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Latest on Regulation
Chinese banks set for mass loan repricing
Options launch slated for February to help industry switch to new benchmark by August
EU banks short €178bn of MREL requirements
117 resolution entities report bail-in bond and capital shortfalls
FX aggregators flirt with scrutiny over brokerage charges
Making dealers pay for trades raises ‘payment for order flow’ questions
Latest
Quotes
Even within the cohort of hedge funds there is a fat tail – there are a number of funds that use derivatives and to a very considerable extent
Steffen Kern, European Securities and Markets Authority
There’s no time for consultation if the stress capital buffer is going to be in this cycle. They’re going to have to issue it as a final rule and say this is how it’s going to work without any ambiguity whatsoever
US regulatory expert
The trading venues and APAs are still not making data available for free after 15 minutes as is required by the rules and the Q&A. It is a slap in the face
Regulatory expert, large EU hedge fund
Editor's Choice
US sidetracks bid to end European CVA exemption
Fed’s change to SA-CCR capital renews EU industry calls to preserve carve-out
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
AI in practice, EU clearing and post-Libor hedging
The week on Risk.net, February 8–14, 2020
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Comment
Banks feel chill of exposure from Fed’s SCCL
Europe’s new default rules: a defined benefit?
Our Take
Grand designs? Time to rein in the Pillar 2 project
EU compounding confusion creates headaches for banks