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Archive for October, 2013


In one the recent release the European Banking Authority (EBA) published a press release and consultation paper on a draft recommendation BTXtODVCQAALUawon the use of Legal Entity Identifiers (LEIs). The consultation remains open for comment until 28 November 2013.

The EBA has developed draft Implementing Technical Standards on Supervisory Reporting (ITS) pursuant to the Capital Requirements Regulation (CRR). The ITS address the reporting of:

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Good morning so the RBI New rates effective 29.10.2013 are :BTXtODVCQAALUaw

*Bank Rate:8.75%
*Repo Rate:7.75%
*Reverse Repo Rate:6.75%
*MSF Rate:8.75%
*Cash Reserve Ratio:4%
*SLR:23%

Well those are the rates where the governor Raghuram Rajan in his first “real” policy, increased the repo rate by 0.25% to 7.75% and cut the MSF rate by 0.25% to 8.75%. Reverse repo goes to 6.75%.

Well the above would be more clear providing you Continue reading

3/52 : Dommages collatéraux - Collateral damage

I did this post last year but the essence is clearly visible now so posting it again under new rules and regulations.

Deja vu all over again, the over-reliance on ‘shaky’ collateral and concentration of risk is building once more – this time in the $648 trillion derivatives market. New Clearing House rules (a la Dodd-Frank) mean derivatives counterparties are required to pledge high quality collateral with the clearing houses (or exchanges) in a more formalized manner to cover potential losses.  Continue reading

Was reading an interview Warren Buffett on Bloomberg :

with Warren Buffett

WARREN BUFFETT: Well I came up with that a long, long time ago to describe the situation that – I was lucky. I was born in the United States. The odds were 30 or 40-to-1 against that. I had some lucky genes. I was born at the right time. If I’d been born thousands of years ago I’d be some animal’s lunch because I can’t run very fast or climb trees. So there’s so much chance in how we enter the world.

LIU: And you were always aware to make sure your children and their grandchildren, and your grandchildren would be grounded.  Continue reading

Here are 10 questions that you should know if you are based in the European Economic Area and trade in derivatives, whether on-exchange Googleor “over-the-counter” (OTC), then you will be impacted by EMIR. This could include real estate investors who use derivatives and swaps (e.g. hedging interest rate and currency risks) to reduce risk rather than for speculative purposes. The exact impact of EMIR will depend on the type of firm, as well as the level and type of derivative exposure of the particular firm.

  1. Should I care about EMIR? (I should hope so)
  2. What are the requirements under EMIR? Continue reading
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