Bank of New York Mellon targets DTC-cleared paper in the next step in tri-party reform. This one is going to hurt.
Finadium: Shadow Banking is US$17 trillion industry, not US$60 trillion. Money market funds are not Shadow Banks.
Euromoney interview with IMF Economist Manmohan Singh on repo, re-hypothecation, collateral chains, and more
Has MF Global Revealed a Fatal Flaw in CCP Margin Procedures? An Analysis of MF Global’s Margin Failure