UBS
European banks rebuild AT1 capital stock
Additional Tier 1 capital up 26% since end of 2023
UBS partners with LGT on ‘tricky’ Vix futures QIS
Swiss bank aims to avoid ‘backtest Olympics’ for strategies at risk of overfitting
Fed tailoring review could ease requirements for six banks
Deutsche Bank USA, American Express among biggest beneficiaries of proposed thresholds update
Clearing banks pick holes in VAR-based CCP margin models
New models ease cliff effects, but banks say they are less predictable and prone to undershooting
Doubts swirl over future of FX cartel case
Group of banks accused of manipulation have filed for the class action to be dismissed
China leads global banks’ LCR retreat in 2025
Twenty-one of 29 G-Sibs reported lower liquidity ratios than the previous year
UBS set for highest G-Sib CET1 minimum under Swiss proposal
Effective CET1 minimum would clear 13% on foreign-participant deduction
People: StanChart’s new risk chief, Citi hires for FX, and more
Latest job changes across the industry
UBS fixed income structuring head departs
Credit Suisse alumni Adrian Bracher leaves Swiss bank
UBS to launch merger arb QIS
Bank partners with German asset manager First Private to screen deals using machine learning
FCM target residual interest shrinks as customer funds surge
Nine firms hit all-time lows in February across multiple asset classes
UBS’s market RWAs fall below pre-FRTB levels
Charges drop 15.8% in Q4 as legacy assets continue to roll off
People: Citadel and Brevan snag banks’ top traders, and more
Latest job changes across the industry
US banks lose appetite for Treasuries as G-Sibs turn to trading book
Two-year surge in non-trading USTs plateaus as HFT bonds tick up
Exposures with undisclosed risk-weights hit new highs at US banks
Assets in the ‘other’ category of standardised risk-weights grow to $700bn
Barclays, JPM drive surge in FCM funds in 2025
Futures, options and swaps customer funds log biggest annual jump since 2020
Bowman’s GDP-linked proposal would lift bank thresholds by 42%
Recalibration would push five banks out of category III and leave Synchrony and Flagstar below the large-bank line
BofA Securities defies year-end pullback with record F&O customer funds
December growth contrasts with broader FCM retrenchment from October peak
Morgan Stanley marks biggest risk category swing in 2025 G-Sib test
Substitutability overtakes complexity at US bank for first time
People: Fishwick hands over BlackRock CRO role, Citi expands Asia FX team, and more
Latest job changes across the industry
Dealers warn of capital squeeze from increased FX hedging
Sharp rise in uncollateralised buy-side hedges could restrict banks’ ability to take on positions