What happens when derivatives trading has more volume than the underlying? Is this the future for bond markets? (Finadium subscribers only)
The next proposed US rules: adjusting the denominator of the Leverage Ratio (Finadium subscribers only)
White paper argues up to 97% savings from using a securities lending CCP, but best to look a little closer before repeating those figures
Why gross up exposures for fully collateralized transactions? The ICMA and ISLA respond to new Leverage Ratio proposals.
BIS paper on regulatory simplicity is well worth the read; hopefully this is a shape of things to come
Basel Committee consultation on the Leverage Ratio specifies treatment of collateral and securities finance transactions
Comments on the Fed's Jeremy Stein on the Liquidity Coverage Ratio and Lender of Last Resort: a fascinating speech (Finadium subscribers only)