Regulatory

Part II: The Fed releases rules on capital for GSIBs, includes extra requirements for securities financing trades

Part I: The Fed releases rules on capital for GSIBs, includes extra requirements for securities financing trades

Finadium launches Finadium for Investors, a new subscription series

Office of Financial Research takes a look at repo and sec lending data collection

Fed releases request for public comment on regulating GE Capital. These rules will keep GECC busy for a while.

Wednesday news roundup: corporate bond liquidity; the leverage ratio; asset managers and capital requirements (Premium Content)

The Fed’s Tarullo: beefing up liquidity regulation wherever liquidity emerges

What is the right business model for FI: agency, principal or a mix of both?

The FSB on securities finance data collection and aggregation: a good start but there are some tough points to resolve

The Bank of England explicitly includes CCPs for LOLR access. It is good policy.

NSFR rules finalized….but still confusing as ever

The ECB’s stress tests: what got stressed and what do the results mean?

The Bank of England on CCP default funds: is "cover 2" enough?

A handy overview of SLR from Davis Polk including treatment of repo-style transactions

The FSB widens the net on minimum haircuts

European rules on investment managers reporting securities financing to trade repositories — will they scare away lenders?

Thursday news roundup: who wins in 2020; ring-fencing; T+2

Fed's Potter outlines how they will raise rates….using higher IOER as a magnet. We think RRP is a better tool.

Short selling rules around the world (Premium Content)

What should be part of the LCR buffer: risk managers say no to covered bonds

Finadium: Netting Rules for Repo, Securities Lending and Prime Brokerage

BIS calls for “Intense Review” of data on European deflation

Do fees for LIBOR speed the way towards a repo benchmark rate?

The BIS weighs in on collateral management's opportunities and risks

Updates to the LCR rules: some winners, some losers

The Fed’s Tarullo signals another tax on short-term funding

US regulators propose margin rules on non-cleared derivatives. Did they give non-financial end users a pass or not?

Are the new European repo numbers an indicator of future market development? (Premium Content)

Two papers from the ECB on liquidity crunches and stress indices

WSJ on repo: the news is still depressing

The Harvard Law School Forum article "Nationalize the Clearinghouses" — the author may have jumped the gun

Cross margining of derivatives: can it work?

Thursday news roundup: defining liquidity, Moody’s, seclending CCPs, non-bank financial credit providers

Sheila Blair on RRP: Not a fan

TRS as the next financing tool? Reuters and the FT have the story and we have some conclusions (Finadium subscribers only)

WSJ writes about increase in bank UST positions being a Volcker Rule dodge. We wonder if it might be about LCR compliance?

"Embedded Financing: The Unsung Virtue of Derivatives”: An article from the Journal of Derivatives that every securities financing professional should read

The Economist writes about repo: “Neither liquid nor solid” and blames tight specials markets on regulatory change. Sorry, but no.

Zoltan Pozsar's new paper “Shadow Banking: The Money View”: some very interesting ideas on how to use the Fed's reverse repo program

The Balance Sheet Haves versus the Balance Sheet Have-Nots (Finadium subscribers only)

ESMA looks at fixed income liquidity and finds very little

Finadium: Preparing for Risk-Based Margining of Non-Cleared Derivatives (free via Murex)

Shadow Banking: recent articles and speeches

Highlights from the FSOC 2014 Annual Report for securities lending and collateral management

Crane Data releases April Money Market Fund numbers — repo takes it on the chin

Highlights from comment letters on the Net Stable Funding Ratio (Finadium subscribers only)

GCF Repo and tri-party extensions of credit: a problem still not resolved

What's the right counterparty exposure limit to CCPs? (Finadium subscribers only)

The solution to the fire-sale problem is buy and hold, but who will put up the cash?

The next proposed US rules: adjusting the denominator of the Leverage Ratio (Finadium subscribers only)