Prime brokerage
Esma backtracks on account segregation
Status quo protected for rehypothecation of collateral in tri-party, securities lending and prime brokerage
Legacy booking models impede NDF clearing, banks say
Novation lag holds up clearing of forex products; some say dealers are dragging feet
Banks dismiss margin rule threat to synthetic prime brokerage
Growth in synthetic financing versus physical sees UBS, ING boost investment in prime brokerage units
Banks warn prime brokerage clients of ‘material’ MVA costs
Some buy-siders reassessing relationships as a result
Collateral flows and balance sheet(s) space
This paper looks at securities-lending, derivatives and prime-brokerage markets as suppliers of collateral.
Fund derivatives house of the year: Credit Suisse
FOHF-financing dominance and ability to offer alternatives into China power bank to win
Buy-side forex trading curbed as margin rules take effect
Prime brokers will cut off access to dealers if they fail to agree revised CSAs
Surprise answer to regulatory squeeze: use more swaps
New rules could push buy-siders towards synthetic strategies
Best execution woes ongoing for small hedge funds
Investors prize best execution more and more as hedge funds strive to comply
Credit Suisse pulls out of forex prime brokerage
Swiss dealer the latest to exit the business
Niche services growing in forex prime brokerage – RBS
Competing purely on price no longer enough
Bond-CDS basis trades have 'stopped working', hedge funds say
Arbitrageurs have exited trades, leaving basis structurally higher
Prime of primes reduce reliance on prime brokers
Forex prime brokers have reduced their services after Swiss franc move
Leverage ratio begins to bite for forex derivatives
Capital-intensive rule for banks likely to hit clients with higher costs
Could a top prime exit the market altogether?
Credit Suisse seen as vulnerable as it cuts leverage in investment banking
Third-party cap intro opportunity as prime brokers scale back
Cap intro said to sit in PB out of evolutionary convenience, not business logic
Primes re-pricing and exiting their tails
Start-ups struggling to establish multiple PB relationships
Equity derivatives house of the year: Societe Generale
Risk Awards 2015: SG created a clever equity repo workaround, while Newedge acquisition adds heft
AIFMD segregation power lies with depository banks
Prime brokers forced to comply and change models, says lawyer
PB lobbying perceived to soften Esma on asset segregation
Surprise AIFMD provisions do not require strict AIF segregation
Esma proposes two options for PB asset segregation
AIFMD consultation to be followed by final report in Q2 2015
Primes preparing for 'worst case' AIFMD asset segregation
Esma board conducting stress tests before making a decision
Prime brokers set to increase revenues from stock connect
Market divided over whether long-only mangers can access China via the initiative
Peer-to-peer funding offers alternative finance source
CCP cleared P2P market option in place of prime brokers