Articles by Joel Clark
Merkel's EU bailout plan threatens Basel’s sovereign zero risk weights
Discussions are already under way behind closed doors, knock-on effects for bank capital could be substantial
Extra capital needed for institutions deemed too big to fail, FSB warns
FSB sets out broad direction for special treatment, but admits the possible need for national discretion.
Correlation dislocation
Macro hedging in disrepair
European Parliament sets up future Basel III flashpoints
European Parliament sets up future Basel III flashpoints
Regulators struggle to tackle pro-cyclicality
Tackling pro-cyclicality
Back to the drawing board for trading book rules
Throwing the book
The future of the Fed letter commitments
Changing commitments
Basel III: fit for purpose?
Quick change
Basel Committee stalls on key element of counter-cyclical plans
Market participants cast doubt on the collective strength of multiple measures to mitigate pro-cyclicality in Basel III.
Debate swirls over merits of CoCos and bail-in debt
Banks are anxious to find cost-effective capital structures that will be attractive to investors and acceptable to regulators.
City of London lobbies Treasury to defend UK's influence in OTC derivatives
Expert paper calls on HMT to ensure EU legislation on clearing and reporting doesn't damage London's dominance or inhibit market activity in particular asset classes.
Recovery has lost steam and risks remain high, IMF warns
IMF's latest financial stability report strikes a cautionary note about the stalled economic recovery
Basel Committee deals with political reality
Quick change
Basel's new 7% equity capital minimum met with relief
Basel's new 7% equity capital minimum met with relief
Future of OTC operational commitments under review
OTC derivatives legislation prompts rethink of industry letters to the New York Fed
Basel III: Banks fret about return on equity
Investors could shun bank equity if higher capital levels cause returns to slip
EC finalises OTC rules, leaves key technical items to Esma
Corporate hedgers claim a victory, but details on clearing eligibility and thresholds to be tackled by new authority.
MEPs win out on powers for new European supervisory bodies
Pan-European authorities will have the power to impose emergency measures and intervene with financial institutions, after parliamentarians gained ground in compromise agreement
New projections on economic impact of Basel III at odds with IIF estimate
Analysis by the Macroeconomic Assessment Group shows a smaller impact from higher capital ratios than an earlier industry report.
A crucial month for Basel III calibration
Implementing change
Basel Committee defends adjustments to Basel III as calibration decisions loom
Regulators describe difficulties ahead as they prepare for Basel III calibration and transition decisions in September
Regulators tout new impact studies as proof of Basel III’s viability
Basel Committee and FSB studies play down the economic impact of Basel III - proof, regulators say, that the reforms are fit for purpose.
Basel Committee sets out plans for completion of Basel III
Regulators announce a longer transition period and changes to CVA charge