The butterfly effect: spotted in the financial industry
As FT Alphaville revealed on Monday, more than 98 per cent of credit derivatives contracts are recorded in the trade repository run by The Depository Trust and Clearing Corporation....
Welcome to the Global Sovereign Crisis, says Deutsche
Deutsche Bank’s fixed income research team don’t see any need to beat around the bush.We’re in the early stages of the Global Sovereign Crisis. End of.A theme...
The evolution of systemic risk
Macro Risk Advisors, headed by Dean Curnutt, are specialists in derivatives strategy. One of their chief occupations is thus evaluating risk and volatility.Given that, it’s...
What do you mean, CCPs might be thinly capitalised?
Via Bloomberg (H/T Chris Whittall):Lawmakers in the [European] Parliament voted that clearinghouses should have to hold capital of at least 10 million euros ($14.1 million) to...
Now the IMF is warning about ETFs
International regulator conspiracy? Unfortunate coincidence for the ETF industry? Or are regulators finally on to something via the power of group think?We ask because hot on...
Further further reading
The “Further further readings” post usually runs in the late afternoon US time, but in this case you can file it under “we forgot to hit publish”. Doh!...
Further further reading
For the commute home, or while rocking out to Paradise City, or while shielding yourself from the November Rain, or while chasing your Rocket Queen, or while exercising Patience;...
Mr Contagion, 1989-2009
No, this isn’t a festering collection of mutant organisms……although, close!It’s a chart of evolving banking connections between ‘modules’...
Mirror, mirror on the wall — who’s really the riskiest of them all?
This — in case you were wondering — is a list of what some academics see as today’s most systemically risky financial firms in the US:The list has been compiled...
An update on America’s riskiest banks
Cast your minds back to the SCAP — that’s the Supervisory Capital Assessment Program, better known as the US banking stress tests of spring 2009.The results showed Bank of America,...
Too big to fail, fail?
Those worried that Dodd-Frank was overly-cautious in tackling ‘Too Big To Fail’ issues are unlikely to be comforted by the concentration limits study released on Tuesday...
Volcker rule — coming, slowly, to a bank near you
Look on the bright side, we now know which rules the rulemakers will follow to get us to the Volcker rule. Some of them, at least.The Financial Stability Oversight Council on...
