Monthly Archives: April 2011

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Repo returns plummet for money market funds

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Money market funds are the latest victims of the new FDIC fee on repo transactions and other bank debt, according to the Financial Times April 11. Financial institutions have cut back on their borowings on the repurchase market because the … Continue reading

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Systemic risk apparently not a priority for regulators, reporters

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Almost three years after the financial crisis, regulators are still trying to find ways to deal with systemic risk, according to two top regulators who spoke at the annual conference of the Society of American Business Editors and Writers in … Continue reading

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Experts issue studies on repurchase market and systemic risk

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To RepoWatch readers: Some important work related to repos and systemic risk has been pouring out from economists and regulators in the past few days. I’ll be writing about each, trying to highlight the key points in simple language, but … Continue reading

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Repo volume falls as FDIC fee kicks in

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The cost of getting a repo loan went up April 1, causing uncertainty in the repurchase market that was reminiscent of the early days of the financial crisis, according to several news reports. As directed by the Dodd-Frank Act, the … Continue reading

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Commentary: The big banks, not the shadow banks, are the problem

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Shadow banks do not pose a threat to the future. It’s the giant traditional banks that are the threat, and new regulations may have them cornered. That seems to be the view of Roy C Smith, professor of international business … Continue reading

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Will private placement bonds win favor as repo collateral?

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Companies are privately issuing a record level of private-placement bonds, according to the Financial News April 4. RepoWatch wonders if these bonds will begin showing up as repo collateral. From the Financial News: The market for privately placed bonds is … Continue reading

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Fed releases names of tri-party repo borrowers at height of crisis

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Bloomberg and Fox News began reporting March 31 the names of the financial institutions that got emergency repurchase loans from the Federal Reserve during the financial crisis. The names became public when the Fed released to the two news groups the reports … Continue reading