Federal Reserve
Prop trading ban set to crimp market-making and hedging activities
Putting a stop to prop
Political pressure will come to bear on US margin rules – Risk.net poll
More than half of respondents expect regulators to back down over extraterritoriality application of margin rules
Foreign regulators leave US isolated on uncleared margin rules
The extraterritorial application of US uncleared margin proposals will make it tough for US banks to compete with their foreign counterparts unless the proposals are copied by regulators elsewhere
Risk Japan 2011: Mizuho Securities CRO praises Fed's Jackson Hole position; looks to Japan's new prime minister on JGB security
During a question and answer session at Risk Japan 2011 in Tokyo today, Mizuho Securities chief risk officer, Kenji Fujii, tells delegates Fed chairman, Ben Bernanke, was right not to have announced a new wave of quantitative easing last week. He also…
Options traders braced for further SNB intervention
Demand has switched from downside euro/Swiss franc options to upside options in anticipation of further Swiss franc weakening measures from SNB, say senior options traders
US 'shooting itself in foot' with derivatives margin rules - Issa
Congressman Darrell Issa attacks margin rules that threaten to isolate US banks. Foreign regulators say they have no plans to copy the proposals
How the link between credit and economic growth has broken: Joseph Mason column
After the financial crisis of 2008–9, authorities needed to 'rehabilitate' corporate debtors to improve their creditworthiness. Why have they failed?
LTCM had ‘too much risk to be sustainable’ says Myron Scholes
Collapse of Long Term Capital Management was due to excessive leverage and shows perils of over-reliance on classical portfolio theory
Finding Volcker rule metrics will be tough, dealers warn
Crop of the props
US inflation market divided on huge 30-year Tips short
When Tips don't pay
Perverse capital
Perverse capital
RBS handed Fed cease-and-desist order over risk failings
Deficiencies in corporate governance and risk stretch back two years
Dealers struggle to develop metrics to spot prop trading
Banks considering a variety of measures to identify proprietary trading and so meet the requirements of the Volcker rule, but none is foolproof, say dealers
Fed aims for summer Sifi regulations
Bernanke says Fed expects to issue proposed rules on Sifi oversight this summer; also 'on schedule' to implement Basel III
Fannie Mae says FHFA's margin rules would drive up hedging costs
US mortgage giant says segregating variation margin will hurt FHFA- and FCA-regulated entities, and create new funding obligations for swap dealers
Credit investors nervous over withdrawal of QE2
Credit investors nervous over withdrawal of US quantitative easing programmes
Europe lax on RWA calculations, says Bair
FDIC chairman warns of international divergences on risk-weighted assets
US regulators uneasy with Collins Amendment
Bank supervisors echo industry concerns about Dodd-Frank capital and leverage rules
US margin proposals could lock down $2 trillion in assets
Requirement for banks to post initial margin when trading with each other will result in huge amounts of liquid assets being locked down, according to analysis by one US prudential regulator
Banks worry over extraterritorial impact of Dodd-Frank
Reaching too far?
US banks may lose sovereign clients over margin rules
US banks may lose sovereign clients over Dodd-Frank margin posting rules