Liquidity
Industry urged to stop fighting Basel III and negotiate transition period
Banks should focus on the timeline for implementation and stop resisting the Basel reform package itself, say regulators
When market and credit risk collide
The financial crisis highlighted that interactions between market risk and credit risk could expose banks to greater risks than had been assumed. Banks are responding by altering their structure and the models they use – but it is by no means an easy…
Hopes grow for liquidity risk recalibration
Conservative concerns
Credit spread widening fails to generate buying interest
Despite spreads widening last month to more attractive levels, investors remain cautious on expectations of a prolonged period of volatility for the credit markets.
The true source of liquidity in financial markets: Caveat Emptor column
Liquidity – its origins and effects – have long exercised investors, but one thing is certain: banks are not the main source of liquidity, despite what they would have us believe.
Goodhart: CoCos 'not silver bullets' for bank capital reform
Regulators should ban dividend payments or curb banker pay to conserve cash, instead of championing Cocos, says economist
Valukas' findings challenged by Lehman lawsuit against JP Morgan
Intra-day credit debate re-surfaces as Lehman Brothers Holdings (Inc) (LBHI) accuses JP Morgan of coercing it into agreements that allowed JP Morgan to get hands on collateral
Risk Europe: Changes to liquidity ratios likely, say regulators
Bank supervisors may look to recalibrate liquidity proposals under Basel III following industry comment.
Get to grips with liquidity
New liquidity risk measures due to be adopted in forthcoming international bank capital rules will present risk management systems with significant challenges. Christopher John Brickhill discusses some of the most pressing issues and offers potential…
Pass the microphone: Nodal’s Cusenza to LCH.Clearnet’s Grensted
In this month’s Pass the Microphone, Paul Cusenza of Nodal Exchange puts his questions to Simon Grensted, Managing Director, Business Development, at LCH.Clearnet
Banks call for Basel III rewrite as QIS exercise ends
The industry hopes the impact study will lead to a rewrite of proposed new rules on capital, liquidity and leverage.
Swiss tighten liquidity rules for biggest banks
Swiss Financial Market Supervisory Authority and the Swiss National Bank clamp down on UBS and Credit Suisse through stricter liquidity regime
Tightening up
Building a robust liquidity risk management system is the top priority at many banks and insurance companies, ahead of the expected introduction of tough new liquidity risk regulations this year and the easing of government support for many financial…
Hedge funds targeted by SEC large-trader reporting proposal
An SEC proposal targets high-frequency trading and fund managers in particular.
Credit data vendors focus on liquidity metrics
Vendors and their clients are focusing on the implementation of liquidity analytics to boost credit risk management
US regulators release inter-agency liquidity risk guidance
Inter-agency funding guidance from US federal banking agencies seeks to learn lessons from the liquidity crisis.
Sponsored statement: Standard Chartered – winning for clients in Asia, Africa and the Middle East
Standard Chartered delivered an impressive set of results for 2009 even as its competitors across the world continued to suffer the fallout of the financial crisis. Group head of financial markets, Lenny Feder, talks about the successes of the year and…
Risk corporate survey 2010
Price is still the most important factor for corporates when choosing which dealer to trade with. However, a wide divergence in pricing among banks means transparency is now a key issue. By Matt Cameron, with additional research by Alexander Campbell,…
Reconsidering the fixed-floating mix
Yield curves for sterling, the euro and the dollar are the steepest they have been for well over a decade, leaving companies with outstanding fixed-rate debt and large amounts of cash on balance sheets facing significant negative carry. Many corporates…
A sting in the tail
After recent financial turmoil, market participants are thinking much more rigorously about ways to protect themselves against the possibility of rare but extreme events. However, effectively hedging tail risk is not straightforward. By Mark Pengelly