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Latest on Regulation
Germany scrambles to shut the door on Mifid open access
Finance ministry will face fine timing to reverse clearing rule during its EU presidency
EU banks eye savings following Pillar 2 update
ECB estimates CET1 relief of 90 basis points
Clearing experts fear tough EC stance on Emir 2.2
Industry disappointed final Esma advice did little to dial back on burdensome equivalence rules
Latest
Quotes
Competent authorities should… avoid overlap in objectives between the Pillar 1 rules established by Basel and other measures such as Pillar 2 and systemic risk buffer
José Manuel Campa, European Banking Authority
As we look at desks we think are IMA eligible, how do we estimate those desks that we think would potentially be able to pass these metrics and where we want to allocate resources?
Justin Yurchak, Morgan Stanley
Having a blanket ban on excess spread could cause some securitisation issuers problems trying to get the STS label
Robert Bradbury, StormHarbour Securities
Editor's Choice
Double trouble: don’t blur FRTB deadlines, warns ECB
Ignoring reporting model deadline could muddy capital approval cut-off
Big Figure
It’s quiet… too quiet
Market risk losses incurred by banks under the US Federal Reserve’s annual CCAR stress test have been remarkably stable in recent years, prompting concerns banks might be gaming the test. Now Risk.net has seen evidence these concerns could be justified.
Read the full article7 days in 60 seconds
Zombie Libor, climate risk flaw, Mifid’s closed door
The week on Risk.net, December 7–13
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Banks feel chill of exposure from Fed’s SCCL
Europe’s new default rules: a defined benefit?
Our Take
The backlash against green weightings
Swiss banks ask, how about a magic trick?