Banks fear capital hit unless regulators provide exemption for stock borrowing
Isda AGM: Parliament tackles big issues in recovery and resolution text, but 'doesn’t go far enough'
No explicit ban in parliamentary text; banks say method could spark exodus from stricken CCPs
HSBC’s Wujiang Lou says parametric modelling of haircuts has many advantages over historical VAR
Wujiang Lou develops a parametric haircut model to conduct sensitivity tests and capture market liquidity risk