Risk magazine/News
FCA asks prop traders about capital impact of sterling fall
Regulator seeks info on currency make-up of capital base, and capital adequacy
CVA desks suffer Brexit double whammy
Cross-gamma losses estimated at more than $25m for each dealer
Hedge fund H2O suffers $160m loss after Brexit shock
UK-based firm’s four macro funds hit by equity index and sovereign debt losses
Basel arbitrage warning leaves dealers guessing
Banks told to avoid trades that offset regulatory adjustments, but details are thin
EBA stress test ‘obsolete’ after Brexit vote
Experts call for a rethink on setting scenarios for future tests
‘Lottery ticket’ call options saw big losses on Brexit
Emerging market trades dropped more than 80% after 'leave' vote
Brexit clauses put brakes on big UK property loans
Collapse in sterling expected to see in-flight deals renegotiated
Banks ‘hurting, but not dead’ after Brexit shock
Last-gasp hedges may have eased the pain of Brexit for some banks
EC to hold crunch talks on CCP recovery and resolution
European Commission said to be close to unveiling proposal on stricken clearing houses
People: HSBC appoints markets head to new digital role
Credit Suisse loses European prime derivatives head; SocGen CRO retires; Citadel Securities hire from Barclays macro sales desk
Brexit hedging leaves Ficc books unbalanced
Market-making desks struggling to recycle some client flows ahead of referendum
US regulators favour September margin deadline
September 1 roll-out would threaten bilateral swap trading chasm between EU and US
Banks reject Basel’s IRB data shortage claim
Internal models remain more accurate than standardised approaches, say industry responses
König: banks should not wait to build bail-in buffers
Single resolution board head also warned against political back-sliding on bail-in
IFRS 9 packs bigger punch than Basel changes, say bankers
Capital hit from new loan loss accounting rules to rival incoming Basel regulations
SEC legal hurdles threaten non-US CDS dealers
Row over access to books and records threatens to undermine registration rules
MarketAxess to offer cut-price dark pool liquidity
High-yield bond block trades could be 100bp cheaper on new platform, says executive
European regulators resist Basel risk models clampdown
EU authorities express concern over move to less risk-sensitive capital requirements
Delay US non-cleared margin rules, industry tells Congress
“This puts the US banks at a huge disadvantage relative to the European banks,” says CME’s Duffy
Council of the EU set to agree on money market fund reform
Amendments and deadline extension spark relief among end-users
NPLs to blame for lending drag, say regulators
Banks that have already increased capital are lending most, says EBA's Enria
Isda support makes ISIN adoption all but certain
Future of alternatives in doubt as ISINs integrate Isda taxonomy
Buy side is the barrier to all-to-all credit trading, says AB chief
Switzer calls current pre-trade transparency technology "awful"
Europe set to delay variation margin regime
Delay to initial margin deadline likely to be accompanied by smaller shift in variation margin timetable