Balance sheet

Basel III, Collateral Management, Derivatives

Balance sheet, banks, Basel III, topstory, Total Return Swaps

This Finadium report investigates current dynamics in the Total Return Swaps market with a focus on bank resource optimization. We deliver market sizing through H2 2020 and analyze the dynamics…

Fed prohibits large bank share repurchases and caps dividends for Q4 2020, ensuring ample balance sheets for year end

October 1, 2020

Balance sheet, buybacks, dividends, Federal Reserve

Due to the continued economic uncertainty from the coronavirus response, the Federal Reserve Board on Wednesday announced it will extend for an additional quarter several measures to ensure that large…

State Street, J.P. Morgan, Citi invest $11mn in SaaS platform Capitolis

September 12, 2020

Anna Reitman

News and Notes – Fintech

Balance sheet, Capitolis, Citi, J.P. Morgan, optimization, SaaS, State Street

Capitolis announced the completion of a strategic investment from Citi, J.P. Morgan and State Street that Reuters reported was valued at $11 million. The transaction represents a collaborative effort by…

Wells Fargo’s Jennifer Imler on funding and liquidity markets during COVID-19 (Premium)

May 27, 2020

Anna Reitman

Repo

Balance sheet, bank funding, coronavirus, COVID-19, Jennifer Imler, LCR, Liquidity Management, SLR, topstory, Wells Fargo

While the markets are still bracing for what the next phase of the global economy will bring, there’s forensic analysis of what Q1’s dislocation implies for funding and liquidity. Jennifer…

Really, what happens if US dealers run out of balance sheet for funding? (Premium)

September 3, 2019

Repo

Balance sheet, Repo, topstory, US Treasuries

It’s time to rethink some long-held assumptions in financial markets. Continuously rising US Treasury issuance will have its natural consequences: it’s not possible for funding markets to take on a limitless…

Fed’s Powell on balance sheet normalization and the effective lower bound

March 9, 2019

Balance sheet, effective lower bound, Federal Reserve, Jerome Powell

Monetary Policy: Normalization and the Road Ahead Chair Jerome H. Powell At the 2019 SIEPR Economic Summit, Stanford Institute of Economic Policy Research, Stanford, California March 08, 2019 The Committee…

Closer dealer cooperation is now a global trend in securities finance

November 7, 2018

Repo

Balance sheet, Liquidity, Rates & Repo 2018, Repo, topstory

We’ve heard repo dealers confirm in both London and New York that they now see cooperation with their counterparties as a key requirement for the trading relationship. It’s high time…

NY Fed weighs operational options in reducing its balance sheet

May 7, 2018

Anna Reitman

Balance sheet, Federal Reserve Bank of New York

Excerpts from remarks by Lorie Logan, Senior Vice President, New York Fed at the Policy Conference on Currencies, Capital, and Central Bank Balances, Stanford University Last October, the Federal Reserve…

Finadium US Prime Brokerage Survey: Customers, Capital and Business Models

June 28, 2017

Prime Brokerage, US

Balance sheet, Finadium, Prime Brokerage, Profitability, topstory

It’s not the Wild West anymore; US prime brokerage has matured. Prime brokers still provide core critical services to the professional and institutional investment community that include market access, execution,…

FT Alphaville: Reminder: A “normalised” Fed balance sheet won’t be normal-sized

May 25, 2017

Balance sheet, Federal Reserve, FT

Here’s another reminder, this time from New York Fed staffer Lorie Logan: While the Federal Reserve plans to cut the size of its balance sheet, it probably won’t end up shrinking that…

Regime Change! The democratization of the clearing landscape

June 15, 2016

Michael Cyrus

CCP, Collateral Management, Credit Exposure, Derivatives, Europe, Prime Brokerage, Regulatory

Balance sheet, Clearing, credit intermediation, derivatives, topstory

Banks will see their clearing business become bifurcated by tail–risk and credit intermediation, part of which will stay on their balance sheet, alongside a service and infrastructure piece that will…

Trade Date Transparency = Capital Savings

April 7, 2016

mstan

Basel III, Operations, Settlements, Technology

Balance sheet, capital costs, operations, Pirum, topstory, trade date transparency

Financial markets are paying attention to capital and balance sheet as a top priority: this fact is driving trading decisions and redefining decades-old relationships. Banks and other regulated institutions are…

Finadium report: The Capital Cost Calculator

January 21, 2016

Credit Exposure, Derivatives, Repo, Securities Lending, Technology

Balance sheet, capital costs, Credit Exposure, Finadium, topstory

Finadium has produced a business plan template for institutions wanting to create their own Capital Cost Calculator. This is a new idea in financial markets that gives traders, treasury groups…

Finadium: Balance Sheet Optimization Strategies (Self-Funding) for Hedge Funds and Other Alternative Asset Managers

November 12, 2015

Basel III, Collateral Management, Derivatives, Hedge Funds, Investments, Prime Brokerage, Regulatory, Repo, Securities Lending, Technology

Balance sheet, Finadium, hedge funds, optimization, self-funding, topstory

Finadium has released a new Executive Briefing report on balance sheet optimization strategies for hedge funds. Hedge funds and other alternative asset managers have been hearing about balance sheet optimization,…

Prime Brokerage and Balance Sheet Optimisation: Lessons from the Societe Generale Experience

October 19, 2015

mstan

Basel III, Collateral Management, Credit Exposure, Derivatives, Prime Brokerage, Regulatory

Balance sheet, CCPs, hedge funds, Prime Brokerage, Societe Generale, topstory

The industry-wide topic of balance sheet optimisation has hung in the air like a fog for the last three years. We at Societe Generale are now seeing what this means…

Five reasons why prime brokers say different things about balance sheet scarcity to their hedge fund clients (Premium Content)

September 23, 2015

Basel III, Credit Exposure, Hedge Funds, Investments, Liquidity Management, Prime Brokerage, Regulatory

Balance sheet, corporate bond liquidity, hedge funds, Liquidity, prime brokers, Regulation, topstory

We were recently asked why prime brokers are reporting different information to their hedge fund clients on why balance sheets have been tightening. The “balance sheet is scarce” story might…

Citi report on hedge funds and collateral: modeling an efficient counterparty

July 15, 2014

Collateral Management, Hedge Funds, Investments, Prime Brokerage

asset managers, Balance sheet, Citi, hedge funds, long/short, prime brokers

Citi Investor Services released a big hedge fund study, “Opportunities and Challenges for Hedge Funds in the Coming Era of Optimization,” the other week. While much of this contains older…

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

July 2, 2014

Basel III, CCP, Regulatory

Balance sheet, Basel III, CCPs