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class="pod-a-primary-content-child entity-child-3"> <h6 class="article-title"> <a href="/risk-management/7960668/dora-flood-pitches-banks-against-vendors" title="Dora flood pitches banks against vendors" class="icon-text">Dora flood pitches banks against vendors</a> </h6> <ul class="article-meta-details"> <li class="author"> By <a href="/author/luke-clancy" title="Luke Clancy">Luke Clancy</a> </li> </ul> </article> </div> </div> <div class="pod-a-secondary"> <article class="article-holder entity-1"> <a href="/markets/7961545/ec-official-positive-on-launching-nbfi-repo-facility" class="icon-text"> <img src="/sites/default/files/styles/article_100_width/public/2025-05/euro-liquidity-Getty-1093682338.jpg.webp?itok=N-vVDGn0" width="618" height="382" alt="A euro coin making a splash in a calm pool of water" loading="lazy" /> </a> <ul class="article-meta-above-title"> <li > <a href="/markets">Markets</a> </li> </ul> <h6 class="article-title"> <a href="/markets/7961545/ec-official-positive-on-launching-nbfi-repo-facility" title="EC official ‘positive’ on launching NBFI repo facility" class="icon-text">EC official ‘positive’ on launching NBFI repo facility</a> </h6> <p> Isda AGM: EU may follow UK with contingent liquidity facility for periods of market stress </p> <ul class="article-meta-details"> <li class="author"> By <a href="/author/rebekah-tunstead" title="Rebekah Tunstead">Rebekah Tunstead</a> </li> </ul> </article> <article class="article-holder entity-2"> <a href="/markets/7961539/eyes-on-automation-as-fx-options-volumes-surge" class="icon-text"> <img src="/sites/default/files/styles/article_100_width/public/2025-05/FX-automation-Getty-2186725773.jpg.webp?itok=WeMyoPEr" width="618" height="382" alt="Digital rendition of a gear mechanism suggesting automation and optimization of business processes" loading="lazy" /> </a> <ul class="article-meta-above-title"> <li > <a href="/markets">Markets</a> </li> </ul> <h6 class="article-title"> <a href="/markets/7961539/eyes-on-automation-as-fx-options-volumes-surge" title="Eyes on automation as FX options volumes surge" class="icon-text">Eyes on automation as FX options volumes surge</a> </h6> <p> Dealers and trading platforms are making gradual progress to electronify foreign exchange options pricing and workflows </p> <ul class="article-meta-details"> <li class="author"> By <a href="/author/cole-lipsky" title="Cole Lipsky">Cole Lipsky</a> </li> </ul> </article> </div> <div class="pod-a-tertiary stats"> <article class="article-holder stats-holder entity-1"> <h6 class="article-title brand-description"> <a href="#" title="Risk data" target="" class="icon icon-margin"> Risk data </a> </h6> <aside class="statistics-block-holder entity-child-1"> <div class="statistics-block-inner"> <div class="block-stat"> <h4 class="statistics-block-stat"> <a href="/risk-quantum/7961489/jp-morgans-var-limits-blown-twice-during-haywire-q1"> 2 </a> </h4> </div> <div class="block-description"> <p class="statistics-block-description"> <a href="/risk-quantum/7961489/jp-morgans-var-limits-blown-twice-during-haywire-q1"> Number of VAR breaches incurred by JP Morgan in the first quarter </a> </p> </div> </div> </aside> <aside class="statistics-block-holder entity-child-2"> <div class="statistics-block-inner"> <div class="block-stat"> <h4 class="statistics-block-stat"> <a href="/risk-quantum/7961470/bnp-paribass-cva-risk-charges-swell-56-on-basel-iii-overhaul"> 56.2% </a> </h4> </div> <div class="block-description"> <p class="statistics-block-description"> <a href="/risk-quantum/7961470/bnp-paribass-cva-risk-charges-swell-56-on-basel-iii-overhaul"> Surge in CVA risk capital charges at BNP Paribas post-Basel III implementation </a> </p> </div> </div> </aside> <aside class="statistics-block-holder entity-child-3"> <div class="statistics-block-inner"> <div class="block-stat"> <h4 class="statistics-block-stat"> <a href="/risk-quantum/7961474/societe-generale-rejigs-liquidity-buffer-towards-sovereign-bonds"> €22 billion </a> </h4> </div> <div class="block-description"> <p class="statistics-block-description"> <a href="/risk-quantum/7961474/societe-generale-rejigs-liquidity-buffer-towards-sovereign-bonds"> Quarterly increase in HQLA securities at Societe Generale </a> </p> </div> </div> </aside> </article> <article class="article-holder entity-2"> <a href="/markets/7961547/vol-too-low-given-us-uncertainty-say-market-makers" class="icon-text"> <img src="/sites/default/files/styles/article_100_width/public/2025-05/US-volatility-Getty-1420942084.jpg.webp?itok=51CxCY15" width="618" height="382" alt="US-volatility-Getty-1420942084" loading="lazy" /> </a> <ul class="article-meta-above-title"> <li > <a href="/markets">Markets</a> </li> </ul> <h6 class="article-title"> <a href="/markets/7961547/vol-too-low-given-us-uncertainty-say-market-makers" title="Vol ‘too low’ given US uncertainty, say market-makers" class="icon-text">Vol ‘too low’ given US uncertainty, say market-makers</a> </h6> <p> Isda AGM: Panellists warn against complacency heading into the summer as US 90-day tariff pause rolls off </p> <ul class="article-meta-details"> <li class="author"> By <a href="/author/rebekah-tunstead" title="Rebekah Tunstead">Rebekah Tunstead</a> </li> </ul> </article> <article class="article-holder entity-3"> <a href="/investing/7961533/us-exchanges-fight-sec-fee-caps-in-court" class="icon-text"> <img src="/sites/default/files/styles/article_100_width/public/2023-11/SEC.jpg.webp?itok=8gOf7mH1" width="618" height="382" alt="SEC transaction agreement" loading="lazy" /> </a> <ul class="article-meta-above-title"> <li > <a href="/investing">Investing</a> </li> </ul> <h6 class="article-title"> <a href="/investing/7961533/us-exchanges-fight-sec-fee-caps-in-court" title="US exchanges fight SEC fee caps in court" class="icon-text">US exchanges fight SEC fee caps in court</a> </h6> <p> Cboe and Nasdaq expected to defend rebates that critics say impede market efficiency </p> <ul class="article-meta-details"> <li class="author"> By <a href="/author/luke-clancy" title="Luke Clancy">Luke Clancy</a> </li> </ul> </article> </div> </div> <div class="view-more-holder"> <a href="/latest" class="view-more" target="_parent"> More from Latest </a> </div> </section> </div> </div> <div class="wp-block-drupalblock-id-dynamic-page-components-hero-slide block block-id-dynamic-page-components block-id-dynamic-page-components-hero-slide"> <div class="pod-holder "> <div class="pod-r-holder single-holder" data-tracking-name="Home - Hero 1"> <figure class="content-slide landing-page pod-r"> <img loading="lazy" src="/sites/default/files/styles/free_crop/public/2025-05/Amsterdam.jpg.webp?itok=HQ2LRIlK" width="2230" height="500" alt="Amsterdam canal view with old and new buildings" title="Amsterdam canal view with old and new buildings" /> <div class="content-container content pod-r-content col-inner"> <div class="pod-r-content-child"> <div class="col-inner"> <h2 itemprop="name" class="article-title"> Isda AGM 2025 </h2> <div class="article-description"> <p>Read all the latest news from the International Swaps and Derivatives Association’s Amsterdam-based annual general meeting</p> </div> <div class="button-holder"> <a class="btn" href="https://www.risk.net/topics/isda-agm-2025">Click here </a> </div> </div> </div> </div> </figure> </div> </div> </div> <div class="wp-block-drupalblock-id-dynamic-page-components-article-grid block block-id-dynamic-page-components block-id-dynamic-page-components-article-grid"> <div class="hidden component-config" data-config="{"id":"id_dynamic_page_components_article_grid","label":"","label_display":"visible","provider":"id_dynamic_page_components","component_content_settings":{"header":{"text":"Trending","link":"","description":{"value":"","format":"legacy_html"}},"view_more_link":{"title":"","url":"","target":0}},"article":{"field_article_type":{"entity":"","exclude":0},"field_article_category":{"entity":"","exclude":0},"field_article_topics":{"entity":"","exclude":0},"field_article_hidden_tags":{"entity":"","exclude":0},"field_article_organisations":{"entity":"","exclude":0},"field_article_people":{"entity":"","exclude":0},"field_article_regions":{"entity":"","exclude":0},"entity_queue":"","start_from":"1","number_article_per_row":"4","number_of_rows":"1","grid":"landscape","segment_info_header":"How these stories are chosen","introduction_text":{"value":"<p>These articles reflect the choices of users with a similar profile to your own. 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To see stories that are trending for a different user profile, use the dropdown below.</p><style> .persona-content { transition: all ease 0.5s; height: 0; visibility: hidden; margin: 0; } </style> <script> function checkUVpersona() { console.log("uv check start"); if(typeof universal_variable === "object"){ console.log(" uv present"); if( typeof universal_variable.user === "object" ){ console.log(" uv user present"); if( universal_variable.user.persona === "Bank risk manager" || universal_variable.user.persona === "Front office" ){ jQuery(".pod-holder.persona-content").attr("style","height: auto; visibility: visible; margin:0 auto 40px;"); } } else { setTimeout(() => { checkUVpersona(); }, "2500"); } } else { setTimeout(() => { checkUVpersona(); }, "2500"); } } if( document.documentElement.classList.contains("register_user") ){ checkUVpersona(); } </script></body></html> <div class="persona-selector"> <select> <option value="none" >All users</option> <option value="aa9m3eh75yds" >Bank risk manager</option> <option value="aakscltpr0ke" >Buy-side risk manager</option> <option value="aa9m3eh75ydt" >Front