KBC Group
ECB ratchets up Pillar 2 charges across top lenders
UniCredit, BNP Paribas, SEB and Swedbank worst-hit in latest SREP round
European banks’ CVA RWAs up €2.2bn in Q3
Banco Sabadell, Intesa Sanpaolo and ING Bank reported largest quarterly increases
European banks’ aggregate LCR dips as outflows rise
Net cash outflows outpaced HQLAs, but liquidity reserves remain plump
Market risk capital relief could cut charges at 13 EU banks
EBA says Covid-style measures could be considered to tackle energy crisis
EU banks add overlays as crises evade modelling
Lenders buttress provisions against unpredictable fallout from Russia's invasion of Ukraine
Op risk data: Record $920m fine for JP metals ploy
Also: counting the cost of Covid cons; Citi audio dynamite. Data by ORX News
EU banks increase systemic footprint
Values used for seven of 12 systemic risk indicators climb year-on-year
UK banks added OTC notionals in 2018 as EU peers cut back
Barclays, HSBC, Lloyds, Standard Chartered increased notionals by almost €15 trillion
Big EU banks’ Level 3 assets up 25% in 2018
Hard-to-value assets rise €35 billion year-on-year
Big EU banks lost €22bn capital on IFRS 9 switch
Italian banks saw the largest capital depletion, losing €9 billion (8.9%) of CET1 capital on the transition
EU banks get different MREL levels and deadlines
Average bail-in requirement is 28% of RWAs
Italian banks hardest hit by IFRS 9 transition
Risk Quantum analysis of 36 banks from 11 European Union countries found that capital declined on average by 34bp between December 31, 2017, and March 31, 2018
KBC Asset Management offers step-up payout and Smart Start
Belgian investors become more comfortable with 90% capital protection
Types of operational risk loss by event, February 2009 to February 2011
Types of operational risk loss by event, February 2009 to February 2011
Rouyere takes over global equity derivatives at Daiwa
Daiwa Capital Markets has named Martial Rouyere global head of equity derivatives in London, replacing Clarke Pitts, who has left the bank.
Daiwa moves for Korea derivatives licence and reaffirms Asia expansion drive
Daiwa Capital Markets finalised its purchase of the Asian equity derivatives and global convertible business of KBC today, and reaffirmed its Asian expansion drive with a bid to secure licences in South Korea
Daiwa buys KBC's Asian equity derivatives and global convertible bonds operations
Daiwa Capital Markets has extended its move into structured products with the acquisition of KBC Group's Asian equity derivatives business
Daiwa snaps up KBC's Asian equity derivatives and global converts business
Acquisition of warrants and ETF businesses is viewed as fast-tracking Daiwa's expansion in equity derivatives in Asia
Different degrees
Solvency II will require a massive upgrade in insurers’ technological capability. But as the deadline for implementation looms ever closer, not all in the industry have made the same level of progress.
Thinking hard about AML software
Five years after 9/11, banks are stepping back and taking a more studied approach to anti-money laundering. Dianne See Morrison reports
The great rating debate
A conference in Paris exposed some criticism of the way the rating agencies function. Issuers and investors feel the industry suffers from a lack of competition which has harmed service levels. Sarfraz Thind reports
JP Morgan goes live on T-Zero
JP Morgan went live on T-Zero’s post-trade processing platform for credit derivatives on Monday. It is the first dealer to join the platform since Goldman Sachs initially used the technology after its trade with KBC Alternative Investment Management on…
Front Capital wins $5 billion hedge fund client
KBC Alternative Investment Management (KBC AIM), a hedge fund subsidiary of Belgium's KBC Bank and Insurance Group that manages more than $5 billion in assets, plans to implement Front Capital's Arena trading, risk management and distribution system.