LIBOR History, Replacement, and New SOFR Products

Posted on: 16 November 2018

By Ken Kapner

In late 2017, GFMI’s President and CEO, Ken Kapner, wrote an article about the London Interbank Offered Rate (LIBOR), which is used by capital markets participants as the rate by which they would lend each other money. For a variety of reasons, including the realization that the rate was being…

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SoFi: The Rise of Online Marketplace Lenders

Posted on: 28 February 2017

By Ken Kapner

Millennials are the first generation to have grown up with access to the Internet and technology for their entire lives. They have done their homework on it, taken classes, and accessed all of their information through it. So, it is no stretch for millennials to search for and obtain their…

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The Multiplier Effect

Posted on: 24 January 2017

By Ken Kapner

The Multiplier Effect and GDP Growth I came across this table (see below) in a recent Wall Street Journal Blog (WSJ’s Daily Shot: America: Too Many Retirees, Not Enough Workers). Although the article isn’t about fiscal policy per se, I thought the reference to the multiplier effect—or, more specifically, the…

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Migration to T+2 Settlement

Posted on: 29 February 2016

By Ken Kapner

Since shortening the US equity cycle in 1995 from T+5 to T+3, there has been a continued analysis and positioning to further shortening the number of business days from trade to settlement. In October 2014, a total of 29 countries, including France, Belgium, the Netherlands, Sweden, Finland, the UK and…

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CCAR and DFAST—Do You Pass the Test?

Posted on: 5 November 2015

By Ken Kapner

As President and CEO of GFMI, I travel often and have the opportunity to hear questions from a variety of sources: asset managers, institutional investors, regulators, and bankers. One of the more frequent questions I hear is, “What’s the difference between CCAR and DFAST?” To help answer this question, one…

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Risk and Risk Management Resources

Posted on: 10 June 2015

By Ken Kapner

Here at Global Financial Markets Institute (GFMI) we’ve wrapped up the third quarter already and are preparing for the end-run of 2015. Already, our clients are planning budgets for 2016 and, in response, the team at GFMI are preparing our subject matter experts’ calendars for next year’s financial learning requests.…

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The Federal Reserve Tools

Posted on: 24 April 2015

By Ken Kapner

In GFMI’s latest article, The Federal Reserve Tools: Past and Present, I touch upon a topic that might be familiar to some, yet still a mystery to others. It seemed a timely topic, since the Fed said in March 2015: “Economic growth moderated (some); there are improvements in the labor…

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Ringing in a New Year Built on Relationships

Posted on: 30 December 2014

By Ken Kapner

It’s natural at this time of year to pause and take a moment to reflect on what we’ve seen, experienced, and accomplished over the past 12 months. As I think back on all that’s occurred with GFMI this year, I keep coming back to the concept of “relationship.” When we…

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Municipal Bonds – 2014 Update

Posted on: 11 December 2014

By Ken Kapner

A glance at some of the financial markets headlines over the past two months will tell you why we’re featuring our second article on municipal bonds within the past two years: Detroit Bankruptcy is Marked by Speed Fed Will Consider Adding Municipal Debt as Quality Asset World Trade Center Tower…

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