Bank for International Settlements (BIS)
Deutsche misses G-Sib surcharge cut despite EU score benefit
Carve-out of intra-bloc exposure lowers score below 230bp, but 1.5% surcharge remains
People: Masters moves into FNZ, Two Sigma founders step back, and more
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Triggers of August market ‘flare-up’ still in place, BIS warns
Leveraged positions remain at risk of sudden unwinding, as margin calls play amplifying role
People: New brooms at NatWest and Tradeweb; MUFG splits rates, and more
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Op risk managers say models will survive phase-out of AMA
Risk Live: Supervisory focus expected to shift to Pillar 2 capital, and ILM may make a comeback in Europe
People: Barclays’ macro trade reshuffle, UBS board moves, and more
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Cleared rate for CDSs dropped in H2 2023
Record five-percentage point decline driven by multi-name contracts
Cecilia Skingsley on monetary policy tech and a unified ledger
BIS Innovation Hub head discusses tokenisation, CBDCs and AI’s ‘black box problem’
People: Isda taps four new directors, O’Callaghan joins CA, Berlinski quits Goldman, and more
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Options market still searching for cause of the Vix plunge
BIS paper blames yield-enhancing structured products, but market participants are unconvinced
People: Risk shake-up at Santander, JPM juggles markets, and more
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Taming the systemic risk Hydra: 10 years of mandatory clearing
Regulators, clearers and market participants reflect on a decade of the clearing requirement
People: All change at Citi, new FX head at Nomura, and more
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Fed methodology adds as much as 2% to US G-Sib surcharges
Morgan Stanley’s binding add-on is three times as high as under Basel framework
Most G-Sib indicators hit all-time highs in tumultuous 2022
Trading volumes and payment activity among fastest-surging indicators
Margin failings raise concern over Treasury basis trade
Opaque models at clearing houses cast doubt on calculations for concentration add-on
Asia moves: Senior hires at Crédit Agricole, HSBC, Natixis and more
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People: Finma CEO quits, Citi’s dealmaking promotion, and more
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On-chain FX’s brave new world excites some, worries others
Trading tokenised versions of currencies on blockchain could slash settlement risk but sceptics raise concerns over liquidity and pricing
‘The nature of stress propagation has changed’
Leverage begets leverage, says BIS research chief Hyun Song Shin
People: Wipf hands ARRC reins to Phelan, Tyce heads to Nomura, and more
Latest job changes across the industry