"Underneath the relative stability in headline measures of activity and pricing, there are signs of banks being less willing to undertake repo market intermediation, compared to the period before the crisis. The volatility in prices and volumes around balance sheet reporting dates can be associated with banks in some jurisdictions contracting their repo exposure in order to 'window dress' their regulatory ratios."
The calm in stocks worldwide is giving way to concern, with investors in Europe and the U.S. rushing to hedge against declines and a Credit Suisse Group AG index flashing a warning as the list of economic and political obstacles grows (Apr 13)
Robin Wigglesworth considers the likelihood of a doomsday-style volatility inferno (Apr 8)
The Cyber Cafe
Cybersecurity news every Friday
Why it's totally possible this group of hackers is the CIA
To folks at Symantec, the hacking group they call "Longhorn" has always seemed like a state actor. The group has hacked 40 "targets" in 16 nations, according to Symantec. Longhorn has gone after governments as well as groups involved in finance, energy, telecommunications, education and much more. "All of the organizations targeted would be of interest to a nation-state attacker," the Symantec Security Response team wrote on Monday.
(Apr 13) -- According to a
report by the Bank for International Settlements' Committee on the Global Financial System (CGFS), it is too early to say what causes changing availability and cost of repo financing.
Regional differences and the transitional state of repo markets make it difficult to establish strong links between drivers and visible market changes, as well as recommend policy changes. The CGFS - chaired by William C. Dudley (President and CEO of the New York Fed) - monitors developments in global financial markets for central bank governors.
(Apr 12) --
The International Organization of Securities Commissions announced their 2017 Public Conference on "The Role of Markets and Market Regulators in the Post-Crisis World" to be held May 17-18 in Montego Bay, Jamaica.
(Apr 13) -- The New York Fed's Treasury Market Practices Group (TMPG) published the minutes for their February 28th meeting and the agenda from their April 13th meeting. The Apr 13th meeting included a presentation by the Fixed Income Clearing Corporation (FICC) on central clearing for the repo market.
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A masterclass in calling bullshit
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