office</option> <option value="aavvg5d8n8qh" >Market infrastructure provider</option> <option value="a9ym5hxxns2m" >Regulator</option> </select> </div> </div> </div> </div> </div> </div> </div> <div class="wp-block-drupalblock-id-dynamic-page-components-collection block block-id-dynamic-page-components block-id-dynamic-page-components-collection"> <div class="pod-holder " > <section class="content pod-d " data-tracking-name="Home Collection 1"> <header class="component-header"> <h4 itemprop="name"> <a class="section-title-link" href="/topics/foreign-exchange-fx">Foreign exchange</a> </h4> </header> <div class="content-inner content-full-width pod-d-content"> <section class="pod-d-main"> <article class="pod-d-main-article"> <div class="image-text-group-a"> <h2 class="article-title"> <a href="/markets/7961501/taiwan-turmoil-what-drove-the-twd-surge" title="Taiwan turmoil: what drove the TWD surge?" class="icon-text">What drove the Taiwan dollar surge?</a> </h2> <h3 class="article-summary"> Foreign speculators, carry unwinds and central bank inaction fuelled the 10% move, not just life insurers, say traders </h3> <ul class="article-meta-details"> <li class="author"> By <a href="/author/joe-parsons" title="Joe Parsons">Joe Parsons</a> and <a href="/author/chris-davis" title="Chris Davis">Chris Davis</a> </li> </ul> </div> <div class="image-text-group-b"> <a href="/markets/7961501/taiwan-turmoil-what-drove-the-twd-surge" class="icon-text"> <img src="/sites/default/files/styles/article_primary/public/2025-05/TWD-rocket-Getty-2148304895_0.jpg.webp?itok=A6ulnqvl" width="378" height="234" alt="A rolled-up Taiwanese dollar launching into space as if it were a rocket" loading="lazy" /> </a> </div> </article> <div class="pod-d-secondary"> <div class="pod-group"> <article class="pod-d-secondary-content-child entity-1"> <h6 class="article-title"> <a href="/markets/7961511/hedge-funds-burned-as-hong-kong-dollar-bets-implode" title="Hedge funds burned as Hong Kong dollar bets implode" class="icon-text">Hedge funds burned as Hong Kong dollar bets implode</a> </h6> <p> Carry trades and call spreads unwound after Trump tariffs pushed spot to edge of currency peg </p> <ul class="article-meta-details"> <li class="author"> By <a href="/author/lukas-becker" title="Lukas Becker">Lukas Becker</a>, <a href="/author/joe-parsons" title="Joe Parsons">Joe Parsons</a> and <a href="/author/chris-davis" title="Chris Davis">Chris Davis</a> </li> </ul> </article> <article class="pod-d-secondary-content-child entity-2"> <h6 class="article-title"> <a href="/markets/7961477/european-investors-ramp-up-fx-hedging-as-dollar-smile-fades" title="European investors ramp up FX hedging as ‘dollar smile’ fades" class="icon-text">European investors ramp up FX hedging as ‘dollar smile’ fades</a> </h6> <p> Analysts at one bank expect average hedge ratios to jump from 39% to 70% within six months </p> <ul class="article-meta-details"> <li class="author"> By <a href="/author/joe-parsons" title="Joe Parsons">Joe Parsons</a> </li> </ul> </article> <article class="pod-d-secondary-content-child entity-3"> <h6 class="article-title"> <a href="/markets/7961400/trump-tariffs-sent-fx-options-traders-on-a-wild-ride" title="Trump tariffs sent FX options traders on a wild ride" class="icon-text">Trump tariffs sent FX options traders on a wild ride</a> </h6> <p> As US assets sold off, dealers found themselves on the front lines of a hedging scramble </p> <ul class="article-meta-details"> <li class="author"> By <a href="/author/joe-parsons" title="Joe Parsons">Joe Parsons</a> </li> </ul> </article> </div> </div> </section> <aside class="pod-d-aside"> <ul> <li class="list-aside-title">Related content</li> <li id="" class=""> <a href="https://www.risk.net/topics/tariffs" id="" class="" target=""> Tariff turbulence </a> </li> <li id="" class=""> <a href="https://www.risk.net/markets" id="" class="" target=""> Markets news </a> </li> <li id="" class=""> <a href="https://www.risk.net/topics/hedging" id="" class="" target=""> Articles on hedging </a> </li> </ul> </aside> </div> </section> </div> </div> <div class="wp-block-drupalblock-id-dynamic-page-components-data block block-id-dynamic-page-components block-id-dynamic-page-components-data"> <div class="pod-holder quantum" > <div class="content-inner content-full-width pod-b " data-tracking-name="Data - Quantum"> <div class="content pod-b-content"> <div class="items item-1 article-header-block"> <div class="primary"> <header class="group-header"> <h4 itemprop="name"> <a class="section-title-link" href="/riskquantum">Risk Quantum</a> <p class="strapline">Data insights, delivered daily</p> </h4> <div class="tooltip"> <span class="tooltip-i">i</span> <div class="tooltip-content"> <p>Risk Quantum tracks thousands of data points across hundreds of metrics from organisations that represent a cross-section of the financial system. Published daily, articles are short and broken into chunks – the facts, the context and a brief commentary – and use data visualisations to get each story across.