Samuel Wilkes

3 weeks ago | risk.net | Samuel Wilkes

UBS has decided it will not initially use its own models to calculate capital requirements for market risk, following a revamp of local trading book capital rules. The Swiss bank's annual report - published on March 14 - states UBS Group has adopted the regulator-set standardised approach. Some observers are not surprised UBS is shying away from the internal models approach (IMA) immediately after moving to the new market risk capital framework.

4 weeks ago | risk.net | Samuel Wilkes

Mandatory central clearing has been an effective weapon in regulators' arsenal to reduce systemic risks revealed by the financial crisis. As the US places perceived threats in the US Treasuries market between the crosshairs of an ongoing clearing reform, Europe's rule-setters are wondering whether it's worth doing the same. Industry sources, however, are cautioning that a potential mandate in Europe would be eliminating a threat that appears less alarming compared to previous targets.

1 month ago | risk.net | Samuel Wilkes

When siblings argue, parents often try to find an amicable way out. That can be difficult if the two sides stubbornly stick to their opposing views. The European Commission is grappling with such an intractable family argument, as a compromise solution to a controversial overhaul of trading book capital rules may not be enough to bridge a rift in the banking industry.

1 month ago | centralbanking.com | Samuel Wilkes |Christopher Jeffery |Daniel Hinge |Daniel Blackburn

Tweet Facebook LinkedIn Save this article Send to Print this page The Bank of England (BoE) is examining the notion of a mandate to clear UK government bonds and repurchase agreements secured by them, according to five sources, but without any firm commitment so far.

1 month ago | risk.net | Samuel Wilkes

The Bank of England (BoE) is examining the notion of a mandate to clear UK government bonds and repurchase agreements secured by them, according to five sources, but without any firm commitment so far. "They make no secret that they'd like clearing, and people like me push back," says Glenn Handley, a securities financing consultant at his own company, SecFin Solutions, who previously held senior positions within HSBC's repo business.