Cash is king in the FRB “Senior Credit Officer Opinion Survey on Financing Terms”. We look at the questions they ask on collateral posted in OTC derivatives.
“The Fed’s Emergency Liquidity Facilities during the Financial Crisis: The CPFF”: a new post at the NY Fed's Liberty Street Economics blog is worth a read
Sovereigns and OTC Derivatives Clearing: the rules are a mess. We look at an excellent paper from BNYM.
Singh and Stella on the velocity of collateral: banks just don't trust each other. We think there is more to it.
“Replumbing Our Financial System: Uneven Progress” by Darrell Duffie: turn tri-party clearing into a "dedicated regulated utility"
IMN Beneficial Owners' Securities Lending Conference: a review of the regulatory issues facing the industry
Bank of England's Tucker: "There is a big gap in the regimes for CCPs – what happens if they go bust? I can tell you the simple answer: mayhem."
The just released Bank of England Quarterly Report 2011:Q3 includes an interesting article on Securities Lending