Regulators
Giant EU banks grow asset share over four years
Share of assets held by five largest banks in the median EU member state hits 65%
Overseas loans to US crept up in Q4
But rate of loan growth to US borrowers fell throughout 2018
Bond binge accelerates at eurozone insurers
Annualised growth rate of debt portfolios hits new high of 2.6%
Short-term bets push interest rate option volumes higher
Open interest in short-dated contracts surges 23% from December to March
Citi, Goldman, State Street add $685m of complex assets
Private equity, asset-backed security and loan holdings drive increase in Level 3 instruments
UK public sector offloads swaps
Gross derivatives outstanding with public entities stood at £5.9 billion in Q1
Eurozone systemic risk diminishes
Yet jumbo exposures to other banks dominate intra-system assets
Over four years, US non-cleared swaps books get riskier
Risk density of non-cleared trades has increased under standardised approach
Germany plans countercyclical buffer hike
Iceland, Bulgaria and France have also increased add-ons year-to-date
CDS sold by US banks down $55bn in Q1
JP Morgan cut CDS notionals the most, shedding $36.8 billion from its portfolio
JP Morgan cleared swaps balloon $8trn in Q1
Total G-Sib cleared notionals climb 23% in three months to end-March
G-Sibs add $33trn of OTC notionals in Q1
JP Morgan expands swaps book by 23% in first quarter
US banks demand high rates for overnight loans
Most banks demand 25bp-plus spread over IOER to lend unsecured
Systemic risk scores surge at six US G-Sibs
JP Morgan and Goldman Sachs bump up against higher-risk surcharge thresholds
Eurozone securitisation engine sputters in Q1
Holdings of eurozone bank loans by SPEs are contracting
Most US G-Sib assets attract low risk weightings
Of total assets, 53% have a standardised risk weighting of 50% or lower
Over four years, US banks blitz correlation trading risks
JP Morgan’s CRM charge has fallen 94% since Q1 2015
US G-Sibs keep on expanding repo books
JP Morgan has increased repo exposure by 34% year-on-year
US units of BBVA, BNPP, TD Bank post VAR breaches in Q1
TD Bank losses on one day exceeded VAR estimate by 195%
Five US banks had fewest down days since 2015 in Q1
BofA Securities, BNY Mellon, Citi, JP Morgan and Wells Fargo had most 'up' days in four years
EU’s model study finds problems with bank VAR methods
Banks surveyed by the ECB had an average of 32 issues with their market risk models
Most Basel members have yet to adopt TLAC
Many countries also behind on implementing SA-CCR, NSFR, securitisation framework
JP Morgan hoovers up $1.5bn of client margin in Q1
Total required client margin held by bank increases 13% quarter-on-quarter
Easing of euro OTC trade terms anticipated – ECB
Financial strength of counterparties and competitive pressures could cause easing