Federal Reserve
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
Isda chairman: US banks could be hamstrung by Dodd-Frank
Isda chairman warns House Committee on Agriculture that extraterritorial application of swaps proposals could make US banks less competitive
Firms face heightened op risk while implementing US CCP rules
Through a glass darkly
Fed to kick off annual stress-testing programme 'towards end of the year'
FRB building models to compare and benchmark bank results from late 2011
The great mandate debate: Jerry Tempelman column
The great mandate debate
‘US monetary policy is abnormal and deviant’: Steve Hanke profile
Steve Hanke profile
Yellen defends IMF proposals on capital controls
Federal Reserve vice-chair takes Fund line on framework to tackle capital inflows; follows criticism of framework from Indian, Brazilian officials
New York Fed RMBS sales go smoothly
Auctions of AIG legacy portfolio delivering a solid result for the Fed