It's 10 o'clock at night, and Benjamin Arnold's day is just beginning. The former Goldman Sachs trader is gearing up to trade equities in Asia from his small office thousands of miles away in Park City, Utah.
The transition from LIBOR to SOFR has been slow. We present some key reasons for the delay in SOFR’s broader integration into markets. Important bottlenecks include lags in the evolution of SOFR-based swaps and derivatives markets and in the development of a term SOFR structure.
Without the UK, even integrated EU capital markets would be too small to meet the funding needs of European businesses. That is why global engagement, even at the cost of losing regulatory control, is critical.
One of the tools commonly used by the management of publicly owned corporations to limit the activism (or to limit what they see as the interference) of activist investors, emphatically including equity and event-driven hedge funds, is the creation and enforcement of advance notice bylaws. Such a bylaw (in aRead More
The Securities and Exchange Commission today released the agenda for the July 29 meeting of the Fixed Income Market Structure Advisory Committee. The Commission established the advisory committee to provide a formal mechanism through which the Commission can receive advice and recommendations on fixed income market structure issues.
The meeting will be held at the SEC’s headquarters at 100 F…
The Securities and Exchange Commission today announced charges against Facebook Inc. for making misleading disclosures regarding the risk of misuse of Facebook user data. For more than two years, Facebook’s public disclosures presented the risk of misuse of user data as merely hypothetical when Facebook knew that a third-party developer had actually misused Facebook user data. Public companies…