Spring
  • EDITOR-IN-CHIEF'S LETTER

    How to kill a zombieDominic Hobson

  • MANAGING EDITOR'S LETTER

    On the cutting edgeAlexandra DeLuca

  • SURVEYS

    2012 Securities Lending Survey

  • 2012 Tri-Party Securities Financing Survey

  • DIARY OF A COMPANY WIFE (RET.)

    Accommodating accommodationsA novel idea for the inevitable hotel-room crunch at popular industry events

  • People

    Expanding Citi's network, directlyCiti veteran Reto Faber has been appointed head of Direct Custody and Clearing (DCC) in EMEA. Previously tasked with integrating the global clearing business across Europe for Citi, he now looks to do the same with the custodian's expanding network of 34 markets across Europe, the Middle East and Africa

  • GC Legends

    Sean PairceirPartner, Brown Brothers Harriman

  • The View from Europe

    Good sense for CSDsJanet Du Chenne

  • Securities lending: State of the industry

    Plenty for sale, but not enough buyers

  • Still blaming the shorts

  • Guidelines for ETFs

  • The automation of the status quoA year on from its launch, the first dealer-to-customer trading platform in the European repo market is putting on users on both the sell side and the buy side, but it is exposed to a market badly dislocated by the financial crisis. Nor is Tradeweb, which is owned by Thomson Reuters and ten major broker-dealers, a natural agent of revolutionary change in a market that probably needs it

  • Unfinished businessIt has been two years since the Tri-Party Repo Infrastructure Reform Task Force, made up of repo experts representing investment banks, clearing banks, fund managers, investors and trade associations, issued its framework for how to reduce the systemic risk in the now $1.7 trillion tri-party repo industry in the United States. Industry participants - in particular BNY Mellon and J.P. Morgan, the two banks responsible for clearing all tri-party repo transactions - have implemented a number of the reforms, improving efficiency and transparency in the market. But the greatest risk of all, that the entire tri-party repo industry relies on hundreds of billions of dollars of intraday credit extended to broker-dealers by just the two banks, remains unresolved. For now, the risk persists

  • Special Report: Russia

    Reform, in overdriveRussia has come a long way since political and economic turmoil scared off foreign investors and decimated its markets in 1998. It has come so far, in fact, that the government is working to develop Moscow into an international financial center, bridging the gap between the East and the West. After years of all talk and little action, the Kremlin is now racing to implement regulatory and infrastructural changes it hopes will make Moscow the next New York or London or Hong Kong. The changes are promising. In fact, they are a laundry list of the "must haves" market participants have been petitioning the government to implement for years. Will Russia reach its destination?

  • Market Infrastructure

    Opinion: Ten reasons why banks should opt for T2SAs the deadline for decision-making looms, Jean-Michel Godeffroy, chairman of the T2S Programme Board, makes the case for TARGET2-Securities and the transformation of the clearing and settlement infrastructure in Europe

  • Prime Brokerage

    How foundations invest in hedge fundsAllocations by foundations and endowments in alternatives are not going away, and as they increase across the industry, so do the questions: go direct or via funds of funds? In-house or outsource? And how are hedge fund regulations affecting the space?

  • Custody

    Mongolia: For want of custodyThe friendly neighbor in Asia is ready to welcome foreign institutional investors with open arms, but lack of capital markets infrastructure remains a large hurdle. Fortunately, custodians are working hard to bridge the gap between the market realities and investors

  • NATURAL LAW

    What is your social status?Depends who you ask