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Western banks doing business in China tells me there won’t be a kinetic war anytime soon.

A Reuters article posted earlier last week discussed China’s desire to open up its exchange traded funds to Western market makers. The article mentions Citadel, an alternative investment manager, and Jane Street, a trading firm. According to Reuters: “Over the last two years, Chinese authorities have issued more licences (sic) and encouraged the development of … Continue reading Western banks doing business in China tells me there won’t be a kinetic war anytime soon.

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U.S.-Eastern Caribbean Interbank Market as of 1:00 pm AST: Thoughts on capturing legal risks in interest rates …

What I’m reading today: A Lawyer’s Perspective on U.S. Payment System Evolution and Money in the Digital Age. Source: Board of Governors of the Federal Reserve System. In 2022, the Board of Governors of the Federal Reserve System published a paper authored by Jess Cheng and Joseph Torregrossa discussing the legal underpinnings of the payment … Continue reading U.S.-Eastern Caribbean Interbank Market as of 1:00 pm AST: Thoughts on capturing legal risks in interest rates …

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U.S.-Eastern Caribbean Interbank Market News Scan as of 1:39 pm AST: Is the PCE index keeping hindering progress to two-percent target?

What we are reading … U.S. Treasury. Michael Faulkender. “Yesterday, the United States Senate confirmed Michael Faulkender to be the Deputy Secretary of the United States Department of the Treasury.” — U.S. Department of the Treasury.  Note: Deputy Secretary Faulkender spent almost 17 years in academia, according to his LinkedIn profile. He also spent three … Continue reading U.S.-Eastern Caribbean Interbank Market News Scan as of 1:39 pm AST: Is the PCE index keeping hindering progress to two-percent target?

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U.S.-Eastern Caribbean Interbank and Money Markets: Is the Eastern Caribbean legal framework preventing a trade in complementary currency?

The Takeaway: Is the Eastern Caribbean legal framework preventing a trade opportunity in complimentary currency? Fractional reserve banking is the milk of the poppy that even Caribbean central banks may not be able to shake (Sorry. I have been reading A Game of Thrones). This thought popped into my mind while listening to a webinar … Continue reading U.S.-Eastern Caribbean Interbank and Money Markets: Is the Eastern Caribbean legal framework preventing a trade in complementary currency?

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Law, Interbank, and Money Markets: Has LIBOR price manipulation risk been replaced by SOFR volatility risk?

Law Review: Has LIBOR price manipulation risk been replaced by SOFR volatility risk? Investopedia, a finance news website, defines a reference rate as an interest rate benchmark designed to set other interest rates. Reference rates may be found in mortgage agreements and sophisticated mortgage rate swaps. They act as benchmarks for the performance of a … Continue reading Law, Interbank, and Money Markets: Has LIBOR price manipulation risk been replaced by SOFR volatility risk?

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Law, Interbank and Money Markets News Scan: Counseling my clients to get politicians on code.

The Takeaway: Counseling my clients to get politicians on code. Yesterday, the U.S. Senate passed HR 1968, a continuing resolution to fund the government through the end of Fiscal Year 2025 but at Fiscal Year 2024 levels for most programs. The big hubba baloo in the media is over what appears to be continued weakness … Continue reading Law, Interbank and Money Markets News Scan: Counseling my clients to get politicians on code.