Reserves
Fed reserves $749bn above banks’ ‘comfort levels’
Lenders could shed excess reserves by up to 61% without breaking a sweat
Generali accelerates pivot to ‘capital light’ products
Tilt to unit-linked products helps relieve capital burden
UK bank misconduct charges dwindle
Six of seven stress-tested banks report 50% fall in legal and regulatory reserves
Accounting change dents Aussie bank earnings
Four largest Australian lenders lose about $2bn in earnings on the switch to new accounting standard AASB 9
HQLA savings may hit $52bn for big three US regionals
US Bancorp could slash HQLAs by $24 billion if ratio is set at 70% for Category IIIs
BMO’s loan loss reserves climb
Canadian bank reserves increase C$26 million quarter to quarter
Commonwealth Bank hikes loan reserves on accounting switch
Provisions rise 38% on July implementation of AASB 9
RBS puts RMBS woes behind it, draining capital
DoJ settlement incurs 50bp CET1 ratio charge
Prudential grows long-term care reserves, draining profits
Annual actuarial updates take net $160 million away from adjusted operating income
Poor governance is top factor in insurer failures – Eiopa
Internal governance and control risks primary cause of 14% of failures
JP Morgan, Wells Fargo excess reserves dwindle faster than Fed average
Total banking sector excess reserves have dropped 5.8% since Fed "normalisation" began
The case for draining excess reserves
The financial system can operate efficiently with $500 billion or less in reserves after normalisation
Fishing for Sifis: row over Nobel laureate’s risk model
Engle’s tool for ranking risky firms is one of many that are dividing industry, academics and regulators
The impact of model risk on capital reserves: a quantitative analysis
This paper analyzes and quantifies the idea of model risk in the environment of internal model building.
You win some, you lose some
Regulators cannot always be as tough or as lenient as they would like
New York defies NAIC on principle-based reserving
Superintendant Lawsky introduces new formula-based methodology
German insurers respond to ZZR reserve squeeze
That sinking feeling
State regulators turn fire on NAIC over principle-based reserving
New York commissioner publicly breaks ranks claiming new system will be ineffective
US industry at odds over future of XXX captives
Competing solutions to A/XXX reserving proposed as Moody’s warns use of special-purpose vehicles ‘credit negative’