Regulation

ESMA proposes ‘no-deal Brexit’ rule change for novation of uncleared OTC derivatives

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The European Securities and Markets Authority (ESMA) has published a final report with draft regulatory technical standards (RTS) on the clearing obligation under the European Market Infrastructure Regulation (EMIR).

In the event of a no-deal Brexit, the report proposes a limited exemption in order to facilitate the novation of certain non-centrally cleared OTC derivative contracts to EU counterparties during a specific time-window.

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Brexit will drive regulatory changes within MiFID II review, says MEP Swinburne

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Brexit and other European political factors will be the main driver of any European regulatory change in the near future, including any changes to MiFID II or the introduction of MiFID III, according  MEP Kay Swinburne.

Delivering a keynote address at the Fixed Income Leaders Summit, MiFID II author Swinburne highlighted the UK’s upcoming departure from the European Union in March next year as key influencing factor on how regulatory change may play out.

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SA-CCR for US Banks

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Bill: This is a good post on how the multiple exposure calculation methods may change for US firms. 


The US is introducing SA-CCR to calculate derivatives exposures in 2020. We look at the consultation. We compare add-ons under SA-CCR and the old CEM methodologies. Clarus offer FREE TRIALS of SA-CCR for Excel. SA-CCR Consultation The Federal Reserve, OCC and FDIC have launched a joint consultation on SA-CCR, the Standardised Approach to Counterparty Credit […]

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Price caps – now in vogue?

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Caps

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Oversight of delegation in fund management – what are regulators focused on?

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Delegation

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Capital and RWAs of top European Banks – 2017 to 2018

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It is a year since we last looked at the Capital and RWA of European banks, so today I will look at what the past year’s data shows. Background One of the lessons learned from the Great Financial Crisis was that Banks were under capitalised commensurate to their risk exposure; leading to new Basel III […]

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Capital and RWA for European Banks – 2017 to 2018

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In my previous blog I observed the trend in Capital Ratios of the top six Tier 1 US Bank from the 1Q 2017 to 2Q 2018. The analysis revealed that all Banks had Capital Ratios well above the minimum requirement set by the Basel III Accord. I wanted to look at the figures and trend […]

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Capital and RWA for Tier 1 US Banks – 2Q 2018

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Last year we wrote about Capital Ratios and Risk Weighted Assets for Tier 1 US Banks and that blog remains popular to this day. Today I will provide an update using the latest quarterly figures, to see if the trend we observed with US Banks increasing capital and reducing RWA has continued into 2018. Background The Basel […]

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London calling: how the Risk Transformation Regulations can facilitate the next generation of ILS

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78121933

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