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Largest banks still a threat in recession scenario  

June 30, 2016

There are eight banks in the United States that have been designated “GSIB” or “Global Systemically Important Banks” which are subject to annual stress testing by the Financial Standards Board (FSB) among other rigid requirements. Some of the toughest requirements for GSIBs is their Capital Adequacy Requirements.

 

ESMA chair rubbishes collateral shortage fears  

June 30, 2016

Concerns of a collateral shortage in the wake of the implementation of the European Market Infrastructure Regulations (EMIR) were dismissed as unfounded by the Steven Maijoor, chair of the European Securities Markets Authority (ESMA), in a keynote speech at ISLA’s annual conference.

 

Japan's banks brace for counterparty risks  

June 30, 2016

Japan's banks are bracing for a potential rise in British peers' counterparty risks after Britain voted to leave the European Union, banking industry sources said, with the departure reportedly set to trigger a downgrade in the country's top-notch credit rating.

 

Brexit Fallout Sends European Credit Investors Into Dollar Debt  

June 30, 2016

Britain’s decision to exit the European Union is sending credit investors across the pond. Dollar-denominated securities outperformed euro notes since the U.K. voted on Thursday to leave the 28-nation bloc, according to Bank of America Merrill Lynch index data. Goldman Sachs Group Inc. and CreditSights Inc. now recommend buying U.S. corporate bonds.

 

Stress tests for banks becoming more crucial: Singapore  

June 29, 2016

Given the fragility of global markets in a low-growth, low-rate environment, stress tests on banks will become an increasingly important and integral part of risk management in the financial sector, said Monetary Authority of Singapore (MAS) deputy chairman Lim Hng Kiang on Tuesday.

 

China central bank says debt, financial risks under control  

June 28, 2016

China's debt and financial risks were under control, the central bank said on Monday, adding that it would continue to implement prudent monetary policy and proactive fiscal policy. In its 2016 financial stability report, the People's Bank of China said it would also keep yuan interest rates at a reasonable level.

 

Credit Risk Climbs on Brexit for Second Day as Market Shuts Down  

June 27, 2016

Corporate-credit risk soared for a second day as investors grappled with uncertainty following the U.K.’s vote to leave the European Union. The cost of insuring corporate debt against default climbed to the highest in about four months in Europe, amid heavy trading volumes, and the riskiest bank bonds fell.

 

Shock Waves Ripple Through Credit Markets After U.K. Brexit Vote  

June 24, 2016

Shock waves reverberated through credit markets after the U.K. voted to quit the European Union. Measures of risk for corporate bonds and money markets surged. The Markit iTraxx Europe Index of credit-default swaps insuring investment-grade corporate bonds rose by the most since 2008, according to prices compiled by Bloomberg. 

 

MiFID II data quality and reconciliation: urgent preparation needed  

June 23, 2016

It was less than half a year ago when the European Commission confirmed that the introduction of MiFID II would be delayed a year, to January 2018. At that time, there was a general feeling of relief from most financial institutions facing a huge upheaval to be compliant with the new directive.

 

Fed stress testing has strengthened banks' capital and risk management  

June 23, 2016

The US Federal Reserve's annual, two-part bank stress tests have spurred the largest US bank holding companies to increase capital cushions and strengthen internal risk management, said Moody's Investors Service. The Fed will release results of the Dodd-Frank Act stress test (DFAST) on 23 June and the Comprehensive Capital Analysis and Review (CCAR) on 29 June.

 
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