Federal Reserve
Bitcoin regulation challenges and complexities
Funny money
Fed action need not stymie credit strategies
Presenting an outlook for 2014, Putri Pascualy of Paamco says there are more legs to alternative credit strategies
OCC governance and risk guidelines inadequate for larger banks
Agency fails to differentiate requirements for largest banks
Fed moves to rein in US banks’ physical commodity trading
Under pressure from politicians, the US Federal Reserve floats proposals to tighten rules on banks in physical commodities
FDIC resolution powers won't stop bail-outs, say academics
Professors tell a US Senate subcommittee the liquidation rules will not help and may create more difficulties
Quant of the year: Michael Pykhtin
The banking rulebook is becoming increasingly complex, so regulators need good quants to design and explain it - but they must also tackle the big questions of the crisis
Volcker rule offers good news and bad on hedging
Regulators strip out approval for portfolio hedging but give more freedom to market-making desks
Yellen faces a logistical nightmare
The impending transition from Ben Bernanke to Janet Yellen at the US Federal Reserve is taking place at a particularly sensitive time, argues David Rowe – the new chair faces the logistical nightmare of unwinding a massive increase in the central bank’s…
Massad to replace Gensler as CFTC head, and other recent job moves
Changing hats – December 2013/January 2014
Fed discount window could resolve CCP collateral liquidity concerns, say clearers
US regulatory concerns about liquidity of government securities collateral could be resolved by access to the Fed’s discount window, CCP officials say
2014 predictions: tapering, China and Japan top factors
Focus on the future
Risk USA: Buy-side prepares for fixed-income storm
Artificially low volatility leaves firms nervous about the future – and looking for fixed-income alternatives
Leveraged ETFs under the spotlight
Imperfect storm
Leveraged ETFs dodge blame for volatility
Tempest in a teapot?
Yellen nominated for Federal Reserve chair, and other recent job moves
Changing hats – November 2013
Barclays enters supply-and-offtake deal with US refinery
Barclays clinches deal with Hawaii refinery as US Federal Reserve scrutinises physical commodity trading by banks
Fed wrong not to start QE tapering, says UBS economist
The surprise decision by the Federal Reserve last month not to scale back its quantitative easing programme will create more volatility, says economist
Bank physical commodity trading is desirable, not essential
The role of banks in physical commodities is poorly understood, but it is not indispensable
JP Morgan fined $920m over 'woefully deficient' London Whale controls
UK and US authorities fine bank over $6.2 billion trading losses in July 2012
Finding relationships between macroeconomic variables and losses
Multivariate analysis is a powerful tool for finding significant relationships between business environment and risk losses
Fed set to raise bar for US stress tests
As US regulators prepare to introduce new stress-testing requirements for medium-sized banks, the Fed warns that the largest are still struggling to meet existing standards – and the intent of future stress tests is likely to be dramatically different
The furore over physical commodity trading
Despite the agitation over their role, there are valid reasons why banks are involved in physical commodities
Fed points the finger at weak stress testing by US banks
Major US banks are failing on key risk management tasks, regulator says