Posts by Josh Galper

A US Treasury yield curve inversion: with new regulations, this may have nothing to do with recession expectations

Finalizing Basel III: the revised Leverage Ratio gets a thumbs down and really isn’t final anyhow

Implementing Change in 2018

What does “recalibrating” the Leverage Ratio mean?

Our thoughts on CCPs and repo market efficiencies

Finadium Report: Analysis from the US Rates & Repo 2017 Conference

Finadium’s Zurich 2017 seclending and repo event: summary and our presentation (Premium)

Regulatory roundup: Powell confirmation, UK Financial Stability, BoJ on local bonds, ECB on unsecured rates and more (Premium)

Is the FRTB on semi-permanent hold?

Our analysis of IOSCO’s latest hedge fund survey (Premium)

CM2025: the physical market rebounds

US borrowers reviewing beneficial owners for collateral comfort (Premium)

From Brussels to New York, our observations on Peer to Peer and European government regulation (Premium)

Finadium: European Prime Brokerage Survey: Customers, Capital and Business Models

Why you should care about off-the-run US Treasury trading platforms

Recent layoffs in securities finance show the impact of technology (Premium)

Could Amazon or Facebook become a CCP?

A strange situation in Slovenia shows a threat to Central Bank independence

Are carve-outs in national versions of the Leverage Ratio a good idea?

Highlights from the Fed’s Alternative Reference Rates Committee Roundtable (Premium)

CFTC Chief Giancarlo calls EU regulatory proposals “disruptive, expensive and detrimental” to the US

Finadium Big Ideas Quarterly Q4 2017 now online

Recap of Finadium’s Rates & Repo Conference 2017 in New York

Debating solutions to the US Supplementary Leverage Ratio problem (Premium)

An activities-based approach to regulation from the US Treasury report on asset managers and insurance companies (Premium)

Finadium: The Global Tri-party Services Market in 2017: A Finadium Survey

What’s better, legacy or enterprise technology in securities finance and collateral management?

Hong Kong, Singapore or EU post-Brexit: will Advanced Approach bank capital models be a consideration? (Premium)

Fed Chair Janet Yellen on unconventional interest rate policy management tools

Finadium: Legacy Systems in Capital Markets: Enhance, Augment or Replace?

How robust is the argument for term LIBOR vs. overnight repo benchmarks? (Premium)

Inefficiencies in securities lending client set ups can be solved with a bit of effort

Is the European repo market in recovery? The latest ICMA survey suggests some direction

There are impacts from the US securities lending lawsuit no matter what happens (Premium)

Finadium: Repo Benchmarks as a LIBOR Replacement

Towards a central collateral utility: the value proposition of CSDs in collateral services

Rates & Repo event update: who is coming and featured panels

Our business model for starting a new securities lending agent today (Premium)

Our analysis of the US Treasury October 2017 report on Capital Markets (Premium)

The Basel Committee’s “national discretion” for NSFR derivatives liabilities is not enough to justify implementation

How many tri-party agents should there be? (Premium)

Our slides from the Oct 3 London event, “Market Competition, Europe and US regulations” (Premium)

An ECB Reverse Repo Facility is a painful idea, even if it may be necessary

What happens when tapering decreases the amount of availability on the Reverse Repo Facility? (Premium)

ASIFMA and ICMA publish a pilot survey on Asian repo; we compare their findings against our own surveys (Premium)

Finadium: The Business Case for Robotic Process Automation in Capital Markets

The European Commission doubles down on an integrated financial supervisory regime

Credit Suisse’s Zoltan Pozsar on sterilization, repo and FX Swaps (Premium)

Finadium: Can ETFs Replace Cash Accounts?

SFM Magazine, Fall 2017, is now online