| Author | Source |
|---|---|
| u/I_DO_ANIMAL_THINGS |
Good afternoon Apes,
I’m an idiot. None of this is advice. You do you.
I was reading the Monetary Policy Reports, as one usually do.
and McDonalds provides the McFlurry. All is well.
The who-who started the what-what?
Page 31 of 7/9/21 report discusses Developments Related to Financial Stability.
Angela is now in charge of the party planning committee.
Financial Stability Oversight Council
The Council is charged with identifying risks to the financial stability of the United States; promoting market discipline; and responding to emerging risks to the stability of the United States’ financial system. The Council consists of 10 voting members and 5 nonvoting members and brings together the expertise of federal financial regulators, state regulators, and an independent insurance expert appointed by the President.
I can’t find anything about this yet. ~IDAT
Sausage Recipe: Closed Door Meeting Minutes from 3-31-2021
A closed door session was called to order at 2:02 PM. Here’s what was discussed until 3:07PM
Five hundred twenty five thousand six hundred minutes. How do you measure, measure incompetence?
HEDGE FUND ACTIVITIES
….continued.
Fin
TL/DR Highlights: They know. They’re working on it.
Hedge funds entered 2020 with higher than historical leverage.
Some very large funds have high leverage and are highly interconnected with financial markets and banks.
Some reductions in exposures to U.S. Treasury securities may have been due to hedge funds withdrawing from a specific bond basis trade.
Lenders to hedge funds face risks even if such lending is secured, because if a large fund, or many funds, suddenly failed, each counterparty may attempt to sell the collateral in unison, and the value of the collateral could decline materially, imposing losses on counterparties.
Large banks’ exposures to hedge funds through lending and the significance of these exposures relative to bank assets.
Importance of the SEC’s Form PF.
Acting Chair of the SEC, provided additional information regarding Archegos, including further detail regarding the firm’s investments and the SEC’s coordination with other regulators
SEC staff’s presentation was based on newly available data
~Semper
