Equity and bond markets have both been hit by the fallout from the forced Credit Suisse sale, while the ripple effect could have a far broader impact on long-term market liquidity. To conclude a crazy week, we bring you a quick round-up of what this means across the asset classes – and why bank funding may never be the same again.
Avenues could include challenging the Swiss government, suing FINMA, or suing Credit Suisse – with AT1s recovering slightly as the market prices in the hope of legal redress.
The ECB, Bank of England and Federal Reserve join with other major central banks to offer seven-day US dollar operations on a daily (instead of weekly) basis, effective from 20 March 2023.
Markets were battered last week following a slew of central bank interest rate increases, with both bond and equity traders seeing heightened volatility. The TRADE takes a look at the impact of the hikes on the current landscape.
The agreement will allow the two regulators to exchange information relating to major security-based swap participants.
ICMA research found that while demand for repo increased, dealers’ capacity to intermediate was constrained and limited access to many firms that needed it.
FX settlement system names new CEO following departure of David Puth in September 2018.