Regulatory

The Net Stable Funding Ratio (NSFR) and repo market liquidity: A Basel accident or an effort at extreme risk mitigation?

“Matching Collateral Supply and Financing Demands in Dealer Banks” in the NY Fed’s Economic Policy Review. They really don’t like repo netting.

Global regulators in defense of "Balkanization" – a poor option but trust is lacking

A conversation with Winthrop H. Smith Jr, former senior Merrill Lynch executive

Some things we heard at the Finadium Conference

Presentation: Innovating for the Basel III and Dodd-Frank World (Finadium subscribers only)

Monday news roundup: global CCP liquidity, SEC goes after repo and more (Finadium subscribers only)

The Future of RMBS Repo

The SEC's proposed rules on CCPs: tough new requirements or just business as usual?

The Korea Exchange: A cautionary tale on CCP waterfalls and non-defaulting members taking the loss

The FICC’s (Partial) Solution to Fire Sales

SunGard report: how financial firms win in the face of regulatory change

Finadium report: The US Repo Market in 2014

Collateral Management: Outsource, Insource or Cloud. Which way to go?

The fact is, change in seclending and repo will do some good (Finadium subscribers only)

Whatever happened to the collateral transformation trade? (Part 2 of 2, Finadium subscribers only)

Whatever happened to the collateral transformation trade? (Part 1 of 2)

Teeth-gritting selections from the latest CPSS-IOSCO comment letters on CCPs

Tri-party equity repo jumps up 40% yoy as repo desks shift to more volatile collateral in search of P&L. But will the Fed look kindly?

The Liberty Street Economics Blog takes a look at the funding crisis of 1763. Is it déjà vu all over again?

Finadium: Institutions on Seclending and Collateral Management

More ideas on OTC trade repositories from the Financial Stability Board

Things we learned and said at IMN last week (Finadium subscribers only)

The Top 50 Counterparties Report – a good idea but more work is needed on data quality

Wednesday News Roundup: everyone can be a SIFI, the staying power of regulatory arbitrage (Finadium subscribers only)

Did the BIS give the securities financing business a (slightly delayed) Christmas gift?

Corporate Bond Liquidity: Going, Going, Gone….

BIS releases new report on RWA consistency across banks; will it push standardized model inputs?

The BIS report weighs in on long-term trends in the derivatives market

Five ways to use or misuse the term "Shadow Banking" (Finadium subscribers only)

Regulatory pendulum starting to favor liquidity instead of Shadow Banking restrictions

Finadium report: Collateral Segregation Rules and Risk Mitigation in the US and UK

Bloomberg: Fed Reverse Repo Facility showing impact

Zoltan Pozsar: "Shadow banking and the global financial ecosystem". A thoughtful new take on shadow banking.

CFTC rules on CCP liquidity facilities: Treasuries need to be covered.

Correction on our Fed Reverse Repo report

Finadium report: The Federal Reserve, Reverse Repo, Collateral and Benchmarks

What will be the gating factor in sec finance, the LCR or the Leverage Ratio?

Tuesday news roundup: modeling risk assets, illiquid collateral, EU money markets and CCP transparency

Regulators ask for ISDA to delay derivatives liquidations; is repo next?

IOSCO builds new measurements for hedge fund leverage; this is a work in progress but shows good forward momentum

France says European FTT goes too far – no kidding, but thanks for pointing it out

The Fed has released their LCR rules with a couple surprises

Wait a minute Bloomberg, we didn't say that about Collateralized CP

White paper argues up to 97% savings from using a securities lending CCP, but best to look a little closer before repeating those figures

The CFTC and liquidity rules for DCOs: do they need committed repo facilities for their US Treasuries?

Where will all that required CCP and resolution authority liquidity actually come from?

Fed Governor Stein has some ideas on how to mitigate fire sale risk

Why gross up exposures for fully collateralized transactions? The ICMA and ISLA respond to new Leverage Ratio proposals.

Demand for people with collateral management skills: banking's next hot job sector?