Subject: Bloomberg chat, bund-hedging challenges, and FRTB waits for EU

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THIS WEEK'S TOP STORIES
Regulation
Stuck in the middle with EU: dealers clash over FRTB timing
Largest banks want Commission to delay implementation, but it’s not the legislator’s only option
23 Jan 2025   |  Feature
Markets
Bloomberg offers auto-RFQ chat feed – but banks want a bigger prize
Traders hope for unfettered access to IB chat so they can build their own AI-enhanced trading tools
17 Jan 2025   |  News
Markets
Euro swap spread volatility challenges Bund’s hedging role
German Bunds face scrutiny as euro swap spreads turn negative, forcing traders to rethink hedging strategies
20 Jan 2025   |  News
Regulation
European Commission in ‘listening mode’ on potential FRTB changes
Delay or relief measures on the table after UK postpones start of Basel III to 2027
21 Jan 2025   |  News
Markets
Does no-hedge strategy stack up for mag seven mavericks?
At Amazon, Meta and Tesla, the lack of FX hedging might raise eyebrows, but isn’t necessarily a losing technique
21 Jan 2025   |  Feature
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STAT OF THE WEEK

US MMFs tilted from repo to cash USTs in November

Cash-plump US money market funds bulked up direct investments of US Treasuries in November, moving further away from UST-backed repos. MMF allocations to reverse repos collateralised by Treasuries dropped 3.3% to $1.56 trillion, the lowest level since August 2021. At 21.8% of total assets, this represented their smallest share since May that year.

QUOTE OF THE WEEK

Rostin Behnam’s unfinished business

“[Rostin Behnam] has stood firm in the face of tactics designed to divide the commissioners and obstruct or slow the work of the agency. His leadership should be commended” – Dawn DeBerry Stump, former CFTC commissioner

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