Monthly Archives: September 2011

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Regulators talk tough about tri-party reform

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If the industry task force working to make the tri-party repurchase market more stable in a crisis won’t do the job, regulators may have to do it for them. That tough warning comes from William Dudley, president of the Federal … Continue reading

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FT: Volcker rule may exempt repos and securitization

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Repos and securitization, the combination that nearly destroyed the credit markets and the U.S. economy in 2007-2009, will not be prohibited by the Volcker rule, according to the Financial Times. The Volcker rule is intended to limit proprietary trading at … Continue reading

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Reuters: U.S. banks making repo loans to European banks

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Reuters reports U.S. banks have agreed in recent weeks to make billions of dollars of repurchase loans to European banks, contrary to the official word from U.S. regulators that American banks have reduced their exposure to European banks to a minimum … Continue reading

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Reuters: Repo participants are getting cautious

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Reuters news service reports some traders believe another run on repo has begun. Meanwhile, data tracked by RepoWatch shows a mild tightening. From an August 30 article by Reuters reporter Karen Brettell: Pockets of the fixed income and money markets … Continue reading

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In brief: The leveraged bankers did it

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RepoWatch believes the financial crisis of 2007-2008 was caused more by giant financial institutions borrowing too much money than by homeowners borrowing too much money. Leading UK banker Andrew G Haldane takes a somewhat similar view. Haldane is executive director of … Continue reading

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In brief: The demand side did it

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University of Oregon professor Mark Thoma believes the cause of the financial panic in 2007-2008 is likely to lie with the demand side of the market, more than the supply side. So does International Monetary Fund economist Zoltan Pozsar. So does RepoWatch. … Continue reading