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Latest on Regulation
Final FRTB internal model rules get mixed reviews
Bankers divided on whether changes to two key tests will ease ‘penal’ capital charges
Regulators rethink Volcker overhaul to solve accounting glitch
Bankers urge cancellation of new definition of prop trades that could capture liquidity buffers
Brexit clouds future for Euribor and Eonia in UK
Clashing deadlines threaten to scuttle rates, but ‘in-flight files’ bill might save them
Latest
Quotes
A significant issue in the Chinese repo markets, especially for foreign banks, has been the lack of clarity over the timing and enforceability of pledged collateral
Ryan Chan, Societe Generale
Giving EU authorities the right to place conditions on third-country firms that use equivalence could be a stalking horse to bring back some of the most heavy-handed aspects of the French proposals
Nathaniel Lalone, Katten Muchin Rosenman
As of Brexit, unless there’s some agreement to the contrary, each party will treat each other’s pension schemes as third-country pension schemes
Barney Reynolds, Shearman & Sterling
Editor's Choice
Banks warned on holes in EU’s proposed Brexit relief
Potential EC, French and German no-deal relief is expected to be short-lived and incomplete
Big Figure
China’s preferred route to TLAC
China’s fast-growing bond market means banks may have to begin complying with global rules for total loss-absorbing capacity (TLAC) two years earlier than expected. But large recent issuance of preference shares could help to soften the blow.
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Comment
We need a different approach to supervisory stress-testing
How to stress-test portfolios for Brexit and trade wars
Our Take
Credit risk quants are hitting the tech gap
What’s Finnish for ‘too big to fail’?