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Latest on Regulation
Synthetic securitisations and Europe’s capital sweetener
Regulator weighs high-quality label for synthetic deals, but without favourable capital treatment
Regulators plan to delay IM ‘big bang’ – market sources
Most see final phase of initial margin rules coming a year later, in September 2021
Swaps counterparties spooked by Emir position pairing
Stumble on voluntary position reporting could undermine push to reform ETD regime
Latest
Quotes
If it wasn’t for Brexit, we might not have set up an EU multilateral trading facility, so our dealer-to-client platform may have been solely within the UK MTF
Dan Marcus, Trad-X
At the very least, the US financial regulatory community should provide guidance to market participants, relieving them of an obligation to put in place documentation and systems that they may never use
Dawn DeBerry Stump, Commodity Futures Trading Commission
The good news is that by July you will see all of the big missing pieces. The bad news is that it is still not actual legislation
Christian Moor, European Banking Authority
Editor's Choice
How capital rules overwhelmed bank strategy
Regulators shouldn’t run a bank – but Basel III and stress tests have put them in the cockpit
Big Figure
In need of revival
Volumes in the European securitisation market are still a long way off where they were in 2009. The new simple, transparent and standardised securitisation concept is meant to change that, but market participants are finding the rules hard to use.
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Comment
How to adapt a bank for MPE resolution strategy
Sovereign risk weights cannot wait
Our Take
The BoE leverage ratio: welcome relief or regulatory arbitrage?
Can European banks crack the capital allocation code?