April 19th & 20th, 2016 – In the years since the financial crisis, the primary risk oversight process utilized by the US regulators has been the Comprehensive Capital Adequacy & Review, known as CCAR. The Federal Reserve Bank administers these exercises on an annual basis. The 2015 CCAR examination involved 31 bank holding companies comprising 80% of total US domestic consolidated assets. While there has been significant improvement in the… Read More »
Thursday, March 3rd, 2016 by GEORGE BOLLENBACHER In an earlier article I took a look at an unintended, but very real, conflict between two components of the EU market rule catharsis known as MiFID II/MiFIR – best execution vs pre-trade transparency. Now it’s time to look into another conflict, between best ex and the trading obligation. Let’s start with the rules themselves. Article 27 of MiFID II requires firms… Read More »
The transition from LIBOR to the Fed-published Secured Overnight Financing Rate (SOFR) or possible alternatives is motivated in large part by the mandated cessation of… Read More »
Building on the success of our first FRTB roundtable discussion held on December 9, 2020, we are offering a very select group of bank dealers… Read More »
FRTB will be far more challenging than traditional risk capital regulations due to the lack of regulatory clarity over the boundaries between banking and trading… Read More »
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