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Latest on Regulation
Extra tools needed for bank resolution funding – EU official
Current €55bn fund may not be enough, says senior manager at Single Resolution Board
Banks to ask EC for delay of benchmarks rule
New ECB rate may appear only months before rules bar use of Eonia and Euribor
CFTC’s cross-border clearing plan faces long haul
US clients warned not to expect access to foreign exempt CCPs for at least a year
Latest
Quotes
Absent categorical guidance from the Treasury and regulatory bodies, Kyte Broking can only press ahead with plans that it feels will ensure continuity and retain flexibility
Michelle Zak, Kyte Broking
I was uneasy with single point of entry [resolution] from the beginning. I preferred that we focus on financial stability and what it would be like for multiple point failure
Thomas Hoenig, former FDIC vice-chair
Emir is all about financial stability and the exchange-traded derivatives market is not big enough to realistically call into question the financial stability of the EU or any individual member state
Nathaniel Lalone, Katten Muchin Rosenman
Editor's Choice
EU infighting blocks Basel recognition of banking union
Treating eurozone as single jurisdiction could slash G-Sib capital, but the 19 member nations have differences to settle first
Big Figure
A never-ending CVA story
European legislators look set to agree new powers that would allow the European Banking Authority to roll back an exemption from capitalising corporate CVA risk. This could triple CVA capital charges for EU banks, but changes to the CVA framework by the Basel Committee could still keep the exemption alive for a while longer.
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CCPs, handling default, and cyber risk
The week on Risk.net, September 15–21, 2018
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