Tag Archives: Banking Regulation

More on central clearing and the leverage ratio

I talked some days ago about client clearing and some research that I have done on whether some new regulations (mainly the leverage ratio—LR) might increase its costs and reduce the willingness of banks to provide such services. I have … Continue reading

Posted in Uncategorized | Tagged | Leave a comment

Client clearing

When Lehman went bankrupt, it had over 900,000 derivative transactions with other counterparties. While many of these transactions were closed down in the following weeks, a significant number of bilateral over-the-counter derivatives were the object of dispute for months, even … Continue reading

Posted in Uncategorized | Tagged , | 1 Comment

Finalising Basel III

After several years, Basel III has (almost) been finalised. Basel III is the third iteration of the Basel Accords, minimum international standards for prudential regulation of banks. It started after the financial crisis, when it was clear that Basel II … Continue reading

Posted in Regulation | Tagged , , | Leave a comment

Post-crisis regulation and bond liquidity

One of the best blogs to follow about research on banking is the blog by the NYFed, Liberty Street Economics. In a recent post, they discuss the results of their JME paper on whether post-crisis regulation is affecting bond liquidity … Continue reading

Posted in Uncategorized | Tagged , | Leave a comment

What will happen with Dodd-Frank?

Post-crisis banking regulation seems to be under thread given the direction that the Trump presidency is taking on this matter. We have a US Representative asking Yellen to basically sit down and do nothing until the President figures out how … Continue reading

Posted in Uncategorized | Tagged , | Leave a comment

Ending too big to fail

One of the most interesting sessions in Chicago during the last ASSA Annual Meeting was about ending too big to fail. Neel Kashkari presented the Minneapolis Fed plan and Markus K. Brunnermeier and Randall Kroszner gave their view on the plan. … Continue reading

Posted in Uncategorized | Tagged , | 1 Comment

Leverage ratio and repo activity

In the previous post, I briefly mentioned some of the potential issues of the leverage ratio (LR). To be fair, these are only issues to the extent that the regulators did not foresee and did not include these consequences in … Continue reading

Posted in Uncategorized | Tagged | Leave a comment