</p> <p><a href="/node/7953741">More information</a></p> </div> </div> </header> <h2 itemprop="name" class="article-title"> <a href="/risk-quantum/7961494/morgan-stanleys-rwas-top-500bn-after-biggest-jump-since-2020" title="Morgan Stanley’s RWAs top $500bn after biggest jump since 2020" class="icon-text">Morgan Stanley’s RWAs top $500bn after biggest jump since 2020</a> </h2> <h3 class="article-sub-title"> Derivatives and SFTs propel bank’s RWAs to record high </h3> <ul class="article-meta-details"> <li class="author"> By <a href="/author/joshua-walker" title="Joshua Walker">Joshua Walker</a> </li> </ul> </div> <div class="secondary"> <div class="secondary-content-child child-1"> <h6 itemprop="name" class="article-title"> <a href="/risk-quantum/7961486/basel-iii-overhaul-adds-eu85bn-to-eu-banks-op-rwas" title="Basel III overhaul adds €85bn to EU banks’ op RWAs" class="icon-text">Basel III overhaul adds €85bn to EU banks’ op RWAs</a> </h6> <ul class="article-meta-details"> <li class="author"> By <a href="/author/joshua-walker" title="Joshua Walker">Joshua Walker</a> </li> </ul> </div> <div class="secondary-content-child child-2"> <h6 itemprop="name" class="article-title"> <a href="/our-take/7961525/why-eu-banks-have-snubbed-revised-green-finance-metric" title="Why EU banks have snubbed revised green finance metric" class="icon-text">Why EU banks have snubbed revised green finance metric</a> </h6> <ul class="article-meta-details"> <li class="author"> By <a href="/author/joshua-walker" title="Joshua Walker">Joshua Walker</a> </li> </ul> </div> <div class="view-more-holder"> <a href="/riskquantum" class="view-more" target="_parent"> Read more </a> </div> </div> </div> <div class="items item-2"> <!DOCTYPE html> <html><body><div class="infogram-embed" data-id="a3ed5a9e-7920-4aa5-a1f7-7c1b93b1694b" data-type="interactive" data-title="Copy: RQ7961494 (1) - us rwas"></div><script>!function(e,n,i,s){var d="InfogramEmbeds";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,"script","infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");</script></body></html> </div> </div> </div> </div> </div> <div class="wp-block-drupalblock-id-dynamic-page-components-data block block-id-dynamic-page-components block-id-dynamic-page-components-data"> <div class="pod-holder counterparty" > <div class="content-inner content-full-width pod-b reverse-order" data-tracking-name="Data - Counterparty"> <div class="content pod-b-content"> <div class="items item-1 article-header-block"> <div class="primary"> <header class="group-header"> <h4 itemprop="name"> <a class="section-title-link" href="/counterparty-radar">Counterparty Radar</a> <p class="strapline">Matchmaking and benchmarking for OTC derivatives</p> </h4> <div class="tooltip"> <span class="tooltip-i">i</span> <div class="tooltip-content"> <p>Counterparty Radar is based on position data from around 20,000 <span class="caps">US</span> mutual funds and <span class="caps">ETF</span>s, rolled up to the manager level – it shows the <span class="caps">OTC</span> derivatives they have on their books, and who they traded them with, providing unique insights into an important market segment. <a href="/static/counterparty-radar-overview">More info</a></p> </div> </div> </header> <ul class="article-meta-above-title"> <li > <a href="/markets">Markets</a> </li> </ul> <h2 itemprop="name" class="article-title"> <a href="/markets/7961471/wells-fargos-fx-strategy-wins-over-buy-side-clients" title="Wells Fargo’s FX strategy wins over buy-side clients" class="icon-text">Wells Fargo’s FX strategy wins over buy-side clients</a> </h2> <h3 class="article-sub-title"> Counterparty Radar: Life insurers looked west for liquidity after November’s US presidential election </h3> <ul class="article-meta-details"> <li class="author"> By <a href="/author/cole-lipsky" title="Cole Lipsky">Cole Lipsky</a> </li> </ul> </div> <div class="secondary"> <div class="secondary-content-child child-1"> <ul class="article-meta-above-title"> <li > <a href="/markets">Markets</a> </li> </ul> <h6 itemprop="name" class="article-title"> <a href="/markets/7961424/europes-ucits-funds-made-in-the-usa" title="Europe’s Ucits funds: Made in the USA" class="icon-text">Europe’s Ucits funds: Made in the USA</a> </h6> <ul class="article-meta-details"> <li class="author"> By <a href="/author/michael-paterakis" title="Michael Paterakis">Michael Paterakis</a> </li> </ul> </div> <div class="secondary-content-child child-2"> <ul class="article-meta-above-title"> <li > <a href="/markets">Markets</a> </li> </ul> <h6 itemprop="name" class="article-title"> <a href="/investing/derivatives/7961399/pimcos-19-billion-sonia-swaptions-trade" title="Pimco’s $19 billion Sonia swaptions trade" class="icon-text">Pimco’s $19 billion Sonia swaptions trade</a> </h6> <ul class="article-meta-details"> <li class="author"> By <a href="/author/rebekah-tunstead" title="Rebekah Tunstead">Rebekah Tunstead</a> </li> </ul> </div> <div class="view-more-holder"> <a href="/counterparty-radar" class="view-more" target="_blank"> Read more </a> </div> </div> </div> <div class="items item-2"> <!DOCTYPE html> <html><body><div class="infogram-embed" data-id="780c4126-1bd0-433f-91c3-11d560403db2" data-type="interactive" data-title="Copy: Wells Fargo HP (Revised)"></div><script>!function(e,n,i,s){var d="InfogramEmbeds";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,"script","infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");</script><p> </p></body></html> </div> </div> </div> </div> </div> <div class="wp-block-drupalblock-id-dynamic-page-components-collection block block-id-dynamic-page-components block-id-dynamic-page-components-collection"> <div class="pod-holder " > <section class="content pod-d " data-tracking-name="Home Collection - 2"> <header class="component-header"> <h4 itemprop="name"> <a class="section-title-link" href="/topics/fixed-income">Fixed income</a> </h4> </header> <div class="content-inner content-full-width pod-d-content"> <section class="pod-d-main"> <article class="pod-d-main-article"> <div class="image-text-group-a"> <h2 class="article-title"> <a href="/markets/7961507/after-tariff-rout-hedge-funds-revive-euro-rate-steepeners" title="After tariff rout, hedge funds revive euro rate steepeners" class="icon-text">After tariff rout, hedge funds revive euro rate steepeners</a> </h2> <h3 class="article-summary"> Dutch pension overhaul drives bets on euro rates curve steepening </h3> <ul class="article-meta-details"> <li class="author"> By <a href="/author/rebekah-tunstead" title="Rebekah Tunstead">Rebekah Tunstead</a> </li> </ul> </div> <div class="image-text-group-b"> <a href="/markets/7961507/after-tariff-rout-hedge-funds-revive-euro-rate-steepeners" class="icon-text"> <img src="/sites/default/files/styles/article_primary/public/2025-05/Dutch-pensions-Getty-1939240020.jpg.webp?itok=vMQK3ikP" width="378" height="234" alt="Scattered euro banknotes in various denominations overlaid with a semi-transparent Dutch flag" loading="lazy" /> </a> </div> </article> <div class="pod-d-secondary"> <div class="pod-group"> <article class="pod-d-secondary-content-child entity-1"> <h6 class="article-title"> <a href="/risk-management/7961463/dodging-a-steamroller-how-the-basis-trade-survived-the-tariff-tantrum" title="Dodging a steamroller: how the basis trade survived the tariff tantrum" class="icon-text">Dodging a steamroller: how the basis trade survived the tariff tantrum</a> </h6> <p> Higher margins, rising yields and stable repo funding helped avert another disruptive blow-up </p> <ul class="article-meta-details"> <li class="author"> By <a href="/author/luke-clancy" title="Luke Clancy">Luke Clancy</a> </li> </ul> </article> <article class="pod-d-secondary-content-child entity-2"> <h6 class="article-title"> <a href="/markets/7961451/yen-rates-losses-from-tariff-drama-top-1-billion" title="Yen rates losses from tariff drama top $1 billion" class="icon-text">Yen rates losses from tariff volatility top $1 billion</a> </h6> <p> Pay fixed, curve flattener and vol steepener positions were hit hard as yields swung wildly </p> <ul class="article-meta-details"> <li class="author"> By <a href="/author/chris-davis" title="Chris Davis">Chris Davis</a> and <a href="/author/lukas-becker" title="Lukas Becker">Lukas Becker</a> </li> </ul> </article> <article class="pod-d-secondary-content-child entity-3"> <h6 class="article-title"> <a href="/markets/7961385/inside-the-week-that-shook-the-us-treasury-market" title="Inside the week that shook the US Treasury market" class="icon-text">Inside the week that shook the US Treasury market</a> </h6> <p> Rates traders on the “scary” moves that almost broke the world’s safest and most liquid investment </p> <ul class="article-meta-details"> <li class="author"> By <a href="/author/lukas-becker" title="Lukas Becker">Lukas Becker</a> </li> </ul> </article> </div> </div> </section> <aside class="pod-d-aside"> <ul> <li class="list-aside-title">Related content</li> <li id="" class=""> <a href="https://www.risk.net/topics/us-treasuries" id="" class="" target=""> US Treasuries news </a> </li> <li id="" class=""> <a href="https://www.risk.net/topics/bonds" id="" class="" target=""> Bond briefings </a> </li> <li id="" class=""> <a href="https://www.risk.net/topics/fixed-income" id="" class="" target=""> More on fixed income </a> </li> </ul> </aside> </div> </section> </div> </div> <div class="wp-block-drupalblock-id-dynamic-page-components-hero-slide block block-id-dynamic-page-components