Mark Carney says bitcoin has ‘pretty much failed’ as money
Speaking at Regents University on 19 February, Mark Carney, the Governor of the Bank of England, said bitcoin, “has pretty much failed” on providing...
UPDATE: Fed to end supplementary leverage ratio, talks down tapering
The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on 2020,...
The $21.6 trillion question: How many regulators does it take to change a lightbulb?
The US$21.6 trillion US Treasury market is confounded by a lack of transparency and very short-term liquidity provision, according to a new joint staff...
Citi and JP Morgan absent from Fed programme
The list of eligible dealers for the Fed’s bond and exchange-traded fund programme for the 12th May has been published and it is missing...
BIS: Cut your trading costs in half by cosying up to dealers
A new working paper, written by the Monetary and Economic Department of the Bank of International Settlements, has found that dealer relationships are crucial...
Sterling dealers recommend SONIA as alternative to LIBOR
The Bank of England’s Working Group on Sterling Risk-Free Reference Rates – a group of major dealers active in sterling interest rate swap markets – has...
Now the buy side can sell bonds to the Fed – via MarketAxess
Bond market operator, MarketAxess, has been designated as an Eligible Seller for the central bank's Secondary Market Corporate Credit Facility (SMCCF) by the Federal...
Bank of England tacitly acknowledges impact of capital rules on market making
The identical nature of proprietary trading and market making has been highlighted in a paper published by the UK’s Prudential Regulatory Authority (PRA) the...
TMPG: US Treasuries supply may strain market makers; Fed guidance a concern
Newly released minutes from the Federal Reserve’s Treasury Market Practices Group, an industry-led advisory body on market structure and trading, has indicated concern about...
Fed’s Treasury Market Practices Group sheds light on March liquidity crisis
Minutes of the 31 March meeting of the Federal Reserve’s Treasury Market Practices Group (TMPG), including an update on a 19 March call between...
