Europe
In ongoing drive, Shell slashes debt by almost $8 billion
Gearing ratio down 220 basis points year to year
BBVA gets forex model update from ECB
Foreign exchange risk added €366 million in capital requirements in 2017
ECB mulls response to French leverage ratio exemption
Supervisor could rewrite justification annulled by EU General Court, or appeal the ruling
Santander shakes off toxic loans
NPL ratio 145bp lower than at time of Banco Popular takeover
Dread of cyber attack and data theft grows at EU banks – survey
More than 60% of respondents predict a rise in op risk
Deutsche Bank cuts leverage exposure by 6%
Repo exposures absorb brunt of reductions
EU must think big to overcome Brexit’s impact on markets
Post-trade reforms offer lessons for Capital Markets Union project, writes EU lawmaker Kay Swinburne
Leverage ratio redux: the fallout from French bank court win
EU countries could seek to benefit from exclusion of state-backed deposits from leverage ratio
New accounting clips EU bank capital
IFRS 9 capital impact largest on Irish and Bulgarian dealers, EBA health check shows
GDPR uncertainty could spell trouble for machine learning
Advisers warn of discrepancy in advice to regulators over automated decision-making
SOFR, leverage and life after London
The week on Risk.net, July 14-20, 2018
US banks more cramped by stress tests than global peers
Five out of six US dealers adjust capital based on stress scenarios
EU banks get different MREL levels and deadlines
Average bail-in requirement is 28% of RWAs
Nordea plumps bail-in buffers as it moves to Finland
Nordic bank plans €10 billion senior non-preferred debt issue by 2021
Shut the window: EU Parliament tackles leverage loophole
EU banks may have to calculate leverage ratios daily, potentially hitting their repo market share
Poor governance is top factor in insurer failures – Eiopa
Internal governance and control risks primary cause of 14% of failures
Veteran structurer Paul Fulcher to leave Nomura
Structurer for insurers and pension funds departing at the end of September
Brexit threatens some swaptions trades
Force majeure clauses could be triggered on physically settled contracts
Q&A: French regulator defends bank rules for prop traders
ACPR official wants to set asset threshold for full CRR application below current €30 billion
Symphony bots march on Bloomberg
New chat system touted as sales and trading game-changer, as banks build hundreds of add-ons
Generali boosts capital with sale of German unit
Offloading Generali Leben will bolster group's SCR by 2.6%; Generali Deutschland's by 43%
Eonia woes hold up euro swaptions switch
Eleventh-hour derailment for project that has been in the works for a year
French regulator: we are not the Brexit bogeyman
AMF denies pursuing relocations from UK, but calls on EU27 to build its financial markets
Implementing Basel III – the view from Europe
EU approach to new credit risk framework must recognise local market structures, say banking experts