Alessandro Aimone
@aimoneale.bsky.social
Editor of Risk Quantum risk.net/riskquantum
Reposted by Alessandro Aimone
I got permission to share this, and I'm extremely grateful for that.
The Onion got this letter from one of our subscribers in Alaska. She works with dementia patients and decided to leave a copy in the car for each one.
This email made my year. Read it and you'll see what I mean. People are good.
The Onion got this letter from one of our subscribers in Alaska. She works with dementia patients and decided to leave a copy in the car for each one.
This email made my year. Read it and you'll see what I mean. People are good.
July 1, 2025 at 6:46 PM
I got permission to share this, and I'm extremely grateful for that.
The Onion got this letter from one of our subscribers in Alaska. She works with dementia patients and decided to leave a copy in the car for each one.
This email made my year. Read it and you'll see what I mean. People are good.
The Onion got this letter from one of our subscribers in Alaska. She works with dementia patients and decided to leave a copy in the car for each one.
This email made my year. Read it and you'll see what I mean. People are good.
What a better way to end your day than a 2,600 word article on the evolution and current state of market risk management?
Our latest analysis looked at 8 years of data from 59 banks in the US, EU and UK.
www.risk.net/risk-quantum...
Our latest analysis looked at 8 years of data from 59 banks in the US, EU and UK.
www.risk.net/risk-quantum...
The IMA map: charting market risk capital under Basel 2.5 - Risk.net
The current market risk framework refuses to be superseded. Risk.net dissects banks’ disclosures to explore how trading book capital requirements have evolved
www.risk.net
June 5, 2025 at 4:23 PM
What a better way to end your day than a 2,600 word article on the evolution and current state of market risk management?
Our latest analysis looked at 8 years of data from 59 banks in the US, EU and UK.
www.risk.net/risk-quantum...
Our latest analysis looked at 8 years of data from 59 banks in the US, EU and UK.
www.risk.net/risk-quantum...
Also, leave financial risk nerds alone ffs
June 3, 2025 at 12:42 PM
Also, leave financial risk nerds alone ffs
Killing (or defunding) the OFR would be bad on so many levels. Very good explainer from the FT here.
June 3, 2025 at 12:41 PM
Killing (or defunding) the OFR would be bad on so many levels. Very good explainer from the FT here.
The implementation of Basel III continues to wreak havoc at European banks.
This time, we analysed Groupe BPCE, which saw CVA capital charges more than double following the switch to the basic approach.
www.risk.net/risk-quantum...
This time, we analysed Groupe BPCE, which saw CVA capital charges more than double following the switch to the basic approach.
www.risk.net/risk-quantum...
CVA capital charges more than double at BPCE post-Basel III - Risk.net
French bank leads European trend of elevated capital requirements under new rules
www.risk.net
June 2, 2025 at 2:17 PM
The implementation of Basel III continues to wreak havoc at European banks.
This time, we analysed Groupe BPCE, which saw CVA capital charges more than double following the switch to the basic approach.
www.risk.net/risk-quantum...
This time, we analysed Groupe BPCE, which saw CVA capital charges more than double following the switch to the basic approach.
www.risk.net/risk-quantum...
Basel III (or a chunk of it anyway) for EU banks is finally here, and the first numbers are in.
BNP Paribas's operational risk capital charges up 60% as the bank retired its internal model and adopted the new standardised approach prescribed by the framework.
www.risk.net/risk-quantum...
BNP Paribas's operational risk capital charges up 60% as the bank retired its internal model and adopted the new standardised approach prescribed by the framework.
www.risk.net/risk-quantum...
May 1, 2025 at 10:26 AM
Basel III (or a chunk of it anyway) for EU banks is finally here, and the first numbers are in.
BNP Paribas's operational risk capital charges up 60% as the bank retired its internal model and adopted the new standardised approach prescribed by the framework.
www.risk.net/risk-quantum...
BNP Paribas's operational risk capital charges up 60% as the bank retired its internal model and adopted the new standardised approach prescribed by the framework.
www.risk.net/risk-quantum...
Required client margins across US FCMs soared by $31bn in the first two weeks of April following Trump’s tariff announcements
www.risk.net/risk-quantum...
www.risk.net/risk-quantum...
