Risk magazine/News
ECB’s Mersch says macro-prudential policy is not a panacea
Executive board member says there is much to learn about how macro-prudential tools work
FVA models overstate costs – Risk.net poll
Just over two-thirds say the current FVA approach is wrong
Mifid II threatens end to ‘mates’ rates’ in OTC market
Transparency rules for bilateral trades will end relationship-based pricing, banks warn
Bank swap books suffer as CME-LCH basis explodes
Per-bank losses estimated at $20m; CME could lose business
Esma official slams CFTC margin rules
US rules driven by competitive rather than prudential concerns, Planta charges
EU supervisors want better data, securitisation stress tests
Better disclosure requirements could allow investors to perform tests
Forex algos revive US rates trading at UBS
Rejigged algo behind doubling in volumes - Swiss bank aims to repeat trick in swaps
Leverage ratio begins to bite for forex derivatives
Capital-intensive rule for banks likely to hit clients with higher costs
Finma's Branson calls for Basel leverage ratio hike
"The world has moved on" since the 3% minimum was set, he says
Mifid II liquidity data described as 'garbage'
Regulators have rejected requests to share underlying data set, critics claim
Constâncio suggests new shadow bank powers for Esma
Vice-president says securities regulator could be given new powers
BIS research posits test for unsustainable credit growth
Method could provide early-warning system
CME forex fix questioned in new lawsuit
Possible listed forex futures and options manipulation brought to NY court
Regulators to put CCP risks under microscope
CPMI-Iosco stress-testing quiz will be precursor for broader risk review
People: JP Morgan names co-heads of rates trading
Bank veterans Bristow and Pluta promoted to global co-heads, reporting to Rohrbaugh
BNP Paribas appoints across three continents
New Brazil and Australia country heads and senior hires in Switzerland
Banks struggle to make strategy calls as rules pile up
Isda AGM: Interaction between some rules “very, very convex”, says Deutsche exec
Nomura reviews viability of swaps clearing business
OTC clearing service in Europe and US may face the chop
Basel lacks data to judge FRTB impact, critics claim
Isda AGM: Proposed trading book rules are “nuts”, says Ramambason of BNP Paribas
DE Shaw sees $65m swaps margin threshold as exposure cap
Isda AGM: Hedge fund plans to share non-cleared swaps around to reduce trading costs
Massad: Sefs fear retaliation if they end name give-up
Isda AGM: CFTC chair is "very concerned" by claims that firms are being shut out of Sefs
Isda: majority of swaps users believe market is fragmenting
Isda AGM: increased cost of hedging biggest concern in end-user survey
JP Morgan exec questions bond collateral double standard
Isda AGM: CME applies 20% margin haircut while LCR hits banks with 50% cut
SEC's Piwowar: FSB "knows nothing" about insurance, asset mgt
Isda AGM: SEC commissioner rejects idea of expanded role for FSB