McCreevy losing patience with derivatives industry over clearing house

The European Commission is moving ahead with plans to enforce central clearing of credit default swaps, despite a plea by the International Swaps and Derivatives Association to resume dialogue on the issue.

Upon establishing a working group for derivatives last October, Charlie McCreevy, the European commissioner for internal markets and services, demanded that industry participants and their regulators come up with a formal plan to clear the majority of over-the-counter CDS trades through

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

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