This Week's Top Stories
April 2 2020
Outsourcing key trading and financing functions has taken on a new importance in an era of regulatory change and cost pressures. Repo has withstood change but that is now beginning to shift, and the possibility for agency repo, including bespoke arrangements in trading and operations, is growing. A guest post from Société Générale.
April 1 2020
The Fed announced today a major change in the calculation of the Supplementary Leverage Ratio, allowing US regulated banks to exempt US Treasuries in the denominator of the formula through March 31, 2021. This should serve to ease liquidity constraints in the US Treasury market but comes with its own set of consequences across political, moral and financial stability lines.