Category Archives: History

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What did regulators know and when did they know it?

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If anyone wants proof that regulators understood the risks facing the financial markets prior to 2007, here it is: “Hedge funds, leverage, and the lessons of Long-Term Capital Management,” report of The President’s Working Group on Financial Markets, April 1999. … Continue reading

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Repo goes from boring to hip

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Back in February 1997 repos were going “global and hip,” according to DerivativesStrategy.com, an online publication that covered the derivatives market from 1992 to 2001. Bloomberg screens had started carrying repo prices, repo markets were opening around the world, and … Continue reading

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Repos were hot … back in 1979

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Think repos are new? Check out this September 1979 article from the Federal Reserve Bank in St. Louis by Norman N. Bowsher. Even then, repos were popular. From the report: The market for repos has increased dramatically in the past … Continue reading