Liquidity is a concern, but lower capital requirements are not the answer, writes SNB's Rime
Funds giant embraces non-bank liquidity and fungible derivatives
LiquidityMetrics uses buy-side questionnaire to measure liquidity in data-scarce bond market
Vendor signed up 150 buy-side clients in 2015, offering them a peek at previously hidden bond flows
DNB experts recommend improved market-wide and bank-specific liquidity stress tests
High volatility and noisy data sets have profound implications on risk management in commodity markets
US mutual fund processes need upgrading for SEC proposals to be viable, say asset managers
Three-quarters say OTC liquidity held steady or fell last year, while 25% saw gains
Moving away quickly from a dual liquidity regime could be "self defeating", says regulator
Secretary general says FSF failed to act on known risks surrounding resolution and securitisations
Axa avoids big hedge funds that leave footprints in illiquid markets
Liquidity crisis growing likely in credit funds, says CEO Rick Sopher
In this issue of The Journal of Financial Market Infrastructures we have two papers on large-value payment systems and two papers on central counterparties.
The authors study the issue of liquidity provision in the context of payment systems where participating banks have flexibility on the timing of their outgoing payments during the settlement day.
This issue includes: an analytical value-at-risk approach; loss distributions; default risk of money-market fund portfolios; and credit scoring and medical collections.
Strategies based on commodity risk premia can be rewarding – but beware common pitfalls
This paper demonstrates how cash outflows due to credit lines can be modeled in a liquidity stress test.
Soaring cross-currency swap prices force dollar funding rethink
Firms benefiting from 'relatively favourable' regulation
An analytical value-at-risk approach for a credit portfolio with liquidity horizon and portfolio rebalancing
The authors provide a two-period analytical value-at-risk approach for credit portfolios with a liquidity horizon and a constant level of risk.
Panellists at Bank of England forum urge asset managers to take more open approach
New trading venues seen as an alternative to dealer liquidity in OTC markets
Reliance on e-trading risks being 'left out in the cold' when markets dry up