The US Federal Reserve has in theory relaxed its final rules on large banks’ exposure limits to a single counterparty, but experts say there could still be anxiety over how to identify whether counterparties are inter-related.
“While the final rule provided some clarification and modification of the tests for economic interdependence and control relationships, aggregation of counterparty exposures under these tests is still expected to be operationally intensive and potentially burdensome for
- People moves: SocGen adds in prime services, Deutsche fills new rates hole, HSBC makes model move, and more
- Credit risk quants are hitting the tech gap
- Princeton tops inaugural Risk.net quant master’s ranking
- Does credit risk need an expected shortfall-style revamp?
- Teach history to avoid mistakes of yesterday’s quants