Today’s financial innovation will impact tomorrow’s conduct rules – and the fines that come with misconduct
Sovereigns and OTC Derivatives Clearing: the rules are a mess. We look at an excellent paper from BNYM.
Singh and Stella on the velocity of collateral: banks just don't trust each other. We think there is more to it.
Has MF Global Revealed a Fatal Flaw in CCP Margin Procedures? An Analysis of MF Global’s Margin Failure