European, Canadian and UK banks are too big to fail because of their cross-border activities, Chinese and Japanese banks because of their size
Banks slapped with extra 50 basis points of capital add-on
Dealers battle buy-side inertia and eleventh-hour confusion as belated security-based swap rules bite
Current prohibition on margin re-use penalises sponsored clearing of cash instruments
Morgan Stanley posts largest amount of headroom, while Citi, State Street and Wells Fargo trail behind
‘Hothouse world’ scenario could see average probability of default increase significantly more than under both orderly or belated transition
Regulators ponder whether climate risk needs new RWAs or recalibration of existing ones
ICI questions regulators’ assumptions about the role MMFs played in Covid-19 liquidity crunch
Years-long effort saw trades quietly move to Frankfurt – but firm wants continued access to LCH
Values used for 10 of 12 systemic risk indicators climb year-on-year
Dealer facility does little to address root causes of recent liquidity shocks
Rules aimed at protecting UK depositors may be putting too much froth into the credit market
Problems with existing data mean SEC’s pending TRS reporting rules won’t bring the issue to order
US banks are taking the Fed for a ride – it’s time to address the issue
This introduction to the Journal of Operational Risk special issue shines a light on the relationship between financial fraud risks and financial stability.
Asia Risk 25: Code’s creators considering updates to sections on last look and pre-hedging
This paper analyzes how systemic risk structurally evolved between 2007 and 2017. The main contributions of the paper to the literature include the methodology, analysis and potential use for macroprudential policies.
This paper aims to fill a gap in the literature by providing statistical properties of the population stability index (PSI) and some recommendations on its use.
EU banks face a time bomb as public guarantee schemes expire next year
The results of this paper show that robust forward-looking statistical models are superior to backward-looking assessments of supervisory compliance, which could lead to less regulatory burden when integrated into the examination process, particularly at…
The authors estimate a county-level model of household delinquency and use it to conduct “stress tests” of household debt.
Banks may be reluctant to run down buffers even if regulators soften the MDA threshold for payouts
Alignment on principles needed “in short order”, says Basel working group chair
Questions over bailing in bank bondholders mean problem of too big to fail persists, experts warn