Goldman Sachs
Goldman Sachs’ VAR at three-year high
Increased client activity and market volatility increases firmwide risk
Stephane Mattatia to leave Societe Generale
Equity derivatives structuring veteran jumps ship for rival bank
State Street and BNY Mellon to benefit from revised leverage ratio
Two banks in line for 1.25% reduction in minimum leverage-based capital requirements
Fed’s risk proposal puts banks on the defensive
New supervisory guidance will make business heads responsible for risk management
People moves: BAML loses two in exotics, BNPP’s global markets overhaul, and more
Latest job changes across the industry
People moves: Barclays’ equities hire, Dahlgren joins Wells Fargo, and more
Latest job changes across the industry
Buyer beware: the FX code has not gone far enough
New standards for currency dealers have brought some big improvements, but many practices remain hazy
From BAML to UBS: how 15 banks stack up on ‘last look’
Disclosures show striking differences on pre-hedging, hold times and trade acceptance
Deutsche joins Goldman in change of FX terms
German bank offers to share price-move gains with clients
LME CTO leaves, Cogolludo to head Citi commodities, and more
Latest job changes across the industry
Goldman discloses ‘speed bumps’ for forex clients
Past behaviour may subject clients to a 200-millisecond hold period, as US bank tries to avoid losses
Huge capital savings at stake in STM swaps debate
Estimates show portfolio would generate 250% more capital in worst-case version of new margining treatment
1MDB looms large in Asian banks’ war on money laundering
Banks in Asia-Pacific spurred by tougher enforcement and stricter AML rules
People moves: Deutsche Börse appoints UniCredit banker as new CEO
New fixed-income head at Mizuho; trueEX hires CTO; Deutsche fills ETF role; and more
Credit derivatives house of the year: Goldman Sachs
Risk Awards 2018: US bank’s credit re-organisation opened door to wider client base, new products and some jumbo trades
People: Andreasen quits Danske for new role at Saxo Bank
Also: Goldman welcomes Wecker; moves at BNP Paribas; LCH’s new chief; and more
BAML and Morgan Stanley swaps drop $186bn on VM change
At least seven banks now using settled-to-market treatment for variation margin
Goldman swaps assets drop $140bn after margin change
Move follows guidance from US regulators; no word from Goldman on capital impact
People moves: new Asia-Pacific chief for Goldman Sachs
Also: Reid Marsh moves at Barclays; Citi’s new Apac capital markets origination head; and others
Unskewed incentives: making governance work
EIB model head explains a four-step process for putting risk at the centre of governance efforts
EU rules delay sparks fears over indirect clearing
CCP members must offer new arrangements for exchange-traded derivatives in January 2018
Goldman’s veteran rates head moves to risk role
Three co-heads named after Pantazopoulos ends nine-year run at the head of rates group