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Repo Firepower Reduced by Falling Cash Levels at Big U.S. Banks
By Yalman Onaran
December 10, 2019, Bloomberg
Even as hedge funds and smaller broker-dealers lean more heavily on the biggest U.S. banks for borrowing in repo markets, the lenders’ cash …
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Repo Market Minnows Say Fixing the Mess Means Going Beyond Big Banks
By Alex Harris and Edward Bolingbroke
December 6, 2019, Bloomberg
If September’s dysfunction in the market for repurchase agreements has revealed anything, the biggest impediment is the dominance of a …
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Repo Blowup Was Fueled by Big Banks and Hedge Funds, BIS Says
By Liz McCormick
December 8, 2019, Bloomberg
The September mayhem in the U.S. repo market suggests there’s a structural problem in this vital corner of finance and the incident wasn’t …
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Repo Turmoil Prompts U.S. Regulators to Scrutinize Market Dangers
By Jesse Hamilton
December 4, 2019, Bloomberg
The repo turmoil that put traders on edge in September has prompted a full scale review by regulators, who identified disruptions to short-term …
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The repo market is ‘broken’ and Fed injections are not a lasting solution, market pros warn
By Joy Wiltermuth
December 4, 2019, MarketWatch
The Federal Reserve’s ongoing efforts to shore up the short-term “repo” lending markets have begun to rattle some market experts.
The New York …
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Analyst coverage shrinks after fee shake up
By Robin Wigglesworth and Philip Stafford
December 2, 2019, Financial Times
Investment banks’ cuts to their research departments have begun to weigh on their coverage of even Europe’s largest companies, …
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Banks urged to clean up government bond sale practices
By Tommy Stubbington
December 1, 2019, Financial Times
A standards body tasked with cleaning up the City of London following a series of scandals has warned banks about potential conflicts …
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Clearing house power-downs raise fears among members
By Steve Marlin
November 29, 2019, Risk
The lights have never gone off at clearing houses such as LCH and ICE, but from time to time they flicker.
Regulators have …
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How the Discount Window Became a Pain in the Repo Market
By David Benoit
November 21, 2019, The Wall Street Journal
Banks have all but abandoned the Federal Reserve’s discount window, and it is straining Wall Street’s post-crisis infrastructure.
Borrowing from …
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Big Banks Versus Big Tech…It’s All About the Money
By Chris Skinner
Originally published at Chris Skinner’s blog, The Finanser
I’ve blogged for a while now about the different approaches to Big Tech in China and America. In China, …
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