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Category Archives: Money Markets

The Libor effect on derivatives

Posted on by aldopuch

The UK Court of Appeal is this week hearing two cases in an attempt to determine whether the Libor rate rigging scandal can be considered to be sufficient grounds for invalidating derivatives contracts.  In the first of the cases Barclays … Continue reading

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More difficulties for asset managers and pension funds to access OTC derivatives market

Posted on by aldopuch

Impact of Dodd-Frank on asset management and pension funds in the US With the new section of Dodd-Frank regulations which came into life on 9th of September, asset managers and pension funds in the US will face more difficulties in … Continue reading

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In the news: Repo round-up

Posted on by aldopuch

ECB temporarily relaxes rules on ASBs With effect from 16 October the European Central Bank (ECB) is imposing higher reporting standards for residential mortgage-backed securities (RMBS) and asset-backed securities (ABS).  However it has agreed to temporarily consider accepting securities which … Continue reading

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OTC repo transactions in Russia reach more than RUB120 billion.

Posted on by aldopuch

According to Securities Lending Times, the value of securities used as collateral for the Bank of Russia’s OTC repo transactions is at the moment more than RUB120 billion. The National Settlement Depository (NSD) provides the collateral management services for the … Continue reading

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Proposals for regulations in shadow banking and new standards for multi-listed securities

Posted on by aldopuch

FSB proposals on shadow banking The Financial Stability Board (FSB) has published proposals to strengthen the oversight and regulation of shadow banking.  The proposals follow on from the 2011 G20 summit in Cannes at which the G20 leaders agreed to … Continue reading

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New Repo tool by FED to affect the short-term lending markets

Posted on by aldopuch

By FT.com Policy makers were briefed by Simon Potter, head of the markets group at the New York Fed, about establishing a “fixed-rate, full-allotment overnight reverse repo” facility. This would operate alongside the Fed’s existing reverse repo facility that is … Continue reading

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ICMA issues covered bond statement

Posted on by aldopuch

  The International Capital Market Association (ICMA) has issued a statement to the credit rating agencies relating to the methodologies used in rating covered bonds.  The statement revolves around the volatility of covered bond ratings in particular and other ratings … Continue reading

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Tougher regulation in the repo market

Posted on by aldopuch

The Basel Committee on Banking Supervision may have recommended a minimum 3% capital holding to cover repo deals but globally regulators now seem to be tightening the rules still further.  Within the past month both the US SEC and European … Continue reading

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Boost to the Triparty Repo Settlement Interoperability

Posted on by aldopuch

The ICMA European Repo Council has signed a memorandum of understanding with Clearstream, Euroclear and Eurex Clearing, which engages those providers in a joint project focusing on increasing the efficiency of the repo market. Through this agreement Eurex Clearing will be … Continue reading

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