“Matching Collateral Supply and Financing Demands in Dealer Banks” in the NY Fed’s Economic Policy Review. They really don’t like repo netting.
Economic Policy Review, Goldman Sachs, IFRS, matched book, Merrill Lynch, Morgan Stanley, prime brokers, repo netting, U.S. GAAP
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A fascinating article appeared in the NY Fed’s March 2014 (Volume 20, Number 2) Economic Policy Review. “Matching Collateral Supply and Financing Demands in Dealer Banks” by Adam Kirk, James…
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