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Latest on Regulation
Study fuels doubt over benefits of climate risk-weights
Research finds both green supporting factor and carbon penalising factor have drawbacks
FSB debates how to fit climate risk into capital rules
Regulators ponder whether climate risk needs new RWAs or recalibration of existing ones
ECB’s stress capital buffer still a ‘black box’ – banks
National regulators retain wide latitude to set Pillar 2 Guidance under new rules
Latest
Quotes
A very substantial amount of Treasuries liquidity is provided by principal trading firms, so it seems quite prudent to bring them into the original intent that this market be centrally cleared
Darrell Duffie, Stanford University
When the Basel Committee made its assessments for the calibration of the FRTB, the emissions trading schemes were less mature and thus more volatile than they are today
Gregg Jones, International Swaps and Derivatives Association
I’m providing a price tailored for a counterparty according to my overall commercial and contractual relationship with them. What is the relevance of that pre-trade transparency to anyone else in the market?
Matthew Coupe, Barclays
Editor's Choice
New BoE climate risk scenarios spark race for extra data
Banks need information from clients or third parties to populate 1,760 stress test variables
Big Figure
No offence?
UK banks are lobbying for a softening of the rules that ring-fence retail and investment banking activities, but there is little evidence that the framework has pushed the funding costs for UK investment banks out of line with global peers.
Read the full articleInvesting
BlackRock to grant funds power to track climate risks
Aladdin system holding trillions of dollars to show whether funds are burning the Earth or saving it
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Comment
A bold step forward in climate-related financial risk supervision
Net losers? Benefits of clearing US Treasuries are cloudy
Our Take
Overhyped green status is no longer a risk-free sales tool
The unintended consequences of ring-fencing