling
The SMA is not a good response to the AMA’s failings – but don’t throw the baby out with the bathwater
Monthly credit data review: new-tech scepticism
David Carruthers of Credit Benchmark looks at the most recent trends in bank-sourced credit data
Mifid II confusion, FRTB troubles and new LCH repo service
The week on Risk.net, May 26-June 1, 2017
Cracks in China shouldn’t be a reason to delay Bond Connect
Bond market initiative must go ahead, even amid cooling investor demand for debt
Monthly swaps data review: ADV for OTC derivatives
Daily volumes are a pillar of the futures market, and can now be found for US swaps
The Dark Ages: US and EU unite in position limit vagaries
Regulators’ inactivity infuriates commodities markets
The looming VM crisis, reviewing Emir and delaying FRTB
The week in Risk.net, May 19-25 2017
Size-discovery protocols are not on the efficient frontier
Practice improves allocations but more can be done, says Darrell Duffie
Beware the pitfalls of right- and wrong-way risk
Credit exposure can be hazardous. Misinterpreting the risks posed can be ruinous
IRB and Esma data, FRTB and hedge funds
The week on Risk.net, May 12–18, 2017
Memo to bank CEOs: treat op risk with more respect
High-profile critics of op risk capital rules are misguided, say Ariane Chapelle and Evan Sekeris
Welcome to the new Isda – more ambitious than the old one
Swaps body announces aim to expand its role from legal contracts to data and process at annual gathering
Isda AGM, the ESAs and euro clearing
The week on Risk.net, May 5–11 2017
Trump’s Basel stance is key for Asian banks
Donald Trump may have strengthened ties with the region, but the true impact of his administration on Asia remains to be seen