Monthly Archives: May 2011

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Trade press tackles tri-party repo

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Freelance business journalist Katherine Heires of MediaKat LLC gives us a rare chance to hear directly from inside the changing world of tri-party repo in a Securities Technology Monitor report May 4. Business is growing even as the interworkings of the … Continue reading

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Why couldn’t experts see the coming financial crisis in their data?

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In the years leading up to the financial blowout in 2008, the two most important sets of missing data that could have helped experts spot looming trouble were measurements of (1) mortgage quality and (2) repo volumes and collateral quality, … Continue reading

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Tri-party repo reform seen as helpful but will not avert 2008-style panic

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JP Morgan Chase and Bank of New York Mellon are making good progress in protecting themselves from the tri-party repo risk that threatened their survival in 2008, but little progress is being made in protecting taxpayers who may have to pick … Continue reading

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The underbelly of securitized banking is emerging

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The underbelly of securitized banking is showing, as investors and traders fight over the scraps left after the financial crisis of 2007-2008. One battle that has gotten media attention is a class action against JP Morgan Chase, where pension funds that were clients … Continue reading

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Kling doubts repo can be completely fixed, puts focus on interest-rate risk

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Arnold Kling Since the next financial crisis is not likely to mimic the last one, how might RepoWatchers use their understanding of shadow finance to spot the next trouble area? Economist Arnold Kling, a scholar at the Mercatus Center at … Continue reading