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Latest on Regulation
Brexit to deliver further blow to Mifid transparency data
Market participants say duplicate reports in UK and EU will result in misleading public data
Japan regulator: new FRTB will help uniform Asian uptake
Relaxation of non-modellable risk factors, among other revisions, welcomed by JFSA
Giancarlo admits he may not finish Sef rules
CFTC chairman says his successor may have to finish regulation
Latest
Quotes
Firms are finding on a number of issues that many of their clients, when it comes to contract repapering, tend to want to sit tight and see what the politics delivers
Andrew Bailey, Financial Conduct Authority
For the Asian jurisdictions, we are making great progress and coming more towards the final stages of some of those comparability determinations
Amir Zaidi, Commodity Futures Trading Commission
I would be very suspicious of any reliable number on non-modellable risk factor capital charges
Eduardo Epperlein, Nomura
Editor's Choice
Clients feel forgotten by Giancarlo’s swaps trading plans
Industry says wider Sef mandate ignores reality of dealer-to-client market
Big Figure
Bad haircut day
Depending on how they are implemented, the Basel Committee’s minimum haircuts for securities financing transactions may capture stock borrowing transactions as well. Even though these trades are not intended to contribute to investment fund leverage, banks engaging in them could be hit with a capital increase of around a third on the transactions.
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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
We need to talk about Collins
Credit risk quants are hitting the tech gap