Money Markets

Cash management, Tax

cash, Money Markets, taxation, topstory

We look at US tax repatriation in the context of cash investments including repo liquidity. Anecdotal and government data sources are just starting to tell who is affected. This topic…

BoE goes beneath the surface of sterling money markets

March 26, 2018

Anna Reitman

alternatives to LIBOR, Bank of England, Money Markets, SONIA

To increase market transparency, the BoE intends to use new data to publish summary statistics of activity in the broader sterling money markets on a regular basis. The BoE now collects granular…

EU approves money market reform rules

May 17, 2017

EU, Europe, European Union, Money Markets

EU rules are to be introduced on money market funds, aimed at supporting the role that the €1 trillion market plays in financing the economy. On 16 May 2017, the Council adopted a regulation…

Bank of England: New UK Money Markets Code launched

April 26, 2017

Bank of England, Money Markets

A new, voluntary UK Money Markets Code setting out the standards and best practice expected from participants in the deposit, repo and securities lending markets has been published today (26…

SF Fed: The Growing Importance of China’s Money Market

September 19, 2016

China, Money Markets, SF Fed

China’s money market is growing rapidly and playing an increasingly important role in the financial system. It serves as both a key channel for monetary policy and as a source…

CFTC helps clearinghouses use Fed for customer funds, DCOs can't hold initial margin in prime money market funds

August 9, 2016

CCPs, CFTC, Money Markets

Commission Grants Exemption to Facilitate Customer Accounts for Clearinghouses at Federal Reserve Banks; CFTC Staff Also Announces No-Action Relief and Rule Interpretation Regarding the Use of Money Market Funds by…

Testing the OFR's US Money Market Fund Monitor (Premium)

July 27, 2016

Money Market Funds, Repo, US

Money Markets, OFR, Repo, topstory

The US Office of Financial Research (OFR) has released an online analysis tool, the US Money Market Fund Monitor, for tracking portfolio holdings of US funds. We tested to see…

Finadium survey: Asset Managers on Collateral in Securities Finance

July 20, 2016

Collateral Management, Money Market Funds, Repo, Securities Lending

asset managers, collateral management, Executive Briefing, Finadium survey, Money Markets, Repo, Securities Lending, topstory

This report presents the findings of Finadium’s ninth annual asset manager survey on collateral management in securities finance. The report is based on interviews with 30 asset management firms in…

The SEC shakes up the US institutional money fund industry; institutional prime funds must go to floating NAV

July 24, 2014

Cash management, Investments, SEC, US

constant NAV, floating NAV, Institutional Investors, Money Markets, sec

The SEC has released their long-awaited rules on 2a-7 institutional money market funds and has chosen the floating NAV model. This is a shocker, to be sure. There were many…

Highlights from the FSOC 2014 Annual Report for securities lending and collateral management

May 13, 2014

Financial Stability Oversight Council, FSOC, Indemnification, interest rate risk, Money Markets, Repo, Securities Lending, securities lending indemnification

Dodd-Frank, Regulatory, Repo, Securities Lending, US

The US Financial Stability Oversight Council has released its 2014 Annual Report. This document contains some important forward-looking risks for market professionals in securities finance and collateral management. We highlight…

Tuesday news roundup: modeling risk assets, illiquid collateral, EU money markets and CCP transparency

This edition of News Roundup covers some important issues in securities finance and regulation, including how banks model risk assets, posting illiquid collateral for bilateral trades, the ECB’s money market…

FRB-NY Money and Payments Workshop Examines Repo Market Reform

October 18, 2011

Jonathan Cooper

Liquidity Management, Regulatory, Repo, Tri-Party Repo

collateral management, Credit Markets, Federal Reserve, Lehman, Money Markets, Repo, tri-party repo, Wholesale Funding

I am sure these papers will make for interesting reading. Finadium’s July 2011 research report The New Face of the Repo Market for Investors, Dealers, and Clearers took an in…

Short-Term Debt, Rollover Risk, and Financial Crises

October 12, 2011

Jonathan Cooper

Liquidity Management, Repo

Bear Stearns, Credit Markets, Federal Reserve, Federal Reserve Bank of New York, Liquidity Freeze, Liquidity Management, Money Markets, Repo

Today on the the Federal Reserve Bank of New York’s Liberty Street Economics blog there is an interesting post about the theory behind short term debt markets freezing up in crises.…

New York Fed May Seek Liquidity Details From European Banks

October 3, 2011

Jonathan Cooper

Liquidity Management, Regulatory, Repo, Tri-Party Repo

Credit Markets, Europe, Federal Reserve, Money Markets, Repo, Shadow Banking, tri-party repo, Wholesale Funding