News
March margin deadline may force clients onto new CSAs
Dealers say they lack capacity to renegotiate thousands of existing collateral agreements
Hedge funds warned of crowding risks
Crowding is the “biggest challenge” facing the hedge fund industry, CRO of Point72 says
Banks plan risk factor exclusion to avoid FRTB surcharge
Firms hope to leave out non-modellable risk factors deemed "immaterial"
Liquidity stress testing ‘essential’, says ECB supervisor
Supervisor warns conference banks will need to shape up their Ilaap responses for 2017
Banks missing margin transfer deadline due to timezone clash
Euroclear shuts at 12:15pm New York time, causing some US banks to miss T+1 cutoff
BoE lays out blueprint for RTGS reboot
Central bank plans “comprehensive rebuild” of payments platform
Fears rise that Asia will miss March 2017 margin deadline
India, Australia, Singapore and Hong Kong have yet to publish non-cleared margin rules
Icap plans to streamline SSI processing through automation
AI and blockchain may not be way forward, sceptics warn
Quant jobs at risk from tech advances
But humans and 'intelligent' computers a strong combination, hedge fund managers say
Negative Euribor erodes securitisation profits
Implicit floors in notes leave originators facing cost of negative rates on hundreds of tranches
Priips in disarray as nightmare scenario looms for issuers
MEPs send structured products rules back to drawing board as Eiopa chief calls for delay
EU net margin rules are riskier than US regime, warns CFTC
Commission’s Bandman raises margin financing as emerging systemic risk to CCPs
Buy-side risk managers doubt own liquidity metrics
Risk Hedge Europe attendees say they lack formal measures of liquidity
IMF's systemic risk findings called into question
Financial connectedness measure “not usually sharply aligned with systemic risk”, says Darrell Duffie
Volatility fears obstruct China Treasury futures growth
Commercial banks barred despite support for their entry from securities regulator
Basel to allow IRB models for low-default portfolios
Impact studies showing significant capital increase prompted committee rethink
Central banks eye advantages of digital currencies
BoE economist says digital currencies might improve real policy rates, tax rates and bank competition
Margin rules push interdealer inflation swaps to clearing
Traders say 95% of the market now cleared, compared with 10% a month ago
Two-regime approach saves up to 30% op risk capital
Modelling shift to 'crisis mode' mitigates pro-cyclical calculations
Central banks are not fintech accelerators – Bundesbank
German payments authority says fintech should receive equal regulatory treatment to banks
CFTC split as it endorses Japanese margin rules
Substituted compliance ruling means parties will not face worst-of-both-worlds regulation
Fed presidents push back against calls for governance reform
Current arrangements protect independence, argue George and Lecker
Man AHL investors profit from artificial intelligence
Hedge fund puts clients’ money in machine learning and seed capital in deep learning
People: ASX drafts in Stevens to replace ousted chief executive
Dominic Stevens new chief exec at Aussie exchange; SG's prime services Japan hire; new CROs for Axa and Allianz; and others