European Investment Bank (EIB)
Climate stress tests are cold comfort for banks
Flaws in regulators’ methodology for gauging financial impact of climate change undermine transition efforts, argues modelling expert
Bonds and loans clash on Sonia compounding style
Choice of ‘lag’ method for sterling RFR loan conventions bars use of BoE index
Libor leaders: EIB sees prizes and pitfalls in Libor reform
Sonia bond trailblazer wants a single bond template for all RFRs, but found hidden devils in its debut
Brexit, EU regulation and a new benchmark
The week on Risk.net, July 28-August 3, 2018
Fed’s Quarles critical of opaque Libor data
ARRC chair Sandra O’Connor also questions IBA transparency
EIB shrugs off term RFR worries with Sonia bond plan
Issuer to use daily compounded, backward-looking rate with time lag for sterling benchmark
BBVA gets capital relief through synthetic securitisation
Second deal with European Investment Bank frees up balance sheet for lending
Unskewed incentives: making governance work
EIB model head explains a four-step process for putting risk at the centre of governance efforts
EU rapporteur says Mifid II is ‘too complicated’
Bankers claim new rules “trap liquidity”
EIB credit enhancement lures UK insurers to project bond
Capital efficiency of A3 bond tempts insurers
Insurer participation in testing European project bond debut ‘exceeds expectations’
Long maturities and improved rating lure firms into Spanish gas scheme bonds
ALM Europe: Basel right to rein in capital models, says EIB exec
Regulators should be more intuitive in their approach to capital levels, EIB treasury risk head tells conference
German insurers warn of Solvency II threat to infrastructure investment
Insurers keen to invest in real economy, finds BaFin study, but regulatory uncertainty holding them back
Legal & General eyes European infrastructure finance bonds
European Investment Bank set to launch project bond pilot scheme in September
US banks could lose competitive edge in Europe, says EIB
US regulations on mandatory clearing and uncleared margin could put US dealers at a competitive disadvantage in Europe, says EIB
More sovereigns edge towards two-way CSAs - and clearing
Towards two-way CSAs
Dealers predict CVA-CDS loop will create sovereign volatility
A recipe for disaster?
EIB to sell 300 million carbon units
European Investment Bank plans to sell 300 million EU carbon allowances
Bargagli-Petrucci says bye-bye to EIB
Bargagli-Petrucci says bye-bye to EIB
KfW now using two-way CSAs, dealers claim
Several sovereigns, supranationals and agencies are considering following Portugal’s lead and posting collateral to derivatives counterparties, say dealers