June 2015 Federal Reserve Senior Credit Officer Opinion Survey on Dealer Financing Terms (SCOOS) special questions: what happened to fixed-income liquidity?
The Fed’s Senior Credit Officer Opinion Survey (SCOOS) on Dealer Financing Terms shows some hints of repo markets to come
Bloomberg article: “Who Will Save the Repo Market? Barclays Has a Few Ideas”. Some ideas might have been missed.
OFR Financial Stability Monitor tracks drivers behind markets. We take a close look at Funding/Liquidity.
The Fed updates on Tri-Party Repo Reform. What is left to do: cross-clearer GCF and post-default fire sales.
Will the OFR and NY Fed Repo tracking project capture financing outside of traditional repo products? Not likely.
BCBS, IOSCO and IAIS release joint report on risk management. They address collateral shortages and illiquid margin.
The Fed releases proposed rules on using Muni bonds for LCR requirements. But the devil is in the details.
Tri-Party Repo: Liberty Street Economics blog looks at the history and BNYM announces the end of secured credit exposure (aka “unwind”/”rewind”)
The Systemic Risk Council publishes an interactive tool for looking at bank stats. We especially like “Short Term Noncore Funding as a Percent of Total Assets”.
The FDIC rejects living wills from the U.S. units of BNP, HSBC and RBS. The Fed was not very happy either.
The Fed publishes “Overnight RRP Operations as a Monetary Policy Tool: Some Design Considerations”, a look at the RRP program objectives and risks, Part II
The Fed publishes “Overnight RRP Operations as a Monetary Policy Tool: Some Design Considerations”, a look at the RRP program objectives and risks, Part I
As banks figure out how to allocate capital and liquidity expenses, the cost of clearing swaps is going a lot higher….
Office of Financial Research (OFR) on large US banks and systemic risk: what indicators are they looking at?
Some additional observations from the IMN Beneficial Owners Conference in San Francisco: dealers predicting the future
Should declining liquidity in the US Treasury markets push haircuts on UST repo up? We think there is a good case.
