Risk magazine/News
FDIC’s Hoenig: don’t impose TLAC, let equity 'do its job'
FDIC vice-chair says TLAC should reflect individual bank business models
SDR battle between CME and DTCC heralds huge cost savings
Firms reporting more than 50,000 open swap positions could save $1 million a year at CME
Top quant Peter Carr leaves Morgan Stanley
Global head of market modelling is no longer with the bank, say industry sources
Industry slams EU equity derivatives disclosure proposals
"The rules are based on assumptions that are incorrect," says Isda
Eurex pilots direct clearing for the buy side
CCP predicts 80% reduction in capital charges for banks acting as clearing agents
Blockchain tipped as fix for margin segregation
ISAs could move to distributed ledgers within 18 months, Barclays technologist claims
Fed to use CCAR to push BCBS 239 compliance
"The stick they're wielding right now is around CCAR," says SunTrust executive
US derivatives users cheer hedge accounting rejig
Rule change ends years of uncertainty and piecemeal reform
Basel plans modelling curb for billions in credit RWAs
Proposals clamp down on IRB approach that is “usually gamed pretty easily”, says FDIC’s Hoenig
Eurex margin flaws claimed in Swedish bank collapse case
CCP failed to properly capture vega, strike and wing risk, expert report claims
People: Three senior forex managers leave Citi
Citi loses three in London office; RBS head of markets departs; Serafini joins Ice; and more
Clearing head Murray quits Deutsche for BNY Mellon
Murray will join BNY Mellon in a senior listed clearing role
Banks seek capital pill for accounting headache
IFRS 9 loan loss provisions should be offset by reduction in capital, banks argue
Industry fears grow ahead of Basel IRB consultation
Biggest share of bank capital at stake as regulators take aim at credit models
UK narrows carve-out for swap bail-in clauses
Non-EU derivatives contracts will have to be amended, say lawyers
Swiss eye Saron for risk-free rate
Working group considers one rate to rule them all
Bank names obstruct single-name CDS clearing
Ice is “working through” wrong-way risk issues, may need to revamp auctions
Europe will open gates to US CCPs, says Massad
CFTC adopts substituted compliance for European CCPs; US clearers still waiting on Esma approval
Benchmark reform could hit cross-currency basis
Traders criticise fragmented development of new risk-free rates
New research shows FVA is not part of P&L – Duffie
Pricing experts defend practices that resulted in huge FVA losses
Some European banks pricing in Pillar 2 CVA charge
But three dealers say it is too early to know whether corporate CVA exemption will be removed
South African banks may pool quants to tackle FRTB
Senior trader fears banks don't have quant resources to meet FRTB deadline
Banks save €3.5bn in swaptions compression drive
Capitalab removes €1.3 trillion notional, cutting capital requirements
People: Barclays’ Staley taps JP Morgan for CRO and COO
Morgan Stanley loses risk analytics head; Portney leaves JP Morgan; Goldman shuffles London office