Liquidity
Hedge funds caused post-Lehman liquidity crisis, says NY Fed research
A staff report from the New York Federal Reserve argues the evidence points to hedge funds rather than dealers precipitating the post-Lehman liquidity crisis, with implications for rules on prop trading
Branch LCR calculations should include parental support within three days
Loss of capital fungibility creates systemic risk, according to BAML compliance head
Liquidity seen as top concern for energy risk managers
Falling over-the-counter energy volumes in Europe and the US push liquidity to top of risk management agenda
Liquidity forces energy firms to get creative with risk management
In some corners of the over-the-counter energy market, liquidity has become increasingly thin during the past few years. As a result, firms need to think more creatively about how they handle liquidity, say risk managers. Stella Farrington reports
ETF Risk Research: securities lending criticised
Time to review revenues
Liquidity & Funding Risk 2013: Modelling endangers LCR, panellists warn
New liquidity ratio could be undermined if EBA allows banks to estimate their own exposures
FCA quizzes hedge funds on interest rate exposure
Regulator wrote to large hedge funds in August, following volatility in UK interest rates market
Operational infrastructure: Under pressure
Sponsored feature: Northern Trust
Liquidity risk management and China's banks: BoC Fullerton profile
A careful balance
Risk interdealer rankings 2013: Dealers
Shakes, rattles and rolls
Dealers split on market-making constraints - Risk survey
Just over half of dealer respondents to a Risk survey believe post-crisis rules are constraining their ability to make markets
What's the difference between issuers and borrowers?
Look beyond loans
European power and gas liquidity hit by Mifid II fears
European energy traders say worries about the impact of Mifid II are chilling activity in longer-dated power and gas
Risk China: PBoC needs to 'adhere to stability' in managing liquidity risk
China central bank "blind" to potential capital market reaction in its attempts to clamp down on the shadow banking sector
Exchange-traded funds come of age
Sponsored survey: Deutsche Asset & Wealth Management
Quant Congress Europe: BM&F Bovespa uses close-out model to cut margin
Netting and optimal execution effects may help other CCPs reduce margin requirements, says NYU maths professor Marco Avellaneda
Lois: credit and liquidity
Lois: credit and liquidity
Data shows OTC notionals shrank as clearing started in US
Notional neurosis
Think locally, act locally: Anger over US plans for foreign banks
The Federal Reserve is planning a radical departure from traditional supervision by requiring the local offshoots of foreign banks to meet US capital and liquidity rules. Overseas banks are furious – and regulators are backing them publicly, amid fears…
Banks and EBA join forces over liquidity buffer accounting
Banks and industry groups have been joined by an unlikely ally in their protests about the accounting treatment of assets held in liquidity buffers – the European Banking Authority. By Lukas Becker and Matt Cameron