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Latest on Regulation
UK and EU diverge on contractual swap stays
UK scraps pre-resolution stays, while EU regulators could opt for even stricter measures
SA-CCR proves a bitter pill for US banks to swallow
Dealers concerned new regime will punish some business lines with rise in risk-weighted assets
ECB certificates: a ready-made euro safe asset
The CMU must be backed by a stock of safe assets. The ECB can supply them, writes Daniel Hardy
Latest
Quotes
Do we look at investment markets and say: can we do something similar to what was done with banks after the financial crisis, in order to guarantee that central banks never have to step in again?
Ashley Alder, Hong Kong Securities and Futures Commission
The commission proposal to only suspend one part of the best execution reporting requirement, but leave in place the rules that are most burdensome for intermediaries, lacks internal consistency
Markus Ferber, member of the European Parliament
Is there going to be a gap between when the government is supporting people and their ability to get their jobs back?
Mark Rogers, Global Risk Institute
Editor's Choice
Basel’s Rogers: little evidence capital buffers have failed
Top regulator disputes idea banks are unable to run down buffers, urges better communication
Big Figure
Too close to call?
US banks in aggregate finished above the minimum capital requirement under a stress test add-on designed by the Fed to incorporate Covid-19. But banks at the 25th percentile were very close to the wire in a W-shaped recovery like the one that is now playing out – and that figure didn’t factor in dividend distributions already approved by the banks
Read the full article7 days in 60 seconds
Capital buffers, contingent hedges and USD Libor
The week on Risk.net, November 28–December 4
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ECB certificates: a ready-made euro safe asset
Strengthening supervisory co-operation in derivatives markets
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