Tariff turmoil drives $31bn margin surge at FCMs - Risk.net
JPM and Goldman lead futures brokers to record margin highs amid Trump tariff shock
www.risk.net
April 30, 2025 at 3:18 PM
Required client margins across US FCMs soared by $31bn in the first two weeks of April following Trump’s tariff announcements
www.risk.net/risk-quantum...
www.risk.net/risk-quantum...
Reposted by Alessandro Aimone
Median LCR across the 29 G-Sibs fell in 2024 to 131% – the lowest level since Q1 2020.
www.risk.net/risk-quantum...
www.risk.net/risk-quantum...
April 24, 2025 at 10:23 AM
Median LCR across the 29 G-Sibs fell in 2024 to 131% – the lowest level since Q1 2020.
www.risk.net/risk-quantum...
www.risk.net/risk-quantum...
How I arrived on Bluesky
a man in a suit and tie stands in a room
ALT: a man in a suit and tie stands in a room
media.tenor.com
April 23, 2025 at 7:43 AM
How I arrived on Bluesky
Reposted by Alessandro Aimone
BNP Paribas had largest exposure to the shipping sector at end-2024 of all major European banks. www.risk.net/risk-quantum...
April 22, 2025 at 1:55 PM
BNP Paribas had largest exposure to the shipping sector at end-2024 of all major European banks. www.risk.net/risk-quantum...
Reposted by Alessandro Aimone
Harvard suing over withdrawn federal funding
www.harvard.edu/president/ne...
www.harvard.edu/president/ne...
Upholding Our Values, Defending Our University
Dear Members of the Harvard Community,Over the course of the past week, the federal government has taken several actions following Harvard’s refusal to
www.harvard.edu
April 21, 2025 at 9:27 PM
Harvard suing over withdrawn federal funding
www.harvard.edu/president/ne...
www.harvard.edu/president/ne...
Reposted by Alessandro Aimone
SCOOP: Columbia student Mohsen Mahdawi went into an interview today hoping he would come out a U.S. citizen. Instead, ICE arrested him. theintercept.com/2025/04/14/i...
Palestinian Student Leader Was Called In for Citizenship Interview — Then Arrested by ICE
Palestinian Columbia student leader Mohsen Mahdawi was called in for a citizenship interview. Instead, ICE arrested him for deportation.
theintercept.com
April 14, 2025 at 5:05 PM
SCOOP: Columbia student Mohsen Mahdawi went into an interview today hoping he would come out a U.S. citizen. Instead, ICE arrested him. theintercept.com/2025/04/14/i...
Harvard will fight Trump’s demands
Harvard Will Fight Trump’s Demands | News | The Harvard Crimson
Harvard will not comply with the Trump administration’s demands to dismantle its diversity programming and limit student protests in exchange for its federal funding, University President Alan M. Garb...
www.thecrimson.com
April 14, 2025 at 7:13 PM
Harvard will fight Trump’s demands
AFS and HFT securities are marked to market, meaning losses from falling bond prices hit reported equity or earnings almost immediately. HTM holdings, in contrast, are carried at amortised cost, so declines in market value do not affect capital unless the bonds are sold.
April 11, 2025 at 3:50 PM
AFS and HFT securities are marked to market, meaning losses from falling bond prices hit reported equity or earnings almost immediately. HTM holdings, in contrast, are carried at amortised cost, so declines in market value do not affect capital unless the bonds are sold.
Our analysis shows that the total of $2.27 trillion is split between $1.02 trillion in AFS securities, $507 billion in HTM and $732 billion in HFT.
The accounting treatment matters because it'll determine how much of the recent price slump will feed through to banks’ balance sheets.
The accounting treatment matters because it'll determine how much of the recent price slump will feed through to banks’ balance sheets.
April 11, 2025 at 3:50 PM
Our analysis shows that the total of $2.27 trillion is split between $1.02 trillion in AFS securities, $507 billion in HTM and $732 billion in HFT.
The accounting treatment matters because it'll determine how much of the recent price slump will feed through to banks’ balance sheets.
The accounting treatment matters because it'll determine how much of the recent price slump will feed through to banks’ balance sheets.
As a bond rout intensifies, here's a look at the latest publicly available data on US Treasury holdings at the top 50 US banks 👇👇👇
www.risk.net/risk-quantum...
www.risk.net/risk-quantum...
