systemic risk

Catalyst's Stephen Loosely questions if clearers and clearing houses are going far enough with stress testing and suggests a wider testing of assets and liabilities is crucial to effect risk management.

Clearing houses stress test the cleared liabilities of their members to protect themselves against extreme losses in a default. Regulations direct what stress testing should provide for. On the surface, it looks like we’re all safe. But we’re missing something big.

The WMBA's Alex McDonald discusses how aggregated reporting of trades executed via trading facilities and interdealer brokers can provide the information on key market risk factors and trade activity required to allow for greater market supervision and transparency

Regulatory reform still faces delays and disagreements between the US and UK, which could have dire consequences on the derivatives industry if harmonisation is not achieved and all potential implications are not given appropriate attention. Roger Barton of Financial Reform Consultancy offers his personal predictions and questions to be answered regarding EMIR, MiFID II, systemic risk and global regulatory harmonisation.

In this Webinar, experts explain the impact of regulation on reporting and data management and explore how financial institutions can improve operations to meet new OCR and OFR reporting requirements

The Basel Committee on Banking Supervision issued today its rules for global systemically important banks (G-SIBs).

Today's publication, Global systemically important banks: Assessment methodology and the additional loss absorbency requirement, sets out the Basel Committee's framework to identify G-SIBs, the magnitude of additional loss absorbency that G-SIBs should have, and the arrangements by which the requirement will be phased in.

Representatives from central banks, ministries of finance, and supervisory agencies from 34 advanced and emerging market countries gathered in Washington today to discuss ways to reduce system-wide risks in the global financial system and how to improve the so-called macro-prudential policy framework.

In a Q&A, SunGard’s Tony Scianna explains how financial institutions can build data management infrastructure to support new regulatory requirements and enterprise-wide risk management practices.

The Federal Reserve Board on Tuesday requested comment on a proposed rule that implements two provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act related to the designation by the Financial Stability Oversight Council of systemically important nonbank financial companies for consolidated supervision by the Board.

Economic and monetary affairs 

European Central Bank President Jean-Claude Trichet was questioned in Parliament’s Economic and Monetary Affairs Committee on Monday about his views on the functioning of the newly established European Systemic Risk Board (ESRB), of which he is also the President.