New US capital requirements for market risk will enter into force around six months after those in the EU. Some worry about the impact on competition... but project managers would rather have an earlier deadline that keeps their budgets intact. risk.net/regulation/795…

Intriguing investigation from Luke Clancy. Accounting strategy that worked well for clearing banks in the low rate environment has now backfired... risk.net/risk-managemen…

Dunno, this feels like a classic tactical trade-off from Khan: give away the zero emissions zone he wasn't really sure about anyway, keep the ULEZ expansion he definitely wanted.

Using government money market funds as swaps margin: smart move to solve collateral shortages, or route to creating new risks? risk.net/regulation/795…

2 stories today with same theme: bankers on both sides of Atlantic wondering if stress tests are getting stale, and suggesting multiple scenarios as a way to make them more relevant for risk management: risk.net/topics/stress-…

US bank lobbyists now kind of blatant about trying to delay Basel III until after the presidential election next year, presumably hoping a Republic candidate will win and their appointees will then gut the whole thing.

LME's exchange tore up nickel trades in March 2022 to protect its clearing house. One is regulated by the FCA, the other by the BoE. Outstanding investigation from Luke Clancy on the possible gaps in UK regulatory model. risk.net/regulation/795…

Did FDIC do the right thing during SVB crisis? hubs.li/Q02c7L190

How do you validate a bank model for climate risk? With difficulty... risk.net/risk-managemen…

So many questions. How do fishes do acupuncture? In fact, how do they respond to Fed consultations about Basel III? federalreserve.gov/SECRS/2023/Nov…

We start 2024 with a deep dive on operational risk management at financial market infrastructures: risk.net/op-risk-benchm…

There's a recent article on Bloomberg analysing US regional bank exposure to CRE based on a metric that regulators deployed in 2006. For a more up-to-date take, here's Risk Quantum comparing exposures to tangible equity: risk.net/risk-quantum/7…