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New York Federal Reserve Bank

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  1. Netting problems will restrict pension funds, FCMs warn

    PBGC has thus far been unwilling to give any clarity on the issue in connection with defined benefit pension plans covered by Title IV," says Steptoe the US Federal Reserve could expand the scope of FDICIA to allow smaller firms to take advantage...

  2. US bilateral margin rules: a hit parade of horrors

    The proposals state they would apply to swaps between banks and their affiliates, including a host of subsidiary types not covered by the section of the Federal Reserve Act dealing with inter-affiliate transactions.

  3. Deadline looms for Isda group on resolution protocol

    The Bank of England, the Federal Deposit Insurance Corporation, and the Federal Reserve Board all declined to comment for this story. Things are more complex in US bankruptcy proceedings, however, since neither the US bankruptcy code nor the...

  4. State Street names new head of risk

    He is also a member of the Financial Advisory Roundtable of the Federal Reserve Bank of New York. He currently serves as a senior advisor to the US Committee on Capital Markets Regulation and was the primary author of the chapter on bank capital...

  5. Are the CFTC, SEC and Fed equipped for their new powers?

    Additionally, if institutions have higher capital levels than previously, they may be able to prevent a major problem from developing,” says Randall Kroszner, professor of economics at the University of Chicago Booth School of Business and a...

  6. Pick and choose from social media tools: BIS’s Laurmaa

    Other central banks have had successful forays into online video content- the European Central Bank and Cleveland Federal Reserve, for example, produce educational video clips, made available on their websites, which are aimed at students and the...

  7. US regulatory changes weigh on consumer ABS

    Talf commenced in March 2009, with the Federal Reserve Bank of New York extending non-recourse financing to buyers of AAA-rated consumer ABSs. Meanwhile,  uncertainty is also growing due to changes the Federal Deposit Insurance Corporation (FDIC...

  8. Seeking green shoots

    By the end of 2008, products had been savaged by volatile equity markets and the credit catastrophe of Lehman Brothers’ collapse, and the outlook for any structure much riskier than a Federal Reserve-backed capital-protected certificate of deposit...

  9. Federal Reserve extends liquidity programmes

    The programmes include the Money Market Investor Funding Facility, a $540 billion fund created in October 2008 to relieve ailing money market funds; the Primary Dealer Credit Facility, which provides discount window loans to primary dealers; the...

  10. A model approach

    The report - backed by the French Banking Commission, the German Federal Financial Supervisory Authority, the Swiss Federal Banking Commission, the UK's Financial Supervisory Authority and the board of governors of the US's Federal Reserve System...

    Published
  11. CDS buyers in last-minute rush to meet novation deadline

    In an October 31, 2008 letter to the Federal Reserve Bank of New York, the OMG outlined a 'soft' deadline of December 31 for buy-side firms to meet this target. Technology vendors have reported a significant upturn in activity among buy-side firms...

    Published
  12. Baidu's Profit Increases 91% in Third Quarter 2008

    Federal Reserve Bank of New York. Unless otherwise noted, all translations from RMB to U.S.dollars are made at a rate of RMB 6.7899 to USD 1.00, the effective noon buying rate as of September 30, 2008 in The City of New York for cable transfers of...

  13. Looking to beat the backlog

    The risks posed by outstanding confirmations have already been highlighted by the Federal Reserve Bank of New York, among others, and has been tackled to some degree by dealers. The following targets were agreed by 18 major equity derivatives...

  14. JP Morgan eyes Bear Energy prize

    The Federal Reserve Bank of New York is providing $29 billion in special financing for the deal and will take control of a $30 billion portfolio of Bear's less liquid assets. At the time, traders in London and New York were told to stop dealing...

    Published
  15. A model model?

    Kabir Dutta, a Boston-based principal at consulting firm CRA International and a former senior economist at the Federal Reserve Bank of Boston, is suspicious of the drive to make models more forward-looking, arguing that this is potentially just a...