The Fed’s new rules for foreign banks and its outcomes

February 27, 2014

Dodd-Frank, Europe, Federal Reserve, Primary Dealers, Repo, US

Capital Charges, capital ratios, cost of capital, Repo

On Tuesday February 18 the Federal Reserve Board unanimously approved its new regulatory structure for foreign banks with significant operations in the United States. This article summarizes the rules and…

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

November 13, 2013

Josh Galper

Basel III, Federal Reserve, Regulatory, Repo

Capital Charges, Federal Reserve, Jeremy Stein, LCR, Leverage Ratio, Repo SFTs

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This conversation keeps coming back around and we’re not yet satisfied with the conclusions that we are hearing. Most recently, Fed Governor Jeremy Stein brought it up again. The tricky…

Should prime brokers think about "agency" securities lending for hedge funds?

October 21, 2011

Josh Galper

Securities Lending

Basel III, Capital Charges, Securities Lending

No Comments

Now, before you skip this post as crazy, hear me out. The question here is whether banks may look at the capital charges for equities securities loans done as principal…

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