Leverage ratio
Irish central bank warns of swaps market shut-out
Official says current clearing capacity “will be saturated” by Emir demand
Dollar/yen basis blows out as leverage ratio bites US banks
Basis at its widest since European banks faced a global dollar funding squeeze in 2012
US politicians renew push for change to leverage ratio
Agriculture committee ups pressure on Fed over client margin
JP Morgan and UBS compress forex books via start-up
NYC-based LMRKTS first broke cover two years ago; third bank participant is unknown
Credit Suisse dismisses talk of clearing retreat
Biggest US swaps FCM has cut commodities presence and plans "no further strategic changes"
Coen: leverage ratio hit to clearing due to clashing mandates
Coen calls for greater parity between leverage ratio and clearing requirements
Fed support high on wish list for buy-side repo clearing
Risk USA panellists want liquidity support for planned new services
Swap futures face loss of capital edge
SA-CCR likely to treat swaps and swap futures equally, says Barclays' Kahn
Buy side mulls new Eurex direct clearing model
Agency-style arrangement may cut clearing costs, but regulators wary
Softer rules on clearing margin may not cut end-users’ costs
Leverage ratio burden only one part of costs
Non-bank FCMs unlikely to fill OTC gap
Capital burdens too great, say clearing specialists
Bank rankings 2015: Slaves to the rhythms
Interesting trends have emerged as regulatory change starts to bite
Buy side: central clearing 'a mess' as sell-side dialogue hits 'fever pitch'
Asset managers want to see futurisation of swaps get off the ground in Europe
Illiquidity means some hedges are no longer possible – GE
End-users unable to execute certain trades as dealers retreat, claims swaps counsel
Hidden price pressures grow in euro swap market
Clients face wider bid/offer spreads, as dealers struggle to find liquid hedges
The rise of KVA: how 10 banks are pricing the capital crunch
Risk survey shows new add-on is gaining acceptance and could reshape the swaps business
KVA losses would outweigh FVA – Risk survey
Respondents reveal huge gulf in pricing for generic swap
Clearing brokers send balance sheet allocations to Basel
Data from several clearers submitted to illustrate impact on bank leverage ratios
Are regulators listening at last on the leverage ratio?
Basel Committee, FSB and EBA open ears to balance sheet leverage concerns
How to fix the leverage ratio (by a prudential regulator)
“Embarrassing … ridiculous”: unnamed regulator lets fly at leverage rules
FCMs try to ‘off-board’ credit and commodity funds
Fee hikes are being used to drive out clients that hog capital
Regulators cool on plans to change leverage exposure sums
SA-CCR is mooted successor to 27-year-old CEM, but sensitivity may count against it
Shrinking ranks of swaps clearers could see new entrants
NFA official says "a couple" of firms have filed applications to open a swaps FCM
Fed official defends clearing incentives report
Risk Derivatives Clearing: pilloried report was "clearly useful", says clearing official