by Ed Blount | Feb 19, 2021 | All, Traditions
By Ed Blount and Aaron Gerdeman (reprinted from 2005, emphasis added in June 2021)* 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,...
by David Schwartz J.D. CPA | Apr 15, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
An April 12, 2017 report issued by the Bank for International Settlement’s Committee on the Global Financial System (CGFS) takes stock of the state of repo markets. Drawing on a number of sources, the report surveys the landscape of the repo markets, taking into...
by David Schwartz J.D. CPA | Feb 26, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
On February 24, 2017, the Bank for International Settlements (BIS) published a new set of responses to interpretation questions related to the Net Stable Funding Ratio (NSFR).[1] This release is a follow-up to the initial FAQ published in July of 2016 and includes...
by David Schwartz J.D. CPA | Jan 13, 2017 | All
As we reported in our January 3, 2017 post, a Fed staff report published in December 2016 found that the Volcker Rule was harming bond liquidity. Not a month later, a new Fed staff working paper[1] published this week found that regulations limiting banks’ balance...
by David Schwartz J.D. CPA | Dec 27, 2016 | All, Change Overview and Rationale
By now, all but the most strident luddite has heard of Bitcoin, the notorious stateless crypto-currency. Naturally, financial firms and regulators have started to take notice of Bitcoin. But it is not necessarily the currency they are interested in. Rather, they are...
