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Latest on Regulation
EBA’s Campa: reduce Pillar 2 charges to offset output floor
Bankers plead for smaller capital hit and more predictability on implementation of Basel III
FRTB costs force banks to weigh IMA desk by desk
Risk USA: Some desks “may not be able to pass these more rigorous standards”, says Morgan Stanley FRTB lead
Banks feel chill of exposure from Fed’s SCCL
US rules on counterparty credit limit pose challenges for risk and regulatory teams despite proposed delay, says expert
Latest
Quotes
The Esma proposals are worryingly intrusive, in particular as regards the disclosure of the terms that clearing members offer to different clients
Nathaniel Lalone, Katten Muchin Rosenman
If there are too many regulatory requirements for the underlying interest rate derivative contracts, it will actually make it more difficult for players to go into the market
Ryan Chan, Société Générale Asia
What we are told normally is that banks can game one stress test scenario – it is difficult for them to game two scenarios
Mario Quagliariello, European Banking Authority
Editor's Choice
On CCP oversight, US and EU may be closer than they appear
Competing proposals on foreign CCP oversight have more in common than recent rhetoric implies
Big Figure
From Basel to Brussels
Although the industry is fretting over a potential 25% increase in capital requirements for large European banks, the head of the eurozone single supervisory mechanism believes the European Union should honour its international commitments and push ahead and implement the Basel Committee’s output floor on internal models.
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Comment
Banks feel chill of exposure from Fed’s SCCL
Europe’s new default rules: a defined benefit?
Our Take
How slower growth in China could threaten financial reforms
Stress-testing: still worth the stress?