Inter-clearer FICC tri-party trading at DTCC will come to an end in July, 2016. Did the Fed just get impatient?
FT article on repo market “Big Investors replace banks in $4.2tn repo market” — the data doesn't make sense
Liberty Street Economics Blog on bilateral and tri-party repo haircut differences: they can't explain it. We can.
Singh and Stella on the velocity of collateral: banks just don't trust each other. We think there is more to it.
Fed Governor Tarullo Beats the Drum on Shadow Banking: We Break Down his Speech for Clues on Future Regulatory Action
“Replumbing Our Financial System: Uneven Progress” by Darrell Duffie: turn tri-party clearing into a "dedicated regulated utility"
Bank of New York Mellon targets DTC-cleared paper in the next step in tri-party reform. This one is going to hurt.
The Fed Senior Credit Officer Opinion Survey on Dealer Financing Terms: it's the special questions that count