A grand total of 14 US banks are set to benefit from a revision of the market risk rule announced yesterday by the Fed's vice-chair for supervision Michael Barr. A remarkable lobbying victory for US regional banks against the Fed's Basel III endgame proposal. www.risk.net/risk-quantum...
Fed’s changes to Basel III endgame proposal would keep regional banks with limited trading activity exempt from costly FRTB requirements
Like, ever. bsky.app/profile/aimo...
On the one hand, being in a queue to join another queue is quintessentially British. On the other hand, I have a sinking feeling I ain't gonna see Oasis.
“No artificial colours” though, as if that was the dealbreaker
What a better way to start your day than a 4,500 words deep-dive feature into the mess Thames Water finds itself in and what that means for the banks that are owed £1.3 billion of uncollateralised interest rate and inflation swaps? www.risk.net/markets/7959...
The UK’s largest water company – now junk-rated – has £1.3bn in swaps liabilities. Dealers ought to be safe, but face a host of headaches and questions
Grumpy grandpa has entered the chat
If you’re wondering why Oasis reuniting is such a big deal, they were Britain’s answer to the Beatles
