Derivatives, Securities Financing and the Law of Conservation: Transforming Counterparty Risk into Liquidity Risk
As banks figure out how to allocate capital and liquidity expenses, the cost of clearing swaps is going a lot higher….
US regulators propose margin rules on non-cleared derivatives. Did they give non-financial end users a pass or not?
Required Collateral on Cleared Derivatives at FCMs has been growing, but overall numbers remain remarkably low
What happens when derivatives trading has more volume than the underlying? Is this the future for bond markets? (Finadium subscribers only)
OTC Derivatives Market Notional Tops $700 trillion. But Gross Credit Exposure — the number to watch — drops to $3 trillion.
A look at the new ISDA Margin Survey: cash vs. securities and who is doing the collateral optimization
“The roots of shadow banking” by Enrico Perotti: placing the blame for market collapse on repo's safe harbor provisions.
New York Portfolio Clearing to be consolidated into ICE Clear Europe…Is there more to it than cost savings?
ICMA's 25th Repo Survey is released, showing market growth. But the really interesting part is about Italian banks and CCPs.
