Category Archives: Securities lending

Gallery

The Panic of 2007-8: What happened?

This gallery contains 1 photos.

Ten years after the Panic of 2007-8, there’s still major disagreement about what caused the financial crisis and the Great Recession. That’s the sobering revelation in a flurry of commentary written for the 10th anniversary of the Lehman bankruptcy. Lehman … Continue reading

Advertisement

Gallery

At mid-year, repo is like an ancient fable

This gallery contains 1 photos.

Today’s repurchase market is like the ancient fable of the six blind men and the elephant, where the blind men offer very different descriptions of what each saw when they touched an elephant in a different spot. The only thing … Continue reading

Gallery

Repos make the news

This gallery contains 1 photos.

The big news about the repurchase market in 2015 was that it made the news. After decades when the largest financial market in the world rarely appeared in public, in 2015 repos finally hit the big time. At least 140 … Continue reading

Gallery

Lenders drove the boom and the bust

This gallery contains 1 photos.

In the years leading up to the 2008 financial crisis, trillions of new dollars flooded into housing.  Why? Was it coaxed into the housing market by borrowers who convinced bankers they could pay back the loans? No. It gushed into … Continue reading

Gallery

Economists who best understand repo are still working to stabilize it: 2014 in review

This gallery contains 1 photos.

A series of conferences and reports in the second half of 2014 show that the economists who best understand the repo phenomenon are still worried about it and working to stabilize it. This is welcome news, after months of concern … Continue reading

Gallery

Don’t touch my repo

This gallery contains 1 photos.

The repo industry has dire warnings for anyone who wants to rein in its market. The warnings are a sobering, inside look at how important the repurchase market has become to the world’s flow of credit. From the International Capital … Continue reading

Gallery

Covering the Repo Market and Shadow Banking

This gallery contains 1 photos.

From the Donald W. Reynolds National Center for Business Journalism at Arizona State University: Mary Fricker, founder of RepoWatch.org, said the repurchase market is a key reason for the ferocity of the financial crisis. She shares her tips and resources … Continue reading

Gallery

Economists and other analysts see value, danger in repo and shadow banking, urge reform

This gallery contains 2 photos.

Latest update: October 2, 2012 In recent months economists and other experts have published a torrent of reports on repo and shadow banking, noting their importance and their dangers and urging reform. Following are 74 of the reports, arranged chronologically … Continue reading

Gallery

An overview of shadow banking for journalists

This gallery contains 1 photos.

This post is a transcript of  a 12-minute talk RepoWatch editor Mary Fricker gave at the annual conference of Investigative Reporters & Editors in Boston June 15, 2012. Click here for accompanying handout and slides. Shadow banking was the epicenter of the financial … Continue reading

Gallery

Shadow banking, part 2: Lack of shadow master plan means impact of new rules is uncertain

This gallery contains 1 photos.

The shape of shadow banking reform is now clear. Congress and regulators are going to put a bunch of new rules in place, but they’re not going to articulate a coherent vision of what shadow banking should, or should not, … Continue reading

Gallery

Shadow banking, part 1: Failure to reform shadows hurts economy, endangers financial markets

This gallery contains 1 photos.

Updated June 18, 2012 One of the failures of the Dodd-Frank Act was in not restructuring shadow banking, with a sturdy repo market at its heart, so it could safely gear back up to boost credit and help the economy … Continue reading

Gallery

News round-up: Repo and shadow banking A to Z

This gallery contains 1 photos.

RepoWatch recommends the following reports. Search for the topics that interest you: DataWatch, Financial crisis, Finding a fix, Hedge funds, Regulation, Repurchase market, Securities lending, Securitization, Shadow banking, Too big to fail, and Tri-party repo. Items are arranged chronologically, within … Continue reading

Gallery

News round-up: Turmoil in shadow banking

This gallery contains 1 photos.

RepoWatch recommends the following reports. Search for the topics that interest you: Accounting, Collateral, DataWatch, Finding a fix, International repo, Money market funds, Securities lending, Securitization, Shadow banking, and Tri-party repo. Items are arranged chronologically, within topics that are listed alphabetically. … Continue reading

Gallery

News roundup: Repo and shadow banking in the crosshairs

This gallery contains 1 photos.

Repo and shadow banking have been getting a lot of attention lately. It’s rewarding that an understanding of their importance is spreading. RepoWatch recommends the following reports, arranged within topics that are listed alphabetically: Financial crisis “Getting up to speed … Continue reading

Gallery

Part 2: Here’s the data regulators need to collect on repo

This gallery contains 1 photos.

To spot the build-up of systemic risk in the financial markets, regulators need to collect six bits of information about every repo and securities lending transaction, according to a report from four economists at the Federal Reserve Bank of New … Continue reading

Gallery

Top dealers to Fed: Flow of credit continues to slow

This gallery contains 1 photos.

Credit in key areas of the repurchase market continued to tighten in the fourth quarter, according to the Federal Reserve’s quarterly survey of senior credit managers at 20 leading Wall Street dealers. The finding furthers a trend that the Fed reseachers … Continue reading

Gallery

Matt King had it right in 2008, joins Gorton, Milne

This gallery contains 1 photos.

Commentary The Financial crisis of 2008 was not caused by financial institutions having to write down the value of subprime loans, collateralized debt obligations of asset-backed securities, asset-backed commercial paper, auction rate securities, and just plain old home loans. Instead, … Continue reading

Gallery

Keep an eye on this quarterly Fed study of repos

This gallery contains 1 photos.

A shortgage of trusted repo collateral is slowing the flow of credit in the U.S. and in Europe, and that trend is showing up in a survey of the repo market now being conducted quarterly by the Federal Reserve. Spotting … Continue reading

Gallery

Bloomberg details Fed’s three-year bailout frenzy

This gallery contains 1 photos.

Bloomberg News has given us a stunning picture of the frantic efforts by the Federal Reserve to save the credit markets between August 2007 and April 2010. The report doesn’t mention the R-word (repo), even though fear for the repurchase … Continue reading

Gallery

Lenders, not borrowers, were the driving force behind the financial crisis

This gallery contains 1 photos.

Editor’s note: RepoWatch would like to recognize Financial Times editor Gillian Tett, whose August 11 column about the Pozsar report proves once again that she is far ahead of other journalists in her understanding of the core issues facing financial … Continue reading