Wednesday, June 2, 2021

Managing Cash for Changing Flows and Structures

Securities Finance Strategies: 1988 - 2005

Author: Ed Blount

Since 1980, the cash-based securities lending program has evolved to become the prevalent form of collateral management model in the United States. By 2005, U.S.-domiciled insurers, pension funds, mutual funds and corporate treasurers had securities valued at more than $1.25 trillion on loan. This evolution has not come without difficulties. In the 1990s, securities lenders found that a rising interest rate environment suddenly depressed the value of their cash collateral investments, in...

Comments (0)

Number of views (3203)

Full Article

Categories: All, Traditions

Tags:

Thursday, June 25, 2020

Governance in the Age of Financial Crises

Use Cases from 2008: General Motors and ING

Author: Ed Blount

In the coming corporate bankruptcy crisis, banks and companies perceived as bad actors in society will find their resolution terms to be very harsh. To avoid being diluted or even wiped out, large shareholders and corporate boards of directors must be constantly vigilant in exercising their oversight duties. Stakeholders must enforce policies which require company management to act in a socially responsible fashion.

Comments (0)

Number of views (4666)

Full Article

Categories: All, Traditions, Cross-Post

Tags:

Tuesday, March 5, 2019

Securities Processing: Big Tasks Lie Ahead

by Ed Blount (Reprinted from the Banking Journal of the American Bankers Association, May 1981)

Author: Ed Blount

The nature of the securities business has changed dramatically in the last decade. A full understanding of those changes is necessary in order to appreciate the challenges facing the industry in the Eighties. Impressive strides have been made since the days of the back-office disaster scenes in the late Sixties and early Seventies that forced over 100 brokerage firms to go "belly up." Virtually all major brokers have automated their order entry process. Many have also developed the...

Comments (0)

Number of views (6329)

Full Article

Categories: Traditions, Cross-Post

Tags:

Tuesday, May 12, 2015

The Origins of Trusts and Fiduciary Duties

Foundations of Capital Markets

Author: David Schwartz J.D. CPA

A trust is a fiduciary arrangement that allows one party to transfer assets to a third party, or trustee, to hold assets on behalf of a single beneficiary or a number of beneficiaries. Trusts have myriad uses and are employed across a wide variety of property transfers, transactions, testamentary bequests, and business arrangements. They are so useful because they are so very flexible and can be custom tailored to restrict exactly how the assets are to be managed during the life of the...

Comments (0)

Number of views (16628)

Full Article

Categories: All, Traditions

Tags: Fiduciary Duty, Trusts

Wednesday, October 16, 2013

Collateral Analysis:

“Among the duties of the president is that of constantly reviewing the credits of the bank.”

Author: David Schwartz J.D. CPA

Nineteenth century commercial banks earned their profits to a large extent by financing the inventories of shopkeepers and their supply chains. The expansion of manufacturing during the Industrial Revolution resulted in lower prices, broader distribution channels and an explosion in mercantile trade. As the first department stores were developed in the early 1850s, merchants increasingly asked for greater lines of credit to support their growing businesses.

Comments (0)

Number of views (8139)

Full Article

Categories: All, Traditions

Tags:

Commentary

Managing Cash for Changing Flows and Structures

Securities Finance Strategies: 1988 - 2005

Governance in the Age of Financial Crises

Use Cases from 2008: General Motors and ING

Securities Processing: Big Tasks Lie Ahead

by Ed Blount (Reprinted from the Banking Journal of the American Bankers Association, May 1981)

The Origins of Trusts and Fiduciary Duties

Foundations of Capital Markets

Collateral Analysis:

“Among the duties of the president is that of constantly reviewing the credits of the bank.”

Journal Commentaries

Keep Regulation Functional (October 2008)

The Bear Market Posse, or Counterparty Risk Management during the Recent Turmoil (Sept. 2008)

Searching for New Paradigms at BIS (July 2008)

Will Basel II Affect The Competitive Landscape? (September 2003)