Control staff urged to consider secondary effects of Swiss National Bank move #traderfundingrisk #CHF

Nicolas Corry

Nicolas Corry, Managing Director, nicolas.corry@skadilimited.com

Skadi Limited releases trader funding alert #traderfundingrisk

Nicolas Corry

Nicolas Corry, Managing Director, nicolas.corry@skadilimited.com

On Monday, the Russian Central Bank took bold action, raising interest rates by the most in 16 years. Elsewhere around the Emerging Markets risk premia rose, with a knock on effect to volatility. Interest Rate rises of this kind were witnessed in 1997 and 1998 when Central Banks’ sole objectives were stabilising currencies. What gives us grave concern is that Trader Funding Risk remains, in our eyes, a risk for many banks.

Ammunition for the regulation industry

William Vincent, Senior Consultant, william.vincent@skadilimited.com

The December BIS Quarterly review contains an interesting piece which analyses the performance since 2007 of the three main classes of banks – retail funded, wholesale funded and trading led.

 

Its broad conclusions are:

 

Skadi Limited helps Britain’s race walk Champion @TomBosworth reach his @talentbacker target

Tom Bosworth has his sights set on a top 10 finish at the Rio de Janeiro Olympics. In order to achieve that Tom is looking for funding to allow him to train full time. Skadi Limited made a contribution this morning through Talent Backer to make sure Tom achieved his target before the deadline closed. By way of thanks Tom has kindly offered to give the young race walkers at Blackheath and Bromley Harriers AC some coaching.

The burden on bank management gets ever heavier

William Vincent, Senior Consultant, william.vincent@skadilimited.com

Mark Carney’s words in Singapore are enough to send a chill down the back of any senior manager in any bank. He said that the succession of scandals:

“mean it is simply untenable now to argue that the problem is one of a few bad apples. The issue is with the barrels in which they are stored”.

HSBC’s risk aversion warning highlights challenge facing Auditors

William Vincent, Senior Consultant, william.vincent@skadilimited.com

Bank Chairmen tend to be diplomatic people, so recent comments made by Douglas Flint, HSBC’s Chairman, are truly remarkable.

 

Growth of Alternative Trading Venues poses IPV challenge, submission risk

Clive Bastow, Senior Consultant, clive.bastow@skadilimited.com

Dollar strength poses Trader Funding Risk

Nicolas Corry, Managing Director, nicolas.corry@skadilimited.com

Hong Kong Liquidity Risk

Nicolas Corry

Nicolas Corry, Managing Director, nicolas.corry@skadilimited.com

Pimco ETF Probe Spotlighting $270 Billion Market Vexing FSB

Pimco ETF Probe Spotlights $270 Billion Market Vexing Regulators via @BloombergNews #ETFscrutiny