Analysis and Interviews

What’s the true cost of future funding? A new methodology for a stock borrow rate curve

Success stories this week in securities finance (Premium)

Finadium: Evolution of the Total Return Swaps Market

The Minneapolis Fed wants a 15% Leverage Ratio and a 1.2% tax on secured financing. That’s one way to reduce risk…

Do EU margin requirements on anti-procyclicality for CCPs help or hurt risk management?

Securities finance as an alpha generator on the buy-side? A FISL NYC and London afternoon session

Finadium: Smart Contract Vendors on Solving Problems in Capital Markets: A Finadium Survey

Artificial Intelligence is one way of several to bridge the manual to STP gap (Premium)

Agenda now online for Finadium Investors in Securities Lending Conference New York, April 11-12 2018

Would you accept a central bank digital currency as collateral? (Premium)

Bank of England on hedge fund and PB risk: better than it used to be but issues remain

How did US and European repo markets fare at the end of 2017? (Premium)

Networked collateral ecosystems will strengthen in 2018

More firms get serious about real-time exposure management for collateral (Premium)

The Basel Committee works to figure out sovereign risk on bank balance sheets

The plot thickens: the first amended complaint on US banks alleging collusion in securities lending shows the fruits of discovery (Premium)

We’re not much worried about US tax reform’s impact on repo, but non-tri-party, non-DvP repo participants should stay alert

A quick primer on “settled-to-market” vs. “collateralized-to-market” in counterparty credit risk (Premium)

ESMA Q&A updates on benchmarks and indirect clearing on CCPs

Collateral management technology vendors on blockchain and Artificial Intelligence (Premium)

Finadium: Collateral Management Technology Vendors in 2017: A Finadium Survey

Morgan Stanley buys 11.4% of Overstock.com – is a conversation about securities lending on the blockchain next? (Premium)

A US Treasury yield curve inversion: with new regulations, this may have nothing to do with recession expectations

Finalizing Basel III: the revised Leverage Ratio gets a thumbs down and really isn’t final anyhow

Implementing Change in 2018

What does “recalibrating” the Leverage Ratio mean?

Our thoughts on CCPs and repo market efficiencies

Finadium Report: Analysis from the US Rates & Repo 2017 Conference

Finadium’s Zurich 2017 seclending and repo event: summary and our presentation (Premium)

Regulatory roundup: Powell confirmation, UK Financial Stability, BoJ on local bonds, ECB on unsecured rates and more (Premium)

Is the FRTB on semi-permanent hold?

The EU’s proposals on CCP location open the door to staggering new risks

Our analysis of IOSCO’s latest hedge fund survey (Premium)

CM2025: the physical market rebounds

US borrowers reviewing beneficial owners for collateral comfort (Premium)

Interfund lending: are repos the right way to get this done?

From Brussels to New York, our observations on Peer to Peer and European government regulation (Premium)

Finadium: European Prime Brokerage Survey: Customers, Capital and Business Models

Why you should care about off-the-run US Treasury trading platforms

Recent layoffs in securities finance show the impact of technology (Premium)

Could Amazon or Facebook become a CCP?

A strange situation in Slovenia shows a threat to Central Bank independence

Are carve-outs in national versions of the Leverage Ratio a good idea?

Highlights from the Fed’s Alternative Reference Rates Committee Roundtable (Premium)

CFTC Chief Giancarlo calls EU regulatory proposals “disruptive, expensive and detrimental” to the US

Finadium Big Ideas Quarterly Q4 2017 now online

Recap of Finadium’s Rates & Repo Conference 2017 in New York

The EU Systemic Risk Board on collateral premia: some logical conclusions and a few open questions

Debating solutions to the US Supplementary Leverage Ratio problem (Premium)

An activities-based approach to regulation from the US Treasury report on asset managers and insurance companies (Premium)