Risk magazine
Avoid one-size-fits-all capital approach, says Osfi’s Zelmer
Regulators have increasingly been pushing for less reliance on bank internal models, but Osfi’s deputy superintendent of the regulation sector, Mark Zelmer, thinks internal models have a place
SABR symmetry
SABR symmetry
Industry welcomes footnote 513 no-action extension
Industry sources have welcomed CFTC decision to extend no-action relief for its non-US swap dealer requirements and to consult on definitions
Too-big-to-fail problem solved, claim leading industry figures
FDIC's single-point-of-entry method applauded but concerns still linger
Differential rates, differential prices
Differential rates, differential prices
HMRC excludes client clearing from UK bank levy
UK tax authorities exclude client collateral received as a result of clearing activities from bank levy, after complaints it would act as a disincentive to clearing
FI trading revenues expected to slide further – Risk.net poll
Fixed-income trading revenues will continue to fall in 2014, believe respondents to a Risk.net poll
FX clearing a priority for 2014, vows CLS chief
Working with banks and CCPs to facilitate central clearing of OTC forex options is 'high priority strategic initiative' for CLS this year, says chief executive David Puth
CVA desks could struggle with Volcker correlation tests
Banks turn to lawyers for advice as CVA functions face tougher conditions than other trading desks
Frontloading fears remain despite Esma guidance
Uncertainty has been narrowed by Esma Q&A, but dealers say they will still face pricing headaches
Op risk, FVA and OIS - Risk.net’s top stories of 2013
Operational risks, funding valuation adjustment and the money made by one dealer in the early days of OIS discounting – the top stories of the year on Risk.net
Basel said to be weighing leverage ratio U-turn
Cash collateral may be allowed to bring down derivatives exposure - and repo treatments could also be softened, according to three industry sources
Custody Risk European Awards 2013: Transfer Agent of the Year
Sponsored feature: RBC Investor & Treasury Services
Custody Risk European Awards 2013: Asset Servicing Technology Vendor of the Year
Sponsored feature: DST Global Solutions
Custody Risk European Awards 2013: Post-trade Technology Vendor of the Year
Sponsored feature: Multifonds
Custody Risk European Awards 2013: Fund Administrator of the Year – Luxembourg
Sponsored feature: RBC Investor & Treasury Services
CFTC guidance means FIA-Isda contract 'no longer needed'
Execution agreements that have taken years of work cannot be used on Sefs - and a big change is needed if they are to survive at all
Custody Risk December 2013
Editor's comment
Esma: No 90-day reporting delay for post-Emir trades
News will "come as a surprise" to market participants - and also the UK's FCA, which has misinterpreted Esma rules on its website
CFTC correct in row over US Treasury liquidity - Risk.net poll
A poll of Risk readers finds that 56% agree the CFTC should require CCP holdings of US Treasuries to be backed by committed liquidity facilities
Buy-side reporting concerns as February Emir deadline looms
Quotes of the quarter
FSB: work needed on consistent data standards
Public- and private-sector experts have worked hard over the past three years to develop the framework for a global legal entity identifier system, but more effort is needed to create consistent data standards for financial instruments and transactions,…
'Don't make us clear inflation swaps,' dealers plead
Market is too concentrated to cope with a default, participants warn