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Collateralized Loan Obligations in the Financial Accounts of the United States (Fed) Two new data series on CLOs have been introduced into US Financial accounts. The blog also describes how to navigate the tables to find these series and others relating to CLOs
Derivatives Trading in OTC Markets Soars (BIS) Latest triennial survey shows daily turnover in FX and rates derivatives has jumped from $11 trillion to 2016 to $19 trillion this year. The share of trading exchanges has also fallen.
Tracking the Sources of Robust Payments Growth: McKinsey Global Payments Report (McKinsey) Deep dive on payments landscape by region and player (including non-bank ones). Asia-Pac is the largest region by revenue.
Why Private Equity Is Ripe for Vanguard-Style Disruption (Institutional Investor) Argues that the average 7% fees for private equity is ripe for disruption. A Warren Buffet-style passive approach to holding private companies could be one path for this.
John C Williams: LIBOR – the Clock is Ticking (BIS) NY Fed President argues that market participants are not prepared enough for the end of LIBOR. Despite mentioning recent repo turmoil, he didn’t draw any connections between LIBOR reform and repo (there are some linkages)