Fed's LSE blog chimes in on why not to lower Interest on Excess Reserves rate; we think they miss the point
“The Fed’s Emergency Liquidity Facilities during the Financial Crisis: The CPFF”: a new post at the NY Fed's Liberty Street Economics blog is worth a read
US Treasury Borrowing Advisory Committee, in an about face, throws support to GCF Repo Indices as benchmark for UST Floaters
Fitch publishes “Repos: A Deep Dive in the Collateral Pool”, an update to the tri-party repo market for less liquid collateral
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.
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.
LCH.Clearnet to buy International Derivatives Clearing Group, putting another piece in the clearing puzzle
The Fed Senior Credit Officer Opinion Survey on Dealer Financing Terms: it's the special questions that count
