Estimated issuance needs of $510 billion are heavy, but thought to be manageable
Op Risk Benchmarking: G-Sibs split on risk modelling and management for IT disruption and infosec
Laboureix disputes Swiss claim that G-Sibs are not resolvable, but wants improvements to framework
But Laboureix warns risks to national safety nets will increase without a eurozone-wide scheme
Industry roundtable suggests resolution planning should take priority over higher G-Sib charge
JP Morgan purchase of First Republic sparks debate over 10% cap on deposit market share
After the chaos of SVB and Credit Suisse, is First Republic a model for future bank rescues?
Market participants think issuance will be feasible for largest, but only in calmer conditions
Risk Live: Spreads on European AT1 bonds still wider than before March bail-in
Some want bond doc overhaul to clarify bail-in risk, but sovereigns can always change the rules
Unusual clause in Swiss AT1 bonds allowed them to be written off; could others follow suit?
Even after Emir 3 draft, EU regulator would like more powers over both foreign and domestic CCPs
Federal regulators may be targeting French bank’s Paris-based book of US Treasuries
MREL pricing manageable for most banks, though troubled firms may struggle to meet targets
For crypto infrastructure rules, regulators need speed before perfection, says former BoE adviser
Default waterfalls must include a second tranche of CCP capital, says Cunliffe
Republican governor Bowman delivers “shot across the bow” to new vice-chair
By adding a correlated risk driver to Merton's model for corporate bond pricing, the authors model the empirically observed recovery risk premium.
The new ownership structure is currently pending approval from the ECB
Both resolution or liquidation could lead to losses for public purse, depending on client base
Former LCH risk chief says sharing loss data would help CCPs avoid risk of holding too little capital, or too much
Machine learning method edges regression techniques in linking nonlinearities among delinquent borrowers
Banks say lack of guidance on resolution plans means SRF may not halt liquidity hoarding behaviour
There is also pressure to make changes to tackle banks’ overexposure to retail debt due to the rules