From Wired Magazine: “Overstock CEO Uses Bitcoin Tech to Spill Wall Street Secret”. The secret is sec lending.

It isn’t often we write about articles in Wired Magazine, but this one you have to read. Combine bitcoin, blockchain, the CEO of overstock.com, and securities lending and you get…

More on the OFR ranking large banks on systemic risk

The Office of Financial Research (OFR) published on February 12, 2015 “Systemic Importance Indicators for 33 U.S. Bank Holding Companies: An Overview of Recent Data“ by Meraj Allahrakha, Paul Glasserman,…

Part II: The Fed releases rules on capital for GSIBs, includes extra requirements for securities financing trades

This is part II of our post on the Fed’s new capital rules. We look at the calculation methodology and some observations about the rules. Continue reading

Part I: The Fed releases rules on capital for GSIBs, includes extra requirements for securities financing trades

The Fed has released the latest capital rules for Global Systemically Important Bank Holding Companies (GSIBs). One critical part of this set of rules is the inclusion of a second…