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Latest on Regulation
US swaps end-users cry foul over SA-CCR punch
Capital on non-margined trades jumps 90%, and energy firms face double hit
Into the void: Europe’s new but hazy securitisation market
Regulatory vagueness reaches new heights as incomplete rules take effect
Realism or deregulation? Fed sidelined in oversight of insurers
Proposed activities-based approach to non-bank systemic risk will make Sifi designations less likely
Latest
Quotes
The better approach is to follow the Canadian-EU agreement and provide that the investment treaty protections only apply to corporate debt and not to sovereign debt
Ian Clarke, White & Case
There is an element of [regulators] paving the way for settled-to-market swaps on the one hand, and then putting up a little bit of a roadblock on the other
James Schwartz, Morrison Foerster
[The European Union] could well be heading towards true single-sided reporting even if they are doing so by a small incremental step
Chad Giussani, Standard Chartered
Editor's Choice
Dealers seek clarity on buy-side IM relief
Hundreds of buy-side firms may still need to calculate margin and get models approved
Big Figure
Win some, lose some
The average capital increase from the final version of Basel’s Fundamental Review of the Trading Book is around 20%, which looks affordable. But the impact on specific trading desks can be much more punitive in some cases.
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Comment
Sovereign risk weights cannot wait
We need a different approach to supervisory stress-testing
Our Take
Op risk capital: looking back in anger
We need to talk about Collins