Articles by Mark Pengelly
Risk & Return Canada: CBA slams ‘regulatory risk’
Policy head at Canadian Bankers Association expresses fears about side-effects of regulation; other speakers complain about "alphabet soup" of new rules
Risk & Return Canada: CCPs won’t stop future crises, says academic
Central counterparties a ‘Maginot line’ that won’t prevent financial breakdown, argues Queen’s University at Kingston assistant professor
US and EU banks face different Basel III floors
Regulators propose overhaul of US capital framework in long-awaited response to Basel III and Basel 2.5 - but there are differences to the European version of the rules
Velocityshares implosion puts leveraged ETNs in the frame
Terminal Velocity
Q&A: William Dudley on global CCP standards
Central counterparties are about to take centre stage in the revamped over-the-counter derivatives markets – a development that has given rise to a set of global principles for their management and supervision. William Dudley, president of the Federal…
Reviving securitisation: regulators send mixed messages
Reviving securitisation
Credit Risk USA: Real estate, rates and bank competition a concern, says OCC
Deputy comptroller gives sneak-preview of possible systemic threats that will be highlighted in a forthcoming OCC report
NY Fed's Dudley fears CCP capital 'cliff effect'
Supervisors should ensure the capital regime for cleared trades avoids a sudden leap in risk weights, says New York Fed president
No more Fed letter commitments expected, says Dudley
New York Fed will "stand down" as the CFTC and SEC "stand up", says New York Fed president
The ETN that grew too fast
The ETN that grew too fast
Isda AGM: Euro crisis drives up collateral, finds survey
Trouble in the eurozone is increasing collateral in over-the-counter derivatives market, according to Isda
Cross-border confusion between domestic clearing houses
Cross-border confusion
A regulatory Catch-22: bail-in plans collide with Basel's NSFR
The funding squeeze
US clearing head leaves Morgan Stanley
New York-based client clearing head leaves as OTC clearing competition hots up
Canada clearing paper will not address CCP location question
A consultation on OTC clearing is expected in the coming months, but a key question will not be answered
Bail-in plans could undermine Basel's NSFR
Basel III rules that require banks to issue an estimated €2.7 trillion in long-term debt could be thwarted by plans to make investors accept losses
Sovereign CDS market needs to learn lessons from Greece, dealers say
An auction to settle the Greek sovereign CDS goes smoothly, but some participants argue the documentation needs to be revisited
Dealers worry about risk of $500bn overnight liquidity drain
Dealers are concerned that intra-day margin call guidelines, which they claim could drain up to $500 billion from financial markets, could make it into final CPSS/Iosco principles
Beyond Basel 2.5: regulators prepare trading book review
Beyond Basel 2.5
Greek auction result could undermine CDS use
An early trigger is unlikely, but fears of distorted auction outcome remain – and could undermine the use of credit default swaps as a hedge, say market participants
Ambition of Basel's trading book review has faded, sources say
Patchwork of risk measures - including standalone CVA charge - may be left intact
Walter joins Ernst & Young
Former Basel Committee secretary-general returns to New York in regulatory consulting role
Dealers agree standard index CCDS documentation
The development of an index CCDS product will help market participants hedge counterparty risk, say proponents
Tri-party repo taskforce to disband without delivering key reform
The New York Fed's concerns about intra-day credit should be tackled by JP Morgan, BNY Mellon and DTCC, an industry taskforce concludes