Posts by Josh Galper

ABCP and structured products in secfinance are freeing up balance sheet and regulatory constraints

Not always exciting but very important, the digitization of documentation in securities finance picks up steam

Mandatory clearing of UST repo is a fine idea but expect a hit to market liquidity

What transparency on leverage is needed after Archegos and LDI-driven Gilt volatility?

Finadium Survey: Asset Managers on Securities Lending 2022

Impacts of the SEC’s N-PX rule on reporting securities loans over proxy vote dates

As part of Singapore’s Project Orchid, DBS has launched a bank stablecoin pilot

China’s selling of US Treasuries: dumping vs. FX volatility management

Finadium Big Ideas Quarterly Q4 2022 now online

Big tech’s entry into capital markets will start with risk management

Gilt lessons: CCPs and market confidence in secured financing markets

An argument for expanding access to the Fed’s Standing Repo Facility, and a rebuttal

Finadium: Bank Stablecoins vs. Central Bank Digital Currencies for Capital Markets

Market participants are asking Eurex to restart the Lending CCP

Key takeaways from RMA’s 2022 securities lending conference

Who is really the biggest prime broker?

Federal Reserve eyes balance sheet flexibility for banks – is a return to the UST exemption on the table?

Beneficial owners say that agent lender ESG tools are delivering real value

Getting ready for Rates & Repo on November 2-3, 2022

Gilt collateral is operationally intense but orderly this week, say market participants

Videos: hear from market leaders at EquiLend, FIS and Transcend on Data and Digitization

RRP use tears upwards – what will break the trend?

In Europe, capping agency lending fees at 10% would be the wrong choice

Finadium: OTC equity derivatives database; client webinar on using Finadium databases

Finadium: Equity Prime Brokerage Revenues from Synthetic and Physical Financing

The SEC’s UST repo clearing proposal suggests winners and losers

What we learned at our Data and Digitization in SecFinance event last week

Revenues and Policy Choices for US Mutual Funds in Securities Lending

Since July 2022, DLR Total Return Swap positions look to be in the money by 50%-80%

CCP collateral at the centre of energy crisis in Europe

European bond liquidity conditions show up in securities finance data

Circle’s USDC reserve assets have US$101 million in repo value

ISDA’s survey of UST repo clearing seems like a missed opportunity

We’re leaning towards bank-issued stablecoins as a better solution than central bank digital currencies

Finadium: Modeling Short Equity Market Exposures with New Datasets

Finadium Big Ideas Quarterly Q3 2022 now online

Academic paper argues that OTC securities lending fees are non-competitive for good reasons

Will our experience of extreme heat result in more ESG collateral ratings?

The best recommendations we’ve heard lately for beneficial owners

“Full-reserve” stablecoins offer near-term opportunities for digitized securities finance businesses

Who is Michael Barr, the Fed’s new vice-chair for supervision?

EquiLend’s 1Source Initiative for DLT and the ripple effect in securities finance

EquiLend launches 1Source, DLT-driven initiative to end reconciliations in securities finance

Finadium: Securities Lending Trends for Beneficial Owners and Hedge Funds

Who should pay for triparty in the age of ESG?

Chanos & Co. plans to short digital REITs – how will they do it?

Finadium is looking for a Team Player in Europe

Six things we learned at our webinar, “ESG Data Services for Securities Finance and Collateral Markets”

Arguments grow for consolidation of industry associations in securities finance and OTC derivatives

The SEC’s 10c-1 rule on reporting available assets to lend is not fit for purpose