Abdool Fawzee Bhollah
RiskNet
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Past articles by Abdool:
US banks’ corporate default indicators worsened in Q2
Median probability of default increases 38bp to 1.7% on the quarter → Read More
Though Covid crisis rages, US banks’ op RWAs fall
In the first quarter, US banks saw their credit and market risk-weighted assets (RWAs) surge as the coronavirus crisis plunged the financial system into chaos. But RWAs used to capitalise operational risks either stayed flat or shrunk at these top dealers. Aggregate op RWAs at the eight US global systemically important banks (G-Sibs) fell by $5.7 billion over the first three months of 2020 to… → Read More
Systemic eurozone banks take €10bn in loan-loss provisions
Santander takes a whopping €3.9 billion out of income → Read More
Covid relief frees €4.9bn of capital at Santander
Banco Santander’s solvency buffer increased over 40% in the first quarter as European authorities eased capital constraints on the region’s beleaguered lenders. The Spanish lender’s minimum Common Equity Tier 1 (CET1) capital requirement dropped to 8.86% from 9.69% of risk-weighted assets (RWAs) over the first quarter following targeted Covid-19 relief measures implemented by the European… → Read More
Covid loan losses exceed 2019 CCAR projections
CECL accounting likely responsible for discrepancy → Read More
CCPs built up liquidity buffers heading into 2020
LCH SA grew qualifying liquid resources 49% year on year → Read More
UK bank ECL scenarios may lowball coronavirus impact
The stress scenarios that UK banks currently have in place to ballpark their expected credit losses (ECLs) may underestimate coronavirus-related impacts, although regulatory intervention should spare them from dramatically increasing loan-loss reserves as the economic effects of the crisis manifest. Lenders use a series of forward-looking simulations to size ECLs under IFRS 9 accounting… → Read More
ECB cuts top banks’ required capital by over €350bn
Capital conservation requirement and Pillar 2 guidance amounts relaxed, countercyclical capital buffers encouraged to fall → Read More
Citi shed over $32bn of counterparty exposures in Q4
Risk-weighted assets for CCR exposures dropped -12% → Read More
ECB risk ratings find banks wanting
Fewer banks scored highly in SREP assessment than in 2017 and 2018 → Read More
Credit assets of non-banks top $44trn
Hedge funds increase loan and bond holdings the most of shadow-banking entities → Read More
Op risk modelling limited to largest EU banks
Operational risk models are used almost exclusively by the very largest banks in the European Union, data from the EU-wide transparency exercise shows. In a sample of 131 banks, those in the upper (fourth) quartile by revenue used the advanced measurement approach (AMA), which employs op risk models, to calculate 47.9% of their total op risk capital as of end-June. Of the remainder, 49.6% was… → Read More
People moves: ING fills two top roles, RBS confirms Rose as CEO, and more
ING Wholesale Banking has hired industry veteran Miles Millard to head its global capital markets business in London. He joins after a comparatively brief flirtation with financial recruitment firm JD Haspel, where he relocated earlier this year to lead client coverage and origination. The great majority of Millard’s decades-long career has been in investment banking for Deutsche Bank. He held a… → Read More
HSBC leads foreign banks in fed fund and repo borrowings
Large intermediate holding company money market borrowings equivalent to 15.9% of total assets → Read More
On securitisations, Wells Fargo is in a league of its own
Securitisation exposures account for 15% of total assets at Wells versus 2.1% for the average bank → Read More
Non-banks’ role in cross-border funding grows
Non-bank financial institutions account for about one-fifth of cross-border dollar and sterling funding → Read More
Over €1trn of EU insurer assets subject to climate risks
Housing exposures make up bulk of those vulnerable to climate change → Read More
Morgan Stanley’s CVA charge swells 19% in Q1
Credit valuation adjustment capital charges have decreased at most G-Sibs year-on-year → Read More
US branches of foreign banks shed $91 billion of reserves in 2018
Drop-off coincides with Fed’s ‘normalisation’ strategy → Read More
Higher market risk raises Basel III capital shortfall to €36bn
Internationally active banks further from capital targets than at end-2017 → Read More