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Why State and Local Debt Is Fraught Territory for the Fed
By Jeanna Smialek
April 1, 2020, The New York Times
Rhode Island will miss out on $300 million in revenue in March and early April as coronavirus delays income tax …
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Focus grows on clearing houses amid market turmoil
By Chris Whittall
March 28, 2020, IFR
Regulators forced trillions of dollars worth of derivatives through central clearing after the global financial crisis of 2008 to help avoid repeats of …
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Banks Said to Offer $1.3 Billion of Loans to Unwind Swaps
By Lisa Lee and Sally Bakewell
March 25, 2020, Bloomberg
Citigroup Inc. and Truist Financial Corp. are among banks that have been selling off hundreds of millions of leveraged loans …
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Mutual funds face scrutiny over systemic importance
By Attracta Mooney and Siobhan Riding
March 19, 2020, Financial Times
The mutual fund industry is facing fresh scrutiny over the systemic risks it poses to the financial system after …
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European Financial Forum 2020 – Leaders’ Panel 1 moderated by Laura Noonan
Leaders’ Panel 1: The Financial System 2020-2030 – Repositioning for tomorrow’s opportunities with:
Massimo Doris, Chief Executive Officer, Banca Mediolanum Spa – David Livingstone, Chief Executive Officer, Europe, Middle …
Barclays and others join split-working rush as virus empties the City
March 17, 2020, Financial News
The City is emptying.
This week, U.K.-based banks’ contingency plans commenced, led by the big Wall Street institutions, as the spread of coronavirus continues to …
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How a Little Known Trade Upended the U.S. Treasury Market
By Stephen Spratt
March 17, 2020, Bloomberg
It is said that liquidity is a coward, it disappears at the first sign of trouble. What happened in Treasuries last week was …
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Another Problem for the Fed: Banks Pressured as Clients Scramble for Cash
By Serena Ng
March 16, 2020, The Wall Street Journal
Companies around the world are drawing down their credit lines at the same time, forcing banks to cough up large …
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U.S. Banking Giants Tap Fed’s Discount Window to Ease Stigma
By Yalman Onaran
March 16, 2020, Bloomberg
Eight giant U.S. banks said they would access the Federal Reserve’s discount window, in a move meant to remove the longstanding stigma of …
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Key Source of Corporate Cash Seizing Up Amid Credit Market Rout
By Jennifer Surane, Paula Seligson, Alex Harris, and Liz McCormick
March 15, 2020, Bloomberg
A corner of the financial system that provides corporate America with short-term IOUs to buy inventory …
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