block-id-dynamic-page-components-hero-slide"> <div class="pod-holder "> <div class="pod-r-holder single-holder" data-tracking-name="Home - Hero 2"> <figure class="article-slide pod-r"> <img loading="lazy" src="/sites/default/files/styles/free_crop/public/2025-05/Waiting.jpg.webp?itok=Fwtk7itt" width="2230" height="500" alt="An hour glass on a US flag" title="An hour glass on a US flag" /> <div class="article-container content pod-r-content col-inner"> <div class="pod-r-content-child"> <div class="col-inner"> <ul class="article-meta-above-title"> <li class=article-meta-category> <a href="/risk-management">Risk management</a> </li> </ul> <h2 itemprop="name" class="article-title"> <a href="/risk-management/7961490/wait-in-the-q-us-banks-hold-back-on-tariff-related-provisions" hreflang="en">Wait in the Q: US banks hold back on tariff-related provisions</a> </h2> <h3 class="article-sub-title"> Lack of data on supply chain vulnerabilities creates challenges for early CECL adjustments </h3> <ul class="article-meta-details"> <li class="article-meta-author"> By <a href="/author/menghan-xiao" title="Menghan Xiao">Menghan Xiao</a> </li> </ul> </div> </div> </div> </figure> </div> </div> </div> <div class="wp-block-drupalblock-id-dynamic-page-components-collection block block-id-dynamic-page-components block-id-dynamic-page-components-collection"> <div class="pod-holder " > <section class="content pod-d " data-tracking-name="Home Collection - 3"> <header class="component-header"> <h4 itemprop="name"> <a class="section-title-link" href="/regulation">Regulation</a> </h4> </header> <div class="content-inner content-full-width pod-d-content"> <section class="pod-d-main"> <article class="pod-d-main-article"> <div class="image-text-group-a"> <h2 class="article-title"> <a href="/regulation/7961433/us-basel-equivalence-questioned-as-eu-patience-wears-thin" title="US Basel equivalence questioned as EU patience wears thin" class="icon-text">US Basel equivalence questioned as EU patience wears thin</a> </h2> <h3 class="article-summary"> MEPs say unfaithful US implementation of Basel III could trigger review of access to EU markets </h3> <ul class="article-meta-details"> <li class="author"> By <a href="/author/samuel-wilkes" title="Samuel Wilkes">Samuel Wilkes</a> </li> </ul> </div> <div class="image-text-group-b"> <a href="/regulation/7961433/us-basel-equivalence-questioned-as-eu-patience-wears-thin" class="icon-text"> <img src="/sites/default/files/styles/article_primary/public/2025-04/EU-US-conflict-GettyImages-1321359772.jpg.webp?itok=z1umWG7q" width="378" height="234" alt="EU US conflict under smashed glass" loading="lazy" /> </a> </div> </article> <div class="pod-d-secondary"> <div class="pod-group"> <article class="pod-d-secondary-content-child entity-1"> <h6 class="article-title"> <a href="/risk-management/7961453/boe-plans-to-link-system-wide-and-individual-stress-tests" title="BoE plans to link system-wide and individual stress tests" class="icon-text">BoE plans to link system-wide and individual stress tests</a> </h6> <p> Meanwhile, ECB wants to broaden system-wide stress models to include central counterparties </p> <ul class="article-meta-details"> <li class="author"> By <a href="/author/menghan-xiao" title="Menghan Xiao">Menghan Xiao</a> </li> </ul> </article> <article class="pod-d-secondary-content-child entity-2"> <h6 class="article-title"> <a href="/markets/7961435/repo-clearing-rule-could-raise-sofr-volatility-ofr-analysts" title="Repo clearing rule could raise SOFR volatility – OFR analysts" class="icon-text">Repo clearing rule could raise SOFR volatility – OFR analysts</a> </h6> <p> Analysis of 2022 data finds large divergence in tail rates but no change in median </p> <ul class="article-meta-details"> <li class="author"> By <a href="/author/helen-bartholomew" title="Helen Bartholomew">Helen Bartholomew</a> </li> </ul> </article> <article class="pod-d-secondary-content-child entity-3"> <h6 class="article-title"> <a href="/regulation/7961408/cftc-takes-red-pen-to-swaps-rules-but-dont-call-it-a-rollback" title="CFTC takes red pen to swaps rules, but don’t call it a rollback" class="icon-text">CFTC takes red pen to swaps rules, but don’t call it a rollback</a> </h6> <p> Lawyers and ex-regs say agency is fine-tuning and clarifying regulations, not eliminating them </p> <ul class="article-meta-details"> <li class="author"> By <a href="/author/janice-kirkel" title="Janice Kirkel">Janice Kirkel</a> </li> </ul> </article> </div> </div> </section> <aside class="pod-d-aside"> <ul> <li class="list-aside-title">Related content</li> <li id="" class=""> <a href="https://www.risk.net/regulation" id="" class="" target=""> More regulation news </a> </li> <li id="" class=""> <a href="https://www.risk.net/topics/fundamental-review-of-the-trading-book-frtb" id="" class="" target=""> FRTB