The first exception to Comrade Peace-Prize’s vengeful tax on banks will probably be short-term funding through repos: The administration wants to recover government fees spent during the financial crisis through a levy on banks, which …
Search Results for: performance
January 27, 2010
The Securities & Exchange Commission has issued a statement SEC Approves Money Market Fund Reforms to Better Protect Investors. Some of the changes are cosmetic and boxticky, others serve the usual regulatory purpose of looking …
January 26, 2010
The International Monetary Fund has released the January 2010 Market Update to the Global Financial Stability Report, which contained some items of interest: Credit losses arising from commercial real estate exposures are expected to increase …
January 25, 2010
There may be new restrictions on short-selling: Concern that short-sellers accelerate stock declines may prompt the Securities and Exchange Commission to adopt a rule next month aimed at curbing bearish bets when equities are plunging.…Forcing …
January 22, 2010
The bank regulators have spent the past few years decrying regulatory arbitrage – the idea that differing jurisdictions can have different rules. Looks like regulatory arbitrage will increase: Prime Minister Gordon Brown distanced his government …
January 21, 2010
Sheila Bair criticized the size of banks’ prop trading books in her Crisis Committee testimony. Comrade Peace Prize is going one step further: President Barack Obama will offer proposals to limit financial institutions’ size and …
January 20, 2010
There was another big whack of retail-sized trades today in POW.PR.C, with Nesbitt buying 20,900 shares on the TMX (against total volume of 34,297) at an average price of 25.555. If CPD is behind the …
TXPR Rebalancing Effect on Market
Yesterday I posted regarding the remarkable performance of POW.PR.C in the past two days and new commenter to_be_frank suggested that it might be due to the TXPR rebalancing. So, I thought I’d have a look …
January 19, 2009
The repo market for mortgage-backed securities is looking a lot healthier: Wall Street firms are loosening the terms of their lending to mortgage-bond investors as markets heal, an RBS Securities Inc. executive said. Repurchase agreement, …
January 18, 2010
Econbrowser‘s James Hamilton took a look at How the Federal Reserve Earned its Profit. There was a surprising amount of activity in the Canadian preferred share market today – considering the American holiday – with …