Banken in der Eurozone

CS-Investoren verlieren 16 Milliarden Euro

Kunde schildert Service-Irrsinn„Probleme hatte ich mit der Postbank öfter, doch so krass war es noch nie“

Strauchelnde Banken

Swiss bail-in regime
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Funding exposure of European Banks to the AT1 market
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How Finma milked Credit Suisse’s CoCos
www.risk.net/regulation/7956301/...es-cocos-to-close-ubs-deal

Loan investors brace for lower recoveries: Buy-siders expect to recoup up to 30 percentage points less if borrowers default
www.risk.net/investing/7956303/...-brace-for-lower-recoveries

European banks' AT1 bonds high yield
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High yield = high risk

The bad news, though, is that around half of EU lenders are expected to fail the European Banking Authority’s NII test – EU banks need ‘billions’ in hedges to pass new NII test.
www.risk.net/regulation/7956134/...edges-to-pass-new-nii-test

CS-Integration in die UBS ist wohl zehn Mal so komplex wie Dresdner-Bank-Übernahme durch die Commerzbank
https://www.ariva.de/forum/...ngs-potential-512670?page=16#jumppos404

The final countdown: Europe’s pension funds get ready to clear With clearing exemption due to end next June, EU funds try to learn from UK’s LDI mistakes. Yet fears persist around the liquidity risks posed by clearing. If the size of margin calls were to spike, pension funds might all have to..
www.risk.net/derivatives/7955498/...-funds-get-ready-to-clear

The end of the Emir mandatory swaps clearing exemption for pension scheme arrangements (PSAs) is approaching. The European Commission has said there will be no extension in the EU to pension funds' exemption from clearing, which is due to end next June. Exemption preventing pension funds from mandatory clearing will come to an end permanently in June 2023. June-2023-deadline.
www.mccannfitzgerald.com/knowledge/...emes-clearing-exemption

Implementation of the clearing obligation for pension scheme arrangements: Requiring PSAs to clear OTC derivative contracts at a Central Clearing Party (CCP) could lead them to transform a significant amount of their assets for cash or other highly liquid assets, such as bank deposits, money market fund shares, repurchase agreements or credit lines, in order to be able to provide ‘margin’ to CCPs. The obligation to clear and the associated requirement to provide margin relates in particular to the need to ensure sufficient cash for variation margin that needs to be covered regularly and at short notice.
eur-lex.europa.eu/legal-content/EN/TXT/...ri=COM:2022:254:FIN

NACH BANKEN-BEBEN

Abwicklung der Credit Suisse hätte eine Finanzkrise auslösen können

Systemic credit event US shadow banking
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Fund Managers’ Biggest Fear Is Now a Systemic Credit Crunch
www.bloomberg.com/news/articles/...mic-credit-event#xj4y7vzkg
Wall Street Mood Turns Apocalyptic With Majority Expecting "Systemic Credit Event" Out Of Shadow Banking Sector
www.zerohedge.com/markets/...systemic-credit-event-out-shadow
The Cost of Ignoring the Shadow Banking System
themarket.ch/english/...w-banking-system-ld.8661?reduced=true

Yellen Convenes Emergency Financial Stability Meeting On Friday As Banking Crisis Explodes
www.zerohedge.com/markets/...g-friday-banking-crisis-explodes
Pablo Hernández de Cos says lenders are at risk from links to shadow banks
www.ft.com/content/a2710b80-0f91-47ef-8aef-cf835c4d6c49
Banking regulators increase scrutiny of 'shadow' bank exposures: Global banking regulators will step up scrutiny of how risks from systemically important shadow banks could destabilise lenders, a top banking regulator said on Friday as central bankers home in on the huge funds industry.
www.reuters.com/business/finance/...ank-exposures-2023-03-24/
Out of the shadows? The global response to 'Shadow Banking'
www.lexisnexis.co.uk/legal/news/...response-to-shadow-banking

Financial Times: sell banks on Friday and go away - Drop in Deutsche Bank shares is more likely noise than a signal of danger ahead
t.co/gbyBq5SWgT

Der europäische Bankenindex Stoxx 600 Banks sank um 2,5 Prozent, kein einziger Banktitel konnte sich an diesem Freitag in die Pluszone retten. "Manche wollen über das Wochenende offenbar nicht auf dem falschen Fuß erwischt werden"
https://www.sueddeutsche.de/wirtschaft/...k-boerse-verluste-1.5775296

Wie ein Fondsmanager das letzte Finanzkrisen-Wochende erlebt hat
https://www.ariva.de/forum/...rchschritten-381890?page=63#jumppos1596

Short sellers make $100 mln betting against Deutsche Bank
www.reuters.com/markets/...e-bank-two-weeks-ortex-2023-03-24/

CoCo-Anleihen sind im Verhältnis zu Aktien historisch billig
https://www.dws.com/globalassets/_-graphics/...art_de.png?v=243673644
https://www.dws.com/de-de/insights/cio-view/...-of-the-week-20230324/

EBA Consolutation: Fundamental Review of the Trading Book (FRTB): The Regulatory Technical Standards (RTS) on the assessment methodology under which competent authorities verify an institution’s compliance with the internal models under the Fundamental Review of the Trading Book (FRTB) rules are part of of the EBA roadmap for the new market and counterparty credit risk approaches. These RTS ensure clarity on the assessment performed by competent authorities, so as to guide the implementation of FRTB internal models in EU. In particular, these draft RTS set out a framework for competent authorities to assess these requirements and focus on three main aspects: governance, the internal risk-measurement model - covering the expected shortfall, and the stress scenario risk measure -  and the internal default risk model.

Consultation Paper on draft RTS on the assessment methodology under which competent authorities verify an institution’s compliance with the internal model approach
www.eba.europa.eu/regulation-and-policy/...nce-internal-model

The crisis ahead: Fed officials meet in shadow of banking crisis. Fund managers worry systemic credit crunch could crash US markets. The most likely source of a credit event, according to the fund managers, is shadow banking – or non-bank financial institutions that are not subject to regulation including hedge funds, private equity funds, investment banks and mortgage lenders. Many analysts worry that authorities may soon discover they have even less control and comprehension of the non-bank financial sector than they anticipated as gloomy clouds gather over the global financial system. The amount of the correction is impossible to forecast because “shadows” do not promote openness
www.worldfinance.com/special-reports/...ead-of-shadow-banking
Since the global financial crisis, higher risk or more complex lending or trading moved into the opaque and less regulated shadow banking system -- non-bank financial institutions which include insurance companies, pension funds, mutual or hedge funds, family offices and speciality financiers. The Bank of International Settlements estimates its size at $227 trillion as at 2021, almost half the size of the global financial sector up from 42 percent in 2008.
www.newindianexpress.com/web-only/2023/...buried-2559133.html
The dangerous growth of shadow banking: Since the global financial crisis, regulators have restricted the lending abilities of traditional banks, leaving the riskier bits to non-bank financial institutions. The policy may have gravely backfired
www.worldfinance.com/special-reports/...ead-of-shadow-banking