Risk magazine
'No plans' for further guidance on third-party risk – OCC
Banks will have to figure out what constitutes ‘critical activities’ for themselves
Funding in option pricing: the Black-Scholes framework extended
Wujiang Lou shows the impact of funding costs on option valuation
Goldman hikes clearing fees by 75bp as leverage ratio bites
New fee structure amounts to a fourfold increase in some cases
Evasion concerns hamper Mifid package trade fix
Esma working on package trades, but "too premature" to discuss a solution
Unclear incentives: do capital and margin rules support CCPs?
Regulators see incentives to use cleared swaps; critics claim analysis is flawed
Basel Committee launches FVA project
US regulators also looking into divergent valuations for uncollateralised swaps
EBA warns banks to correct pension fund CVA ‘mistake’
Clearing test has to be met for CVA safe harbour to apply, lawyers say
Capital hit from death of 0% sovereign weight 'not enormous'
Banks would have to raise equity equal to 0.7% of current levels, ESRB finds
Standard stress tests could create more risk, CCPs warn
Diverse products and risk profiles make standardised stress testing difficult
CCPs raise alarm on South African OTC reform
Push for CCPs to establish domestic presence riles LCH and CME
PRA reviewing need for new accounting at UK banks – Carney
Bank accounting has improved in past two years, BoE governor tells hearing
Massad: CFTC will not challenge CME invoice spread rule
No progress on SLR changes, but ‘good chance’ of uncleared margin deadline extension
Custody survey sees $1.4 trillion of assets change hands
Table boosted by Citi's $850 billion mandate win in Norway
Basel will address leverage ratio threat to clearing
FAQ document to tackle treatment of segregated initial margin
Citadel shaking up swaps competition
Chicago firm is now a top-four market-maker on US swap platforms
Lehman vs Moore in swaps safe harbour showdown
Lawyers cool on Lehman's chances, but warn victory would harm swaps market
People: Barclays reshuffles quant team
Piterbarg departs, replaced by Marco Naldi; Traiana's Coyne-Solinger saga climaxes; BAML shakes up structured credit team; Tradition hires John Wilson
Corporates eye cross-currency swaps as Euribor sinks
Cheaper swaps are encouraging some companies to chase lower debt costs
Top five US swaps clearers have 73% of the business
Full year of clearing data highlights market's reliance on handful of banks
SunGard unveils clearing utility as FCM exit fears grow
Barclays is first client for service that promises 20% savings for FCMs
Swaps industry mulling new utility for margin compliance
Utility would run daily margin calls, using open source version of industry’s standard model
What links Schumpeter, market structure and Basel III?
Regulators are hoping higher capital levels will translate into healthier markets
Tucker: regulators knew reforms might create 'bumpy' markets
Prudential rules sought to bring about new market structure, says ex-BoE deputy governor
Pension funds sign hedge-only agreements with banks
Cardano and PGGM promise not to give banks speculative trades