Tag:
Counterparties
Latest Headlines
Latest Headlines
Bank of America's derivatives shift stokes concerns
Bank of America raised eyebrows not too long ago when it said intended to shift some derivatives assets to a unit that holds insured funds, apparently at the request of counterparties that were concerned about recent credit downgrades.
Recall that Bank of America's bonds had recently been down
Counterparties reassess risk of derivatives
You could sense the fear over big U.S. banks just recently, as the European debt crisis heated up and concerns mounted about just how exposed banks were. Stocks tanked yet again, taking prices well below book value, and CDS spreads widened precipitously. And that got a lot of big companies worryin
Barclays pushes for transparent ETF practices
Since the Flash Crash of 2010, exchange traded funds have found themselves in the spotlight. Some wonder about the role these products, which are more complex than many realize, played in sparking the pyrotechnics.
It's fair to say that as the industry expands, the products are getting more or
Emerging OTC derivatives market a win-win quickly?
It's been fascinating the watch the rise of the new OTC derivatives market, one created from that classic OTC hodge-podge of big powerful dealers, phone-to-phone communication and lots of manual
New legal entity identifiers taking shape quickly
The Office of Financial Research, set up legislatively by Dodd-Frank, has been working methodically toward a new global system of identification for legal entities. The idea is to create a global
Too much trading concentrated among top banks
Since the passage of Dodd-Frank, we've heard a lot of debate about whether the problem of "too big to fail" has been solved. No one thinks the problem has been all together erased. Some think the problem is actually getting worse, as top banks are even more dominant.
Here are some arresting fa
The FCIC vs. Goldman Sachs on derivatives
Are we seeing a replay of the Goldman Sachs (NYSE: GS ) controversy over its AIG (NYSE: AIG ) hedges? It sure seems that way. The Financial Crisis Inquiry Commission is bent on answering a fundamental question: What role did Goldman Sachs' derivatives operations play, if any, in the financia
Goldman Sachs treated too well by regulators in AIG mess?
When hearings loom, press leaks are common. And that has kept the Goldman Sachs-AIG controversy in the headlines. Following a review of reams of documents, the New York Times suggests that bank regulators viewed the issues through the eyes of bankers.
To some, it looked like they were acti
A fiduciary responsibility for market makers?
One interesting debate in the larger financial regulatory battle right now revolves around broker dealers and whether they ought to have a fiduciary responsibility to their clients. The debate has
Goldman Sachs, JPMorgan require more collateral from funds
When the financial crisis started to clear, it was clear that the tolerance by many dealers to assume risk had fallen ( credit crisis news). Into that void stepped Goldman Sachs ( NYSE: GS ), which willingly expanded its trading operations--much of it on an agency basis--and reaped the reward
