Systemic risk
Fund industry defends use of credit lines as liquidity backstop
Concerns about systemic risk unjustified, say asset managers
Why feedback loops could tie regulators in knots
Growing awareness of endogenous risk raises difficult questions about too-big-to-fail approach
Insurers should prep for questions on pro-cyclicality
Regulatory agenda shifting to systemic risk of herding
ESRB's buffer plan would worsen systemic risk – insurers
Industry and regulators at loggerheads over pro-cyclicality
Banks test promise of blockchain as CCP replacement
“You can imagine a world where you don’t need clearing houses,” says senior banker
Network centrality, failure prediction and systemic risk
This paper offers a promising new avenue of investigation into how information on firms’ interconnectivity can improve existing credit models.
Interoperability between central counterparties
The authors investigate interoperability from the perspective of the multilateral netting property of central clearing.
Modeling operational risk capital: the inconvenient truth
This paper shows that it is an "inconvenient truth" that the largest losses by banks are not firm specific.
ECB flags threat of ‘abrupt reversal’ in risk premia
Latest review identifies two ‘medium-level systemic risks’ to eurozone
Nonnegative risk components
This paper proposes two methods for attributing the risk of a portfolio or system to its components.
PRA plans for tougher scrutiny of 'other systemic institutions'
Institutions designated as O-Siis will be expected to produce resolution plans
BNY Mellon highlights dangers of unknown Sifis
Outsourcing and concentration could create inadvertent keystone companies
Network-based measures as leading indicators of market instability: the case of the Spanish stock market
This paper identifies links between time series data of stock returns for the purpose of understanding the structure of the market and for identifying early-warning signals of forthcoming market stress.
Too interconnected to fail: a survey of the interbank networks literature
This paper systematically reviews the theoretical literature on interbank networks.
Q&A: Avinash Persaud on the structural risk in Solvency II
Directive will herd insurers into 'safe' investments that turn out to be risky, says writer and academic
'Dark age' hedge funds have antique fees, says Albourne’s Ruddick
New boss at consultant, John Claisse, to focus on liquid alts research
Impact of Mifid II on commodities sparks heated debate
Industry and regulators clash during discussion of tightened commodity rules
Market braced for upheaval as SEC signals ETF crackdown
Providers fear new data requirements may herald future enforcement actions and regulation
Scaling operational loss data and its systemic risk implications
A scaling methodology to include external data in operational risk calculation is introduced
Q&A: the Bundesbank’s Andreas Dombret on small banks, big banks and shadow banks
Supervisors are “miles” from being able to monitor shadow banking risks, says financial stability head.
Bundesbank's Dombret: shadow banking oversight is “miles away”
Regulators may never be able to fully monitor risks created by shadow banking
FSB delays designation of systemic reinsurers
IAIS assessment methodology under fire again for lack of clarity