Josh Trapp’s Post

Check out today's version of "Talking Tuesday's" for an update on the credit markets. #capitalmarkets hashtag hashtag #fixedincome hashtag hashtag #fixedincomeinvesting hashtag hashtag #finance hashtag hashtag #financeandeconomy hashtag hashtag #credit #creditrisk #assetmanagement #federalreserve #fedpolicy #veteranownedbusiness #investing #investments

#WallStreet's relentless lobbying campaign to weaken capital requirements is only escalating. It's up to concerned citizens and policymakers to actually do what's in the public interest. https://t.co/gehvvb459m That's why we're taking on the big banks and their misleading claims on capital. Bank capital is critical to protect Main Street families, jobs, small businesses, and the economy. We can't afford to back down on this crucial issue. https://t.co/gBssBdeCKX

The Financial Stability Board (FSB) published a paper in April looking at margin and collateral liquidity risk for non-bank financial institutions (NBFIs), and held a follow up webinar last week. These raised some important and tricky ideas about what non-banks should be covered in any new recommendations, what should they be asked to do and how much would it matter anyhow in a high stress environment? More on #finadium: https://lnkd.in/exhyBe4e

The Financial Stability Board (FSB) published a paper in April looking at margin and collateral liquidity risk for non-bank financial institutions (NBFIs), and held a follow up webinar last week. These raised some important and tricky ideas about what non-banks should be covered in any new recommendations, what should they be asked to do and how much would it matter anyhow in a high stress environment? More on #finadium: https://lnkd.in/exbC3Avs

Thomas Moers Mayer at Kramer Levin Naftalis & Frankel LLP and I have discussed this issue from our different perches several times and he has deep insight into the bankruptcy issues. I'm working on a paper on the "source of financial strength doctrine" and how the regulators should enforce it before and, if necessary, after failure. A link to my The Wall Street Journal oped from last year making many of the same points appears in the comments. #banks #bankruptcy #holdingcompany

OCC is pleased to launch our 2023 Annual Report, which reflects on our first 50 years of business and highlights the refreshed values we strive to integrate into all that we do, all while ensuring we fulfill our critical responsibilities as a Systemically Important Financial Market Utility. Read the report here: https://lnkd.in/gDuH-S9d #options #markets #financialservices #50yearsofoptions

The Fed green lights more capital relief trades. Five US regional banks have been authorised to issue repeat credit-linked notes backed by financial guarantees. - Ally, Truist, Bancorp, Huntington, and Santander USA - (These letters were sent between November of last year and earlier this month). These Fed letters to regional banks expand from previous letters sent to the likes of Morgan Stanley which greenlit CDS-like structures for repeated CLN transactions. The financial guarantee structure should provide greater flexibility for repeat structures among regional banks. https://lnkd.in/eVmapfHJ #securitisation #regcap #SRT #CRT #securitization #regionalbanks #regulation

Assets aren’t just the numbers in your bank account. Alternative assets encompass a myriad of things including private equities, properties, and even collectibles such as art and watches. Practical methods of tracking these assets are hard to come by in the financial space. If you’re interested in learning some practical ways to track your alternative assets, visit our blog to read more: https://lnkd.in/g3KNiDCi 

Securities lending revenues remain depressed but Q3 did see a year-on-year come back, according to S&P Global Market Intelligence data. We take a look at the quarterly results and get a view on why Q4 is signaling an upturn. Anna Reitman More on #finadium: https://lnkd.in/eSqzFbde

In this week’s Lex newsletter I wrote about the increasing interest from banks in so-called significant risk transfer securitisations (also known as capital relief trades). This is not a well known market but one that is growing fast — and getting more focus given concerns about banks’ ailing valuations. For me, it raises various interesting regulatory questions. The Lex column will be looking into this more. You can sign up to future newsletters here: https://lnkd.in/eRUf6FV8