Show them the money: why the Fed should adopt CLFs

The BPI's Bill Nelson explains how the facilities would benefit Wall Street and Main Street

dollar pile

Events over the past 15 years have shown how important it is for major financial institutions to remain highly liquid. That lesson was encapsulated in the regulatory response to the 2008 financial crisis. The foremost new requirement was the Basel Committee on Banking Supervision’s liquidity coverage ratio (LCR), which requires banks to hold a minimum amount of high-quality liquid assets.

In 2014, the definition of HQLAs was expanded to encompass borrowing capacity at a committed liquidity

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Digging deeper into deep hedging

Dynamic techniques and gen-AI simulated data can push the limits of deep hedging even further, as derivatives guru John Hull and colleagues explain

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