Latest on Risk management
Ion: after the hack, the clean-up
Some clients now using Ion systems again, but synchronising data with CCPs could take days
Stablecoins: good as the buck, or breaking the buck?
Collateral concerns and iffy auditing have raised fears of a ‘de-pegging’ event – and possible contagion across crypto and beyond
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Estimated $1.3bn RWA benefit temporarily offset by regulatory add-on
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Quotes
It’s not a walk in the park to organise a transition, each market participant will need to find counterparties to all the trades they have open at Ice
Clearing executive at a European bank
Participants would gain more benefit by clearing multiple yen interest rate products at JSCC, due to the potential margin savings by cross-margining between listed futures and swaps
Tetsuo Otashiro, JSCC
A CCP is a CCP is a CCP. That should still hold true for crypto assets.
David Murphy, former adviser to Bank of England
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Bot’s job? Quants question AI’s model validation powers
But supervisors cautiously welcome next-gen model risk management
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.
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Ion: after the hack, the clean-up
Some clients now using Ion systems again, but synchronising data with CCPs could take days
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Op risk data: Wells Fargo walloped to the tune of $1.7bn
A crypto CCP is still a CCP
Our Take
What happens when a bank drops off the systemic risk radar?
Revival of off-balance-sheet financing merits close scrutiny