260 posts on "Financial Institutions"
October 7, 2015
Changes in the Returns to Market Making
Since the financial crisis, major U.S. banking institutions have increased their capital ratios in response to tighter capital requirements.
Posted at 7:00 am in Financial Institutions, Financial Markets, Regulation | Permalink | Comments (4)
October 5, 2015
Has U.S. Corporate Bond Market Liquidity Deteriorated?
Commentators have argued that market liquidity has deteriorated in recent years as regulatory changes have reduced banks’ ability and willingness to make markets.
Posted at 11:02 am in Financial Institutions, Financial Markets, Liquidity | Permalink | Comments (4)
September 30, 2015
Natural Experiment Sheds Light on the Market Effects of Herding
Pension funds are expected to behave in a patient, countercyclical manner, making the most of low valuations over the business cycle to achieve high returns.
September 28, 2015
Same Name, New Businesses: Evolution in the Bank Holding Company
When we think of banks, we typically have in mind our local bank branch that stores deposits and issues mortgages or business loans.
September 22, 2015
September 21, 2015
Are BHCs Mimicking the Fed’s Stress Test Results?
Angela Deng, Beverly Hirtle, and Anna Kovner In March, the Federal Reserve and thirty-one large bank holding companies (BHCs) disclosed their annual Dodd-Frank Act stress test (DFAST) results. This is the third year in which both the BHCs and the Fed have published their projections. In a previous post, we looked at whether the Fed’s […]
August 21, 2015
What’s Driving Dealer Balance Sheet Stagnation?
Tobias Adrian, Michael J. Fleming, Daniel Stackman, and Erik Vogt Fifth in a five-part series Securities brokers and dealers (“dealers”) engage in the business of trading securities on behalf of their customers and for their own account, and use their balance sheets primarily for trading operations, particularly for market making. Total financial assets of dealers […]
August 11, 2015
Around the World in 8,379 Foreign Entities
The largest U.S. financial institutions conduct business around the world, maintaining a strong presence through branches and subsidiaries in foreign countries.
Posted at 7:00 am in Exports, Financial Institutions, International Economics | Permalink | Comments (1)
August 10, 2015
History of Discount Window Stigma
In August 2007, at the onset of the recent financial crisis, the Federal Reserve encouraged banks to borrow from the discount window (DW) but few did so.
Posted at 7:00 am in Fed Funds, Financial Institutions, Financial Markets | Permalink | Comments (1)
August 3, 2015
Investigating the Trading Activity of CLO Portfolio Managers
Stavros Peristiani and João A.C. Santos Unlike mortgage-backed and home equity-backed securities, collateralized loan obligations (CLOs), whose collateral is predominantly corporate loans, are slowly but steadily recovering. This revival, illustrated in the chart below, spotlights again a sector of nonagency structured finance that has been scrutinized for its investment practices. This post investigates the trading […]
RSS Feed
Follow Liberty Street Economics
