Learning the wrong lesson from Lehman? Ring-fencing hikes risk of bank failure, says Credit Suisse’s Wilson Ervin – he proposes an alternative
Lawmakers disagree over whether Esma should be given new powers to tackle distressed CCPs
Will Jelena McWilliams finally nail down the FDIC’s role as a resolution authority?
Regulatory uncertainty fading as constraint on MREL placements
Hong Kong regulator supports 75% internal TLAC to boost international co-operation
Bondholders poised to challenge “no creditor worse off” valuation if compensation is denied
This paper discusses the many differences between CCPs and banks as well as the significance of these differences.
Subordinated debt requirement will hit smaller banks hardest
Proposal allows pre-resolution stay as well as one during resolution provided bank reopens in between
Leaked BRRD text reveals all Greek and Portuguese banks could escape subordinated debt regime
Contributions to the SRF jump 25% on average
One EU regulator has already asked banks to avoid reliance on English law for bail-in
Isda AGM: Parliament tackles big issues in recovery and resolution text, but 'doesn’t go far enough'
US bankruptcy-first approach needs more thought on emergency liquidity, say experts
China and Japan should wait for outcome of US regulatory review and Brexit before retaliating
Sharp increase in risk weight for strategic equity stakes will capture ownership of apex banks
Discovery application could shift compensation focus to the buyer instead of the SRB
CCPs and clearing members both unhappy with proposed allocation of non-default losses
New legislation would not be required, but weak bankruptcy law could unnerve investors
Lobbyists say handling of ABLV shows flaws in EC’s pre-resolution stay concept
Moratorium cut to two days, but pre-resolution stay could make EU a non-netting jurisdiction
This paper investigates how financial market participants respond to risk mutualization implemented by a CCP using assessments after a large credit loss.
FMIC 2 special issue introduction: a policy view on developments in the field of financial market infrastructures
This introductory article positions these papers and speeches within the context of the wider conference proceedings of the Financial Market Infrastructure Conference II: New Thinking in a New Era, including insights from the panel sessions and…
This paper describes the current policy for recovery and resolution of CCPs and assesses the tool kit for resolution of them.