Interdealer broker BGC of the United States plans to go live with a combined voice and electronic US dollar repurchase agreement (repo) trading platform early next year.
The Institute of International Finance (IIF), a Washington, DC-based trade association of more than 350 banks, has sent a letter to the Basel Committee on Banking Supervision asking for further concessions in the final Basel II document.
Europe's tri-party repo market may be ready to take off, thanks to the combination of tighter credit conditions and the provision under Basel II, the new Accord on bank regulatory capital, for lower charges on collateralised financing.
A paper outlining the results of the third quantitative impact study (QIS3) was released by the Basel Committee on Banking Supervision yesterday.
The International Swaps and Derivatives Association (Isda) and the London Investment Banking Association (Liba) have released their joint response to the European Union's third capital adequacy directive (CAD3). The response was delivered at non-public…
TORONTO - Canadian risk management software company Algorithmics said in October that Denmark-based Danske Bank had licensed its Algo Collateral software system to manage their over-the-counter derivatives and repo-margining activities. An Algorithmics…
Basel’s proposals for banks involved in the repo markets have caused widespread dismay. As a result, trade organisations around the world are petitioning the committee for a wholesale rethink.
Paul Kupiec of the International Monetary Fund argues that unresolved calibration problems remain with the new Basel Accord’s credit risk capital requirements – problems that may lead banks to make damaging risk decisions.