Latest on Risk management
Broken chains: how DLT code switch compounded ASX fail
Vendors deemed to suffer most in fallout from “paused” blockchain settlement project
LCH explores crypto derivatives clearing
CCP mulls partnership with GFO-X for clearing of crypto index futures and options
EC forges ahead with commodity default fund split plans
New rules expected to require Ice Clear Europe to push commodity derivatives into separate fund
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Quotes
The UK regime that is being introduced will give us the power to require a second skin-in-the-game tranche, which we could insert at a later point in the waterfall
Jon Cunliffe, Bank of England
You basically take credit risk on Macquarie by being part of the default fund. It is quite a dangerous market – we have been clearing it for years, but are extremely picky who we allow into this market
European clearing bank executive
Capital is expected to be less for all FX desks under the FRTB internal models approach compared to the standardised approach
Chew Chee Keong, UOB
Editor's Choice
Pension funds face intraday margin calls from anxious clearers
Some banks stick with T+1 margin posting, but others balk at funding cost and counterparty risk
Big Figure
Last man standing
Following the exit of Bell Potter Securities from the Australian energy market, clearing members at ASX have become concerned that the domestic market has become heavily concentrated in Macquarie.
Read the full articleRegulation
‘Holes’ in new UK regulatory net worry trading venues
Regulated venues say rival firms might unfairly escape oversight in activities such as blocking trades and price aggregation
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How risk managers can stop the FTX infection from spreading
Op risk data: Dodgy tax practices cost Credit Suisse €240m
Our Take
What happens when a bank drops off the systemic risk radar?
Revival of off-balance-sheet financing merits close scrutiny