European Central Bank (ECB)
Public interest loophole casts doubt on EU banking union
Bondholders face fresh uncertainty about European use of bail-in, critics warn
U-turn on SMA comparability sparks anger
The Basel Committee’s retreat on a risk sensitive standardised approach for operational risk capital has some market practitioners despairing, although others spy an opportunity for national regulators to spark a revival in more intuitive op risk…
The price is still wrong: banks tackle bond CSA discounting
Diverging Eonia and European repo rates spur banks to look at valuations of swaps with bond collateral
BoE warns of potential disruption to clearing business for EU firms
Fragmentation of market-based finance could result in greater costs and risk for European Union and UK companies
ECB requests powers to regulate CCPs
Brexit heightens concern over importance of central counterparties
ECB and Esma would call shots on euro clearing
Proposals give central bank and regulator the power to bar biggest third-country CCPs
Caught in the branches: Japan rebuffs EU ring-fencing plan
Proposed rules for foreign banking group supervision will disrupt business and resolution plans, says JFSA
Banks diving into credit data pools as official support grows
European regulators embrace external data for internal modelling of credit risk capital
EU regulators prepare to close Brexit loopholes
Isda AGM: new guidelines aim to prevent EU brass plates with large London operations
Power struggle: EU battles for supervisory convergence
European Commission’s review of the three supervisory authorities fraught with difficulties
How Europe can fix the Basel IRRBB standards
Building an outlier test for interest income would be better than the standardised EVE approach
Euro clearing location paper due on June 28
Short precursor on Brexit-related initiative expected on May 4, alongside Emir review
Time to talk about settlement risk
Quants are proposing netting or the use of CLS Bank to remove Herstatt risk in margined trades
EU capital revamp paves way for corporate CVA charge
Draft directive offers national regulators power to override controversial exemption
ECB rate risk stress test renews fears over internal models
Banks alarmed by short timeline and opaque supervisory use of IRRBB stress test
Model risk managers eye benefits of machine learning
Banks are straining to comply with regulator-drafted guidelines introduced to prevent banks suffering losses from decisions based on poorly crafted models. This burden is pushing some firms to explore opportunities afforded by machine learning…
Banks calm on Eurex-LCH basis volatility
Past basis blowouts prepared banks for movements, say traders
Regulatory blitz weakening model risk management, say banks
Smaller banks’ modelling practices under growing scrutiny, but ability to comply is stretched
CCP margining not procyclical, research suggests
Excess collateral acts as buffer in 10 years of data at unnamed CCP
Draghi’s euro-exit redenomination hedge
Marcello Minenna says new ECB policy effectively hedges QE bond purchases
EC rebuffs euro clearing relocation policy in Emir review
UK pushes back against French demands to shift CCP business post-Brexit
Why EU banks still refuse to die
A year on since BRRD came into force, the debate on taxpayer bailouts is far from resolved
National authorities rebel against BRRD state aid limits
EU single resolution board will “never have any work to do”, lawyers predict
EC could use thresholds to squeeze London euro clearing
Most euro clearing could be repatriated after Brexit without hitting other jurisdictions