Liquidity
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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 rupture at year-end could lead to ‘QE4’ – Credit Suisse analyst
By Jonnelle Marte
December 10, 2019, Reuters
The Federal Reserve’s efforts to calm money markets could fall short at the end of the year, potentially leading to a spike in …
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Investors Gird for Year-End Turmoil in Cash Markets
By Daniel Kruger and Julia-Ambra Verlaine
December 8, 2019, The Wall Street Journal
Investors and policy makers are bracing for new disruptions to short-term cash markets going into the end …
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Now Repo Distortions Emerge in Europe’s $9 Trillion Market
By Anchalee Worrachate
December 8, 2019, Bloomberg
The European repo market may have escaped the kind of turmoil that engulfed the U.S. financial system this year, but that doesn’t mean …
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Repo Market’s Liquidity Woes
In normal times, not even Wall Street pays much attention to market plumbing, but flare ups in the repo market could create tremors across the global banking system. December may …
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Why Europe’s markets might need MiFID III
By Samuel Wilkes
December 5, 2019, Risk
Whispers of a review of Europe’s almost two-year-old trading and transparency rules have become full-throated talk. Disquiet among dealers and buy-siders over the …
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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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Tradeweb’s IPO shows how OTC markets are changing
By Kris Devasabai
December 2, 2019, Risk
Amid a crop of disappointing tech IPOs, Tradeweb’s stock market debut in April felt like a coming-of-age party, heavy with symbolism and bursting …
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Libor’s Death Will Sting Derivatives Dealers
By Kurt Dew, Northeastern University
Originally published on the TABB Forum
The survival of the enormous Eurodollar futures and LIBOR-based interest rate swaps markets depends fundamentally on the existence of …
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