Supplementary Leverage Ratio: Comparing US Banks
In my recent Basel III Leverage Ratio article I provided an introduction to this important new metric and today I will look at the Supplementary Leverage Ratio (SLR) disclosures published by the six largest US banks. Background An underlying cause of the global financial crisis was the build-up of excessive on- and off-balance sheet leverage in banks which apparently still […]
Basel III Leverage Ratio
The Basel III Leverage Ratio, often referred to as the Supplementary Leverage Ratio (SLR), is one of the important new metrics introduced as a response to the Financial Crisis of 2007-08 and one which continues to receive a lot of press coverage and discussion. In this article I will provide an overview and some of the […]
Impact Of March 1st VM Regime
The big VM deadline has come and passed. Did trading grind to a halt? Prior to the date, based primarily upon what I had read in news articles, I would summarize my sentiment around the VM implementation as: The industry had not gotten through even half of the required new paperwork Large asset managers being […]
Top 10 CFTC Fines of 2016
Have you ever wondered how many people get in trouble with the CFTC every year, and what they got in trouble for? Over the holidays, I read through all 103 CFTC enforcement actions from calendar year 2016. As such, I am now in a position to give you my favorite CFTC fines of 2016. Headline […]