Bond rout puts pressure on UST holdings at US banks - Risk.net
Banks leaned heavily on mark-to-market Treasuries before April’s sell-off
www.risk.net
April 11, 2025 at 3:39 PM
As a bond rout intensifies, here's a look at the latest publicly available data on US Treasury holdings at the top 50 US banks 👇👇👇
www.risk.net/risk-quantum...
www.risk.net/risk-quantum...
Reposted by Alessandro Aimone
Mind-blowing column by @sarahoconnorft.ft.com (with a hell of a final paragraph)
The US may be reversing course on child labour
Acute strain on the jobs market has encouraged some states to consider reducing restrictions on employing minors
www.ft.com
April 10, 2025 at 11:13 AM
Mind-blowing column by @sarahoconnorft.ft.com (with a hell of a final paragraph)
Reposted by Alessandro Aimone
Dividend futures tied to European stock indexes recorded some of their heaviest trading volumes since the Covid-19 outbreak, hitting a total of €3.5bn in just three days.
www.risk.net/risk-quantum...
www.risk.net/risk-quantum...
US tariffs spur rush to European dividend futures - Risk.net
Turnover hits €3.5bn in three days as traders brace for fallout on corporate balance sheets
www.risk.net
April 10, 2025 at 8:40 AM
Dividend futures tied to European stock indexes recorded some of their heaviest trading volumes since the Covid-19 outbreak, hitting a total of €3.5bn in just three days.
www.risk.net/risk-quantum...
www.risk.net/risk-quantum...
TL;DR: Charles Schwab and Goldman Sachs would benefit the most
April 9, 2025 at 4:25 PM
TL;DR: Charles Schwab and Goldman Sachs would benefit the most
Reposted by Alessandro Aimone
Small beer in retrospect, but one of the little experiments of post Brexit life wasn't just pricing - it's that stuff simply stops being available
*AMAZON CANCELS SOME INVENTORY ORDERS FROM CHINA AFTER TARIFFS
*AMAZON'S CANCELLED ORDERS AFFECT MULITPLE PRODUCTS, VENDORS
*AMAZON'S CANCELLED ORDERS AFFECT MULITPLE PRODUCTS, VENDORS
April 9, 2025 at 2:31 PM
Small beer in retrospect, but one of the little experiments of post Brexit life wasn't just pricing - it's that stuff simply stops being available
Since Bessent mentioned it just now, here's a piece we wrote last month on what exempting US Treasuries from the SLR calculation would look like ->
www.risk.net/risk-quantum...
www.risk.net/risk-quantum...
SLR relief for Treasuries would lift median banks’ ratio by 57bp - Risk.net
Charles Schwab and Goldman Sachs set for biggest boost if Covid-era relief returns
www.risk.net
April 9, 2025 at 12:07 PM
Since Bessent mentioned it just now, here's a piece we wrote last month on what exempting US Treasuries from the SLR calculation would look like ->
www.risk.net/risk-quantum...
www.risk.net/risk-quantum...
From 'trade of the year' to 'pain trade'. How hedge funds rushed to unwind US Treasury cash-futures basis trades
www.risk.net/markets/7961...
www.risk.net/markets/7961...
Trump tariffs turn swaps spreads into ‘pain trade’ - Risk.net
Hedge funds bet big on Treasuries to outperform swaps. The opposite happened.
www.risk.net
April 9, 2025 at 9:00 AM
From 'trade of the year' to 'pain trade'. How hedge funds rushed to unwind US Treasury cash-futures basis trades
www.risk.net/markets/7961...
www.risk.net/markets/7961...
“If by internationalism, you mean we all go to a nice place in Europe, and we come up with some standards, which we then are told we have to take home and impose on our citizens, that’s a problem because that’s not how we do regulation here” 👈 SEC's Hester Peirce
DANG
www.risk.net/regulation/7...
DANG
www.risk.net/regulation/7...
SEC’s Peirce calls for rethink of international standards - Risk.net
Risk Live Boston: regulator rejects international calls for bank-like regulation of investors
www.risk.net
April 8, 2025 at 8:00 PM
“If by internationalism, you mean we all go to a nice place in Europe, and we come up with some standards, which we then are told we have to take home and impose on our citizens, that’s a problem because that’s not how we do regulation here” 👈 SEC's Hester Peirce
DANG
www.risk.net/regulation/7...
DANG
www.risk.net/regulation/7...