Federal Reserve Bank of Chicago
Fed urged to focus on resolvability in Basel III endgame
Industry roundtable suggests resolution planning should take priority over higher G-Sib charge
Direct clearing could solve CCP concentration risk
Allowing more clients to self-clear can reduce CCPs’ reliance on a few firms, says ex-Chicago Fed adviser
The disputed terrain of model risk scoring
There is no concord on how banks should police their model risk. But two Fed economists have an idea
CCPs should pay twice into default waterfall, say researchers
Chicago Fed paper calls for contributions before members’ capital is tapped and after it is depleted
Bailout obsession holds back US CCP resolution regime
Dodd-Frank leaves legal uncertainty, but proposed alternatives could be even worse
Fed weighing VM capital cut for cleared swaps
Powell implies support for practice that saved UBS $300m in capital
Fear of something worse seen as key to CCP recovery
Forcing banks to pick up defaulted trades is “viable option”, says Fed researcher
CCP interoperability drive poses margin challenges
Chicago Fed researchers point to problems around issue of concentration margin
Tensions at for-profit CCPs could put them at risk
Demutualised CCPs must find a way to keep clearing members engaged in risk management
Fears mount over CCP client porting
Shrinking pool of FCMs could undermine efforts to port client positions in a default
Chicago Fed official calls out CFTC, SEC over HFT regulation
“You cannot have 80% of the market being just HFT,” says Ranjan
Noreen Doyle named as first female BBA chair, and other recent job news
Credit Suisse board member joins trade body for UK banking industry
Fed official slams ‘fantasy’ of CCP default management
McPartland: banks could not support multiple auctions if a big member firm defaults
Swenson moves to TD Bank
Ken Swenson leaves Chicago Fed for TD capital oversight role
Bernanke rules out repeat of Scap stress tests
Last year's Scap stress tests for US banks were a one-off, the Fed chairman said today.
Risk overhaul at US banks due to economic capital not Basel II, says Fed's D'Silva
Economic capital, not the impending introduction of Basel II, is driving risk management initiatives at US banks, according to the Federal Bank of Chicago's director for capital and market risk, Adrian D'Silva.
Risk overhaul at US banks due to economic capital not Basel II, says Fed's D'Silva
Economic capital, not the impending introduction of Basel II, is driving risk management initiatives at US banks, according to the Federal Bank of Chicago's director for capital and market risk, Adrian D'Silva.
Jacobs joins Chicago Fed's new economic capital group
Former managing director and head of analytics for Bank of America's loan portfolio management, Thomas Jacobs, has joined the Federal Reserve Bank of Chicago as an economic capital specialist in the watchdog's risk specialist division.
Basel inflicts collateral damage
The current Basel proposals could lead to the global spread of the type of systemic loan loss problems Japan is now experiencing, argues John Frye of the Federal Reserve Bank of Chicago.
Basel acts on private equity losses
The Basel Committee on Banking Supervision has issued a proposal for determining the capital reserves for bank equity exposures. It promises to be as controversial as the other aspects of the Basel II capital Accord.