Mitsubishi UFJ Financial Group (MUFG)
Dawn of CVA threatens hedging woe for Japan banks
Japan’s thinly traded CDS market will make CVA hedging challenging, dealers say
Japanese megabank JGB portfolios shrink
Domestic government bond holdings drop 12% in 2018
Japanese bank LCRs diverge in Q3
Median LCR falls to 135.6% at six large lenders
Nomura, MUFG curb derivatives exposures
Outstanding positions make up almost one-quarter of Nomura's total leverage exposure
Japan banks face huge CVA hit, dealers say
Revaluation of derivatives books likely to cause hundreds of millions in one-off losses
Podcast: Kenyon and Berrahoui on the pitfalls of PFE
Quants propose replacement to existing credit risk measure
Does credit risk need an expected shortfall-style revamp?
Quants propose tail risk-sensitive measure for counterparty credit risk
Asia Risk Corporate & Institutional Rankings 2018: The winners
Standard Chartered and HSBC top the tables
Fed stress tests: foreign banks lag US on capital estimates
On average, IHCs missed the Fed’s estimates of the amount their CET1 ratios would fall in the 2018 test cycle by 213bp, compared with 109bp by US lenders
Japan regulator: we are racing to finish FRTB in 2018
Japanese banks warn against rushing rules with poor data, and fret over EU delays
Japanese banks load up on HQLA
Aggregate liquid assets increase ¥22.3 trillion year-on-year
Asia moves: Corbally becomes ANZ’s chief risk officer as Williams retires
Latest job changes across the industry
MUFG launches CDS franchise in US with bet on volatility
Clearing helps Japanese bank branch out into US single names
Basel set to hammer Japanese megabank capital ratios
Sharp increase in risk weights for unrated corporates could lead to 30% jump in RWAs
XVA quant Kenyon leaves Lloyds for MUFG
Kenyon jumps ship for similar role in XVA quant modelling
People moves: UBS hires new Apac investment bank vice-chair
Also: Commerzbank’s trade finance Asia head; Blackstone nabs JPM Japan chief; and others
Japanese banks eye phased CVA introduction
Working group reports “growing need” for valuation adjustment but cherry-picking fears persist
Bail-in ambiguity hands funding advantage to Japanese G-Sibs
Financial Stability Board wants Japan to clarify the conditions under which it can use its resolution powers
People moves: EBS makes switches in electronic forex
Citadel hires SEC director as general counsel; MUFG’s new leveraged finance head; Nomura changes India chief; and more
Three Japanese banks consider new CVA approach
Industry working group formed to discuss introducing accounting adjustment
TLAC concessions reduce impact for Japan banks
Revised rules cut upper threshold for G-Sibs to 18% from 20% of RWA
Q&A: Op risk veterans list lessons of the crisis
Accountability and learning from past failures key to sound risk culture
Lack of non-cleared margin rules in Asia sparks dealer concern
Requirements for non-cleared swaps delayed until September 2016 but firms in Asia may still not be ready
Japan banks will avoid US firms over margin rules
Dollar bias of US uncleared margin rules will impact swap pricing