articles </a> </li> <li id="" class=""> <a href="https://www.risk.net/topics/internal-models-approach-ima" id="" class="" target=""> The internal models approach </a> </li> </ul> </aside> </div> </section> </div> </div> <div class="wp-block-drupalblock-id-dynamic-page-components-trendlines block block-id-dynamic-page-components block-id-dynamic-page-components-trendlines"> <div class="pod-holder" > <div class="content-inner content-full-width pod-f ribbon trendlines-icons" data-tracking-name="Trendlines"> <header class="component-header"> <h4 itemprop="name"> <div class="section-title-link">Trendlines</div> </h4> </header> <div class="content pod-f-content col-inner col-count-3"> <section class="pod-f-content-child section-1"> <header class="item-header"> <h4 itemprop="name"> <a href="/topics/foreign-exchange-fx" class="section-title-link icon icon-foreign-exchange"> Foreign exchange </a> </h4> </header> <article class="item"> <div class="text-group"> <h6 class="article-title"> <a href="/markets/7961539/eyes-on-automation-as-fx-options-volumes-surge" title="Eyes on automation as FX options volumes surge" class="icon-text"> Eyes on automation as FX options volumes surge </a> </h6> </div> </article> <article class="item"> <div class="text-group"> <h6 class="article-title"> <a href="/markets/7961541/standard-chartered-taps-newman-to-head-rates-and-fx-trading" title="Standard Chartered taps Newman to head rates and FX trading" class="icon-text"> Standard Chartered taps Newman to head rates and FX trading </a> </h6> </div> </article> <article class="item"> <div class="text-group"> <h6 class="article-title"> <a href="/our-take/7961516/banks-seek-to-advance-predictive-pricing-models" title="Banks seek to advance predictive pricing models" class="icon-text"> Banks seek to advance predictive pricing models </a> </h6> </div> </article> </section> <section class="pod-f-content-child section-2"> <header class="item-header"> <h4 itemprop="name"> <a href="/topics/cyber-risk" class="section-title-link icon icon-cyber-risk"> Cyber risk </a> </h4> </header> <article class="item"> <div class="text-group"> <h6 class="article-title"> <a href="/risk-management/7961532/eu-banks-want-the-cloud-closer-to-home-amid-tariff-wars" title="EU banks want the cloud closer to home amid tariff wars" class="icon-text"> EU banks want the cloud closer to home amid tariff wars </a> </h6> </div> </article> <article class="item"> <div class="text-group"> <h6 class="article-title"> <a href="/risk-management/7961503/evalueserve-tames-genai-to-boost-clients-cyber-underwriting" title="Evalueserve tames GenAI to boost client’s cyber underwriting" class="icon-text"> Evalueserve tames GenAI to boost client’s cyber underwriting </a> </h6> </div> </article> <article class="item"> <div class="text-group"> <h6 class="article-title"> <a href="/risk-management/7961452/cyber-insurance-costs-expected-to-rise-as-loss-ratios-worsen" title="Cyber insurance costs expected to rise as loss ratios worsen" class="icon-text"> Cyber insurance costs expected to rise as loss ratios worsen </a> </h6> </div> </article> </section> <section class="pod-f-content-child section-3"> <header class="item-header"> <h4 itemprop="name"> <a href="/topics/hedging" class="section-title-link icon icon-hedging"> Hedging </a> </h4> </header> <article class="item"> <div class="text-group"> <h6 class="article-title"> <a href="/risk-quantum/7961464/dollar-dip-erodes-amexs-overseas-hedges-by-198m" title="Dollar dip erodes AmEx’s overseas hedges by $198m" class="icon-text"> Dollar dip erodes AmEx’s overseas hedges by $198m </a> </h6> </div> </article> <article class="item"> <div class="text-group"> <h6 class="article-title"> <a href="/markets/7961477/european-investors-ramp-up-fx-hedging-as-dollar-smile-fades" title="European investors ramp up FX hedging as ‘dollar smile’ fades" class="icon-text"> European investors ramp up FX hedging as ‘dollar smile’ fades </a> </h6> </div> </article> <article class="item"> <div class="text-group"> <h6 class="article-title"> <a href="/markets/7961375/patience-pays-off-for-xva-desks-in-wild-week-of-tariff-swings" title="Patience pays off for XVA desks in wild week of tariff swings" class="icon-text"> Patience pays off for XVA desks in wild week of tariff swings </a> </h6> </div> </article> </section> </div> </div> </div> </div> <div class="wp-block-drupalblock-id-dynamic-page-components-double-column-with-sidebar block block-id-dynamic-page-components block-id-dynamic-page-components-double-column-with-sidebar"> <div class="pod-holder " > <div class="content pod-g article-3 " data-tracking-name="Comment Our Take"> <div class="content-inner content-full-width pod-g-content"> <section class="pod-g-main"> <div class="pod-g-secondary-content-child one"> <header class="component-header"> <h4 itemprop="name"> <a