Should declining liquidity in the US Treasury markets push haircuts on UST repo up? We think there is a good case.
Fed’s Dec. 2014 Senior Credit Officer Opinion Survey (SCOOS): balance sheet tightening, margins and volatility
SEC Chair Mary Jo White on seclending transparency for asset managers, and our recommendations on specifics
Pimco Total Return Fund reduces cash & repo in favor of futures exposure. Are they feeling the lack of liquidity in repo?
What we learned at the Finadium Zurich Securities Lending and Repo Update last week (Premium Content)
US regulators propose margin rules on non-cleared derivatives. Did they give non-financial end users a pass or not?
Required Collateral on Cleared Derivatives at FCMs has been growing, but overall numbers remain remarkably low
New reports and articles on collateral for non-cleared derivatives; what are they saying? (Premium content)
The Harvard Law School Forum article "Nationalize the Clearinghouses" — the author may have jumped the gun
Thursday news roundup: defining liquidity, Moody’s, seclending CCPs, non-bank financial credit providers
TRS as the next financing tool? Reuters and the FT have the story and we have some conclusions (Finadium subscribers only)
"Reforming Major Interest Rate Benchmarks" from the FSB looks at using GCF repo as derivatives benchmark
"Embedded Financing: The Unsung Virtue of Derivatives”: An article from the Journal of Derivatives that every securities financing professional should read
What happens when derivatives trading has more volume than the underlying? Is this the future for bond markets? (Finadium subscribers only)
Wednesday News Roundup: repo failures, Germany collateralizes, bank benefits from collateral (Finadium subscribers only)
OTC Derivatives Market Notional Tops $700 trillion. But Gross Credit Exposure — the number to watch — drops to $3 trillion.
A look at the new ISDA Margin Survey: cash vs. securities and who is doing the collateral optimization