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BNP Paribas piles on the senior tranches

8 October 2019BanksCLOs, credit ratings, securitisationNick Dunbar

The French banking giant more than doubled its securitisation exposure in the past 12 months, filings show. Does the ballooning CLO portfolio pose a risk?

What happened in bank risk last year?

29 March 2019BanksNick Dunbar

Dismantling Deutsche Bank, JP Morgan’s Steinhoff fallout and the return of securitisation

Handicapping Goldman’s 1MDB liabilities

30 January 2019BanksGoldman Sachs, operational riskNick Dunbar

The 1MDB scandal may result in a record legal settlement for Goldman Sachs. Risky Finance visualises the expected loss and explores how life-changing it might be for Goldman.

Collins wedge pushes internal credit models towards irrelevance

2 November 2018BanksBasel rules, Dodd-Frank Act, Federal Reserve, JP Morgan, PNC Financial, Wells FargoNick Dunbar

The Collins amendment has become a binding capital constraint for the biggest US banks. Does this support the Fed’s argument for rolling back the advanced approaches provisions of Dodd-Frank?

The Fed’s troubling stress test calculations

12 July 2018BanksCCAR, Stress testsNick Dunbar

The Fed’s annual stress tests and capital analysis amount to a contest between the regulator’s models of large banks in a crisis and those of the banks themselves. The latest disclosures suggest troubling flaws in the Fed’s calculations.

US banks grow assets beneath regulatory radar

17 April 2018BanksBank of America, Citigroup, JP Morgan, Wells FargoNick Dunbar

Since adopting Basel III reporting standards three years ago, the biggest US banks have started reducing risk weights while increasing lending. Is this a reflection of a healthy US economy or European-style gaming of internal models?

Putting employees over shareholders doomed Deutsche’s Cryan

6 April 2018BanksNick Dunbar

Deutsche Bank’s inability to control its investment bank compensation bill may have doomed John Cryan, analysis of pay disclosures suggests.

Steinhoff, the banks and the bezzle

2 March 2018Articles, BanksNick Dunbar

A scandal at South African group Steinhoff has hit the large banks that lent $1.6bn to the company’s largest shareholder. Differences in the way banks treated the exposure highlight hidden risks in the financial system.