Office of Financial Research: Treasury basis trades could pose systemic risk
A new paper from the Office of Financial Research (OFR) has cast doubt on the idea that basis trades increased the lack of liquidity...
When will T2S harmonise European bond issuance?
Target 2 for Securities (T2S), the ambitious brainchild of the European Central Bank (ECB) and Eurosystem, has the potential to lower the costs of...
Europe’s pension fund managers face rising margin costs as EU clearing exemption deadline looms
European pension fund managers are facing rising margin costs thanks to the increased cost of financing additional collateral payments just as the EU’s clearing...
Securities Financing : US repo : Lynn Strongin Dodds
T-Bills swamp the market but repo stays afloat
Lynn Strongin Dodds looks at the US repo market and how it is staying liquid.
Views are divided...
The Fed opens registration for commercial paper facility
The Federal Reserve Bank of New York has opened registration for firms wishing to sell to its Commercial Paper Funding Facility (CPFF).
The commercial paper...
Securities Financing : India : Lynn Strongin Dodds
India’s lacklustre corporate bond market gets a boost.
Lynn Strongin Dodds looks at government initiatives and stock exchanges efforts to bring the market to life.
The...
ICMA: Buy side struggled to make margin calls as repo dried up
A new report, ‘European repo market and the COVID-19 crisis’ published by the International Capital Markets Association, has found that some buy-side firms had...
Industry viewpoint : Regulation & data : MTS
Securities Financing Transactions Regulation (SFTR)
Q&A with Tom Harry, Regulatory Specialist, MTS
How well prepared are institutions for the impending requirements of SFTR?
Most repo market participants...
Securities financing: SFTR threatens smaller players
By Lynn Strongin Dodds.
The delay to the regulation gives market participants more breathing room but they should not get too comfortable. Lynn Strongin Dodds looks...
Securities financing : An integrated approach : Lynn Strongin Dodds
Securities lending comes into its own
How buy-side firms are adapting to the margin regime, by Lynn Strongin Dodds.
Regulation, including tighter margin legislation, has focused the buy-side mind...
