Regulatory

Fed's LSE blog chimes in on why not to lower Interest on Excess Reserves rate; we think they miss the point

A new Liberty Street Economics blog post looks at the PDCF

Tuesday roundup: repo index transparency, FSA on LIBOR, ESMA on seclending fees, RMA conference

The UK Investment Management Association wants to talk about clearing and segregation of client assets

Media still reporting inaccuracies in ESMA UCITS guidelines for securities lending

US Tri-Party Repo Reform: "Everyday you are still rolling the dice"

IOSCO/CPSS consultation: what happens when a CCP fails?

Analysis: ESMA's securities lending guidelines for ETFs

Sovereigns and OTC Derivatives Clearing: the rules are a mess. We look at an excellent paper from BNYM.

How banks are talking about Basel III and liquidity

Singh and Stella on the velocity of collateral: banks just don't trust each other. We think there is more to it.

Does it make sense to loosen the requirements of the Liquidity Coverage Ratio?

News on Basel III, money markets, Asian banks and more

Marcus Cree: “A Long Time Ago, in a Galaxy VaR, VaR Away”

Germany may steer the future of the Euro: five impacts for financial markets

Disagreeing with Duffie: central US tri-party clearing utility not the right choice right now

Finadium: The Future of Indemnification in Securities Lending

ESMA's focus for the rest of 2012

Artfully Dodging the Liquidity Coverage Ratio in Securities Lending and Repo.

Collateral Transformation Trades for CCPs: Banks say "Sorry, we can't help you"

“Replumbing Our Financial System: Uneven Progress” by Darrell Duffie: turn tri-party clearing into a "dedicated regulated utility"

Three lessons for a trade repository in securities lending from the Interest Rate Derivatives market

Bank of New York Mellon targets DTC-cleared paper in the next step in tri-party reform. This one is going to hurt.

Central Securities Depositories and the business of collateral management

Should the EU hide short sale reporting in member-state debt but allow it for everything else?

Pro-cyclicality and repo: do regulators understand how haircuts are determined?

BofE's Tucker may turn the tri-party repo market upside-down

Comments on the FSB interim report on repo and securities lending

Getting to the meat and potatoes of Shadow Banking regulation

Does the recent NYPC/LCH.Clearnet deal inch towards a global CCP?

Betting on a trade repository in securities lending and repo

The CME is now accepting corporate bonds as collateral for OTC derivatives…we have some questions

Finadium: Shadow Banking is US$17 trillion industry, not US$60 trillion. Money market funds are not Shadow Banks.

The IMF's Global Financial Stability Report looks at coming collateral shortages

The wickedly slippery slope of new collateral acceptance

A look at the Volcker Rule's impact on market liquidity

Prime brokers vs. custodians as Basel III raises costs for leverage

Cleaning up repo-to-maturity accounting (and adding liquidity risk reporting too)

Gaming the LCR

Clarifications on the Bank of England positions on securities lending

Highlights from EU press conference on Shadow Banking

The battle of the clearinghouses is on: LCH.Clearnet versus the CME

Cheat sheet on IOSCO ETF consultation paper for securities lenders

Intraday securities lending data and government regulation

Bank of England: sending mixed signals and reading tea leaves in securities lending

Bloomberg: Basel Group to Consider Fine Tuning of Draft Bank Liquidity-Rule Changes

Finadium: corporate bonds and equities gaining as high quality assets

What does Liquidity mean for repo-style transactions? An appeal to readers for help

BIS: dealers have enough collateral for initial margin on centrally cleared OTC derivatives

CFTC's "MF Global Rule" is pushing FCM's client cash into repo market