Residential mortgages
Model revamp hikes UBS credit RWAs
Calculation tweaks made to scrap higher regulatory RWA multipliers
UniCredit sheds €10.5 billion in toxic loans
Net write-downs on all loans fell to €496 million in the quarter, down from €835 million in December, an improvement of 40%, as a result of improved asset quality
Westpac's capital charge rises as securitisation rule bites
Securitisation RWAs jump from A$1.4 billion under new standard
NAB model change boosts mortgage RWAs
Residential mortgage RWAs leap A$10.6 billion
Top 10 op risks 2018: mis-selling
Speculation rife among survey participants over ‘the next PPI’
Soaring Fed Home Loan Bank borrowings spark systemic risk fears
Parallels drawn with Fannie and Freddie as commercial bank borrowing from FHLBs nears $500bn
Canadian CROs play down threat of mortgage exposure
Burgeoning loan portfolios no cause for concern despite Moody’s downgrades, risk chiefs claim
Bank deal of the year: SG CIB
Risk Awards 2017: French bank found way to finance – and recycle – Czech mortgage bonds
Regulatory miasma makes life difficult for Ocwen CRO
Op risk veteran Marcelo Cruz says firm faces “absurd” quantity of rules in US mortgage market
Life firms look to build on mortgage lending success
Dutch approach could be copied elsewhere in Europe
Insurers weigh home-loan investment as efficient source of yield
Capital charge for residential mortgages under Solvency II makes buying loan portfolios more attractive, say bankers
Hedge funds, leverage and mortgages: why Fannie and Freddie's new deals worry some experts
Hedge funds have been keen buyers of the new mortgage risk-sharing deals issued by Fannie Mae and Freddie Mac, but as spreads have tightened, worries about leverage have grown. Some now argue mortgage finance requires a more stable source of capital. By…
Can ECB draw a line under European banking fears?
Before the European Central Bank takes on its new supervisory role, a planned asset-quality review should ensure it is not walking into trouble. That’s if the process is thorough, of course, and untainted by political pressure – sceptics say that will be…
Hedge funds expect more alpha in mortgage trades
Despite a spectacular run-up in prices since 2010, US residential mortgages continue to offer strong opportunities for hedge funds. Investors should continue to see gains throughout 2013
Swedish banks braced for home loan capital hike
A weighty issue
Regulatory differences could be behind RWA inconsistency, report suggests
Initial findings of a review led by the European Banking Federation suggests differences in regulatory regimes could be behind a divergence in RWA numbers
Credible capital: regulators prepare to tackle RWA divergence
Credible capital
The modification mistake: Joseph Mason column
The modification mistake: Joseph Mason column
New York Fed RMBS sales go smoothly
Auctions of AIG legacy portfolio delivering a solid result for the Fed
Lawyer warns of securities fraud lawsuits over foreclosure crisis
Bank of America faces lawsuit over charges of witholding information on failings, and others could follow
Bringing down the house
There is evidence to support the claim that the subprime mortgage crisis in the US may have had its roots in operational risk problems. But just what caused the crisis, and could it have been averted if the firms involved had robust op risk frameworks in…
US regulators may change Basel II rules, says Ferguson
The Board of Governors of the Federal Reserve System still has options to change the Basel II rules to allow for national discretion, according to Federal Reserve Board vice-chairman Roger Ferguson. The bifurcated system of Basel II application in the US…
QIS3 results released by Basel Committee
A paper outlining the results of the third quantitative impact study (QIS3) was released by the Basel Committee on Banking Supervision yesterday.