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Latest on Regulation
CFTC urged to cement relief from a non-cleared margin rule
Isda seeks permanent right for firms to specify two separate minimum transfer amounts as initial margin rules approach full implementation
Esma trains beam on investment fund risks
Officials look to regulatory reporting for better grasp of fund leverage and liquidity
Fed’s rush to complete stress buffer likely to unnerve banks
Quarles wants to include it in 2020 CCAR cycle, making bank capital planning difficult
Latest
Quotes
I would think a regulator would struggle to justify allowing an exchange to go back to a silo after Mifid open access
Law firm partner
IFRS 9 gives too much room for macro models which could be wrong. You can’t predict the economy for 50 years
Eleftherios Vlachostergios, National Bank of Greece
If parties are affected by the US and any other set of regulations, any differences will run into perpetuity and you have two different average aggregate notional amount calculations
Tara Kruse, International Swaps and Derivatives Association
Editor's Choice
Why Europe’s markets might need Mifid III
Lawmakers leaning towards small-scale review, others call for fuller rewrite
Big Figure
Pick yourself off the floor
The European Banking Authority expects the output floor on internal models to provide by far the largest hike to capital requirements for EU banks, so EBA head Jose Manuel Campa has suggested offsetting its effects with a cut in pillar two capital add-ons.
Read the full article7 days in 60 seconds
Compounding, venue disruptors and the Fed’s stress buffer
The week on Risk.net, January 11–17, 2020
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Our Take
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