Risk.net

By Arthur Bautzer The European Commission's eagerly awaited package of permanent reforms to the Fundamental Review of the Trading Book (FRTB) could radically alter the calculus for banks as they decide whether to adopt the internal models approach (IMA). Temporary relief measures introduced in June and due to expire at the end of 2029 failed to encourage wider IMA adoption among European banks.The FRTB will begin to

By Joshua Walker The Japan Securities Clearing Corporation (JSCC) reported its largest ever stress loss at its cash securities division in the second quarter, amid elevated trading volumes. The division recorded a peak stress loss over initial margin in the event of a single clearing member defaulting of ¥57.8 billion ($373 million). The equivalent figure for the default of two clearing members was ¥80.8 billion

By Arthur Bautzer Wills are often the subject of bitter dispute, sparking years of acrimony and costly legal wrangling. Bank resolution plans - or 'living wills' as they are sometimes known - are proving no different. The failures of Credit Suisse, Silicon Valley Bank and Signature Bank over 10 febrile days in March 2023 have provoked intense debate over the effectiveness of resolution frameworks in the US and

By Fabio Santos This article is part of a series benchmarking bank enterprise risk management practices. Subscribers can view selected cuts of the underlying data here, and sign up for Risk Benchmarking emails here. Enterprise risk teams are responsible for running bank-wide scenario-analysis and stress-testing frameworks at a narrow majority of firms, according to the latest round of Risk.net 's Enterprise Risk

By Philip Alexander Over half of Asian firms active in the US Treasury market are lagging behind in preparing for the US Securities and Exchange Commission's clearing mandate and appear to be clinging to hope that the regulator will rein in the extraterritorial reach of the rule before it goes live. A recent survey from BNY Mellon found that while 80% of respondents are confident they will be ready for the repo

A common standards framework and a cloud-native execution platform have unified pricing, risk and analytics across Citi Markets, without replacing the quant libraries the business already trusted. In an exclusive interview with Risk.net, senior leaders from Citi's Markets Quantitative Analysis (MQA) and Technology teams explain how Most technology strategies are built around the requirements a financial institution has today.

By Hannah Buttle Santander accounted for 90% of the residential mortgage synthetic risk transfer (SRTs) retained by the nine European global systemically important banks (G-Sibs) that disclosed that data in the second quarter of the year. The Spanish bank's retained exposure to bank-originated residential mortgage SRTs rose by €4.3 billion ($4.9 billion) in the first half of 2026, reaching €17.2 billion ($19.6