collateral

  • Banks

    Spare Some Worrying For Ratings-Triggered Collateral

    Remember how a week ago people went around bothering themselves about Bank of America’s derivatives? Specifically how if they get downgraded, as seems plausible, they will have to come up with a zillion more dollars for derivative collateral? And how earlier this week they did the same for Morgan Stanley? Anyway we talked about it […]

    / May 11, 2012 at 6:22 PM
  • News

    Let’s Worry About Bank of America’s Collateral Triggers

    I occasionally entertain myself thinking about this set of puzzles: (1) It is good for financial regulators and probably, let’s say, the world, if creditors are slow to pull money out of banks that run into trouble. In particular you don’t want everyone to want to move first and get their money out well before […]

    / May 4, 2012 at 6:39 PM
  • Basel. Where the BIS is. I'm getting more and more into soothing photos of architecture. Enjoy!

    News

    BIS Paper Reminds Us That All’s Well In The Derivatives Market

    The gnomes at the Bank for International Settlements have produced a particularly gnomish paper called “Collateral requirements for mandatory central clearing of over-the-counter derivatives.” Wait! It might be important! Hear them out. (There’ll be charts …) Their goal is to measure how much more cash collateral the big dealer banks will need to encumber to […]

    / Mar 6, 2012 at 3:44 PM
  • News

    This Week In Alarming Papers About Collateral

    I am always afraid to wade into the world of collateral and repo and rehyp and whatnot because it is big and complicated and smarter people than I splash around in it, but this week has had some good stuff so let’s talk about it for a bit. NBER’s weekly dump of things you could […]

    / Jan 24, 2012 at 3:47 PM
  • News

    Don’t Ask Jon Corzine To Remember Petty Details Like Where He Put All His Customers’ Money

    Despite popular perception, the financial industry isn’t actually made up entirely of “investment bankers” but rather of a whole range of people from those who work for months on years to close deals with $100mm fees that are pure profit, all the way down to people who do overnight lending of treasuries to make a […]

    / Dec 8, 2011 at 1:54 PM
  • News

    Watch Out Jamie, Crisis Commission is Gunning For You

    Charles, in an “undisclosed location,” reporting:

    / Jun 9, 2010 at 3:07 PM

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