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Clearing conundrum
By Jim Brunsden and Philip Stafford
November 18, 2019, Financial Times
Neither Boris Johnson nor Jeremy Corbyn wants a no-deal Brexit, but the E.U. financial sector is still worrying about …
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Some Investors Resolve to Ring In the New Year by Lending Cash
By Daniel Kruger
November 15, 2019, The Wall Street Journal
Some investors expect a new surge of volatility in short-term money markets at year-end and are preparing to take advantage, …
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Fed’s push into funding markets stirs fears of widening role
By Victoria Guida
November 15, 2019, Politico
The Federal Reserve’s latest effort to calm the financial system — pumping $100 billion a day into trillion-dollar funding markets — is intended …
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Fed Plans Longer Repo Actions to Mitigate Year-End Market Risks
By Alex Harris
November 14, 2019, Bloomberg
The Federal Reserve Bank of New York announced plans to conduct repurchase-agreement operations within the coming month that have longer terms than those …
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Powell Faces Doubt That Fed Really Has Repo Under Control
By Alex Harris
November 14, 2019, Bloomberg
Federal Reserve Chairman Jerome Powell says short-term interest rates are back under control. Not everyone’s convinced.
There’s evidence traders expect pressure to build …
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China central bank injects 200 billion yuan to boost liquidity, keeps rate unchanged
By Winni Zhou and Andrew Gailbraith
November 14, 2019, Reuters
China’s central bank extended 200 billion yuan ($28.60 billion) through its medium-term lending facility on Friday, the second time it …
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Industry bodies urge E.U. to extend temporary equivalence of U.K. CCPs
By Hayley McDowell
November 14, 2019, The Trade
Fourteen trade associations have banded together to urge the European Commission to extend the temporary equivalence and recognition of U.K. central counterparties …
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In swaps we trust? Disappearing dollars drive currency trading dependence
By Ogla Cotaga
November 14, 2019, Reuters
As dollars dry up, global finance is growing increasingly dependent on opaque currency trading to keep cash flowing.
Banks and other short-term dollar …
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How robust fallbacks are hindering the Libor transition
By Thomas Helm
November 14, 2019, Practice Insight from IFLR
The received wisdom – and apologies to those who have already heard the oft-repeated analogy – is that robust fallbacks …
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Investment firms find potential PRIIPs loophole
By Hugo Bromley
November 14, 2019, Practice Insight from IFLR
Investment firms are looking to change the status of semi-professional investors in the latest workaround to emerge from the Packaged …
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