Key Topics

The Swing Away from Models

The Basel Committee on Banking Supervision has a busy few months ahead if it’s to achieve the ambition of global policy-makers to finish the latest round of measures before ...

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Internal Model Pushback

The Basel Committee’s efforts to increase the comparability of risk-weighted assets has gained momentum in 2016, but risk managers warn that simplifying the capital framework ...

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Standardised Shortcomings

Regulators hope to make capital calculations more transparent by limiting internal modelling, but the use of more standardised approaches could actually make the process ...

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Market at Risk

ISDA-led analysis suggests the FRTB could cause a capital hike of as much as 140%, and participants believe a failure to tackle concerns over internal model ...

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Interview: Thomas Hoenig, FDIC

“They Need More Capital” The concept of risk sensitivity has been central to regulatory capital requirements since the rollout of Basel II, but Thomas Hoenig, vice-chairman of the FDIC, says risk-based capital measures have flaws. The primary focus should be on the leverage ratio, he tells IQ: ISDA Quarterly – and he believes bank capital levels need to be stronger ...

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Cross-border Challenges

The introduction of margining requirements for non-cleared derivatives is the last of the major G-20 derivatives reforms to be introduced, but cross-border issues are proving challenging Regulators haven’t had the greatest track record in recent times when it comes to cooperation, especially ...

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Reforming Reporting

Dual-sided reporting regimes adopted in some jurisdictions have proven costly and over-complex. Regulators should adopt a single entity-approach to improve access to data and allow for global harmonisation of reporting standards, ISDA and other industry associations argue Regulators now have more derivatives

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Liquidity Split Persists

Nearly three years on from the introduction of US SEF rules, the euro interest rate swaps market continues to be overwhelmingly traded between European counterparties in Europe, with little participation by US dealers When the Group-of-20 nations agreed their ...

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Snapshot of Asia-Pacific

Good progress has been made in implementing new regulatory reforms in Asia-Pacific, but the derivatives markets are braced for a new wave of clearing mandates, capital requirements ...

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Asia-Pacific: A Pragmatic Approach

Eric Litvack, managing director at Société Générale and ISDA chairman

Regulators across Asia have taken a cautious and practical approach to derivatives reform, but with each market pursuing its own objectives, further coordination may be needed to ...

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