A fragmented market with unfinished rules – but reporting deadline looms

The Dodd-Frank Act’s new reporting regime could come into force in September, but key elements of the rules are still missing. While dealers try to fill in the gaps, they are also having to prepare for a reporting landscape fragmented across multiple data warehouses. By Clive Davidson


Dealers have half of what they wanted on swap data reporting. Top of the wish list was a single, global repository. The industry got a global repository – but not a single one. As a result, banks are now trying to work out how to cope with a market in which data is sent to multiple repositories. They are doing so in the knowledge that the US reporting deadline could arrive in a matter of months, and despite the fact that key components of the new reporting regime – the legal entity, product and

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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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