class="section-title-link" href="/comment">Comment</a> </h4> </header> <article class="col-inner"> <div class="image-text-group-a"> <a href="/comment/7961523/op-risk-data-bofa-biffed-for-540m-over-insurance-fund-swerve" class="icon-text"> <img src="/sites/default/files/styles/square_small_articles/public/2020-01/Bank-of-America-London-office.jpg.webp?h=eeb8f0f6&itok=EikVkgmE" width="170" height="170" alt="Bank-of-America-London-office" loading="lazy" /> </a> </div> <div class="image-text-group-b"> <h6 class="article-title"> <a href="/comment/7961523/op-risk-data-bofa-biffed-for-540m-over-insurance-fund-swerve" title="Op risk data: BofA biffed for $540m over insurance fund swerve" class="icon-text">Op risk data: BofA biffed for $540m over insurance fund swerve</a> </h6> <ul class="article-meta-details"> <li class="author"> By <a href="/author/orx-news" title="ORX News">ORX News</a> </li> </ul> </div> </article> <article class="col-inner"> <div class="image-text-group-a"> <a href="/comment/7961481/rising-systemic-risk-demands-a-new-risk-management-paradigm" class="icon-text"> <img src="/sites/default/files/styles/square_small_articles/public/2025-05/Climate-change-signs-GettyImages-692000704.jpg.webp?h=7c6caf3a&itok=J2k6jdfQ" width="170" height="170" alt="Climate change signs" loading="lazy" /> </a> </div> <div class="image-text-group-b"> <h6 class="article-title"> <a href="/comment/7961481/rising-systemic-risk-demands-a-new-risk-management-paradigm" title="Rising systemic risk demands a new risk management paradigm" class="icon-text">Rising systemic risk demands a new risk management paradigm</a> </h6> <ul class="article-meta-details"> <li class="author"> By <a href="/author/madelyn-antoncic" title="Madelyn Antoncic">Madelyn Antoncic</a> </li> </ul> </div> </article> <article class="col-inner"> <div class="image-text-group-a"> <a href="/comment/7961391/op-risk-data-luna-crypto-chicanery-shrinks-galaxy-coffers" class="icon-text"> <img src="/sites/default/files/styles/square_small_articles/public/2025-04/Black%20hole%20Getty%20664389240.jpg.webp?h=007dc2d3&itok=n8oNqAkk" width="170" height="170" alt="Black hole" loading="lazy" /> </a> </div> <div class="image-text-group-b"> <h6 class="article-title"> <a href="/comment/7961391/op-risk-data-luna-crypto-chicanery-shrinks-galaxy-coffers" title="Op risk data: Luna crypto chicanery shrinks Galaxy coffers" class="icon-text">Op risk data: Luna crypto chicanery shrinks Galaxy coffers</a> </h6> <ul class="article-meta-details"> <li class="author"> By <a href="/author/orx-news" title="ORX News">ORX News</a> </li> </ul> </div> </article> </div> <div class="pod-g-secondary-content-child two"> <header class="component-header"> <h4 itemprop="name"> <a class="section-title-link" href="/our-take">Our take</a> </h4> </header> <article class="col-inner"> <div class="image-text-group-a"> <img src="/sites/default/files/styles/square_small_articles/public/2023-05/Joshua-Walker.jpg.webp?h=3c2c8497&itok=7L4Tbl-I" width="170" height="170" alt="Joshua Walker" loading="lazy" /> </div> <div class="image-text-group-b"> <h6 class="article-title"> <a href="/our-take/7961525/why-eu-banks-have-snubbed-revised-green-finance-metric" title="Why EU banks have snubbed revised green finance metric" class="icon-text">Why EU banks have snubbed revised green finance metric</a> </h6> <ul class="article-meta-details"> <li class="author"> By <a href="/author/joshua-walker" title="Joshua Walker">Joshua Walker</a> </li> </ul> </div> </article> <article class="col-inner"> <div class="image-text-group-a"> <img src="/sites/default/files/styles/square_small_articles/public/2022-07/Joe-Parsons.jpg.webp?h=b8d78d0f&itok=0YXsWQCG" width="170" height="170" alt="Joe-Parsons" loading="lazy" /> </div> <div class="image-text-group-b"> <h6 class="article-title"> <a href="/our-take/7961516/banks-seek-to-advance-predictive-pricing-models" title="Banks seek to advance predictive pricing models" class="icon-text">Banks seek to advance predictive pricing models</a> </h6> <ul class="article-meta-details"> <li class="author"> By <a href="/author/joe-parsons" title="Joe Parsons">Joe Parsons</a> </li> </ul> </div> </article> <article class="col-inner"> <div class="image-text-group-a"> <img src="/sites/default/files/styles/square_small_articles/public/2019-08/Mauro%20Cesa%202019.jpg.webp?h=c832f4ac&itok=YzFmdQE_" width="170" height="170" alt="Mauro Cesa" loading="lazy" /> </div> <div class="image-text-group-b"> <h6 class="article-title"> <a href="/our-take/7961366/getting-a-handle-on-model-parameters" title="Getting a handle on model parameters" class="icon-text">Getting a handle on model parameters</a> </h6> <ul class="article-meta-details"> <li class="author"> By <a href="/author/mauro-cesa" title="Mauro Cesa">Mauro Cesa</a> </li> </ul> </div> </article> 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