Risk.net
Latest on Regulation
EU shelves limits on structural FX hedge exemptions
Basel rethink on FRTB capital ratio hedging prompts fresh questions over EU implementation
Quarles: Fed would recalibrate eSLR if Crapo bill passes
Senate or House changes to CCAR could also affect Fed’s new stress capital buffer
FRTB threatens dynamic forex hedging of capital ratios
Industry says recent Basel proposals are unclear and retain burden of pre-approval for hedges
Latest
Quotes
The Basel regulatory framework is addressed to global significant institutions and as such does not take into account the specificities of groups of small co-operatives
Harri Luhtala, OP Financial Group
There is a proliferation of Isins for the exact same instrument. People are toggling between saying delivery is cash or physical when that’s a meaningless field for an interest rate swap
Hedge fund regulatory head
There has been concern expressed by the FCA – recently in public – that the [Mifid II] data is not being made available in the way they envisaged
European industry source
Editor's Choice
Basel to scrap automatic fails for P&L test
“Amber zone” will protect near-miss desks, but regulators not convinced by NMRF complaints
Big Figure
Triple jeopardy
Members of the European Parliament are suggesting that central counterparties should hold skin in the game for non-default losses three times higher than for default losses. This has managed to unite CCPs and their members in opposition - though for different reasons.
Read the full article7 days in 60 seconds
Swaptions basis secrets, risk capital changes and forex hedges
The week on Risk.net, 14-20 April, 2018
Receive this by email
Comment
Systemic rules for insurers and funds should be mutually coherent
Swaps data: a Mifid-shaped hole
Our Take
Why Asia should hold fire on replicating EU holdco rules
Regulatory merger keeps China on course for deleveraging