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by Drew H. Boecher, CFA Managing Director, Darling Consulting Group   Accepting a Regulatory Gift: Exceeding Rising Credit Risk Quantification Standards Encountering a New Standard “That did not go too well” said Barry, my investment expert friend as we left the testing center. He was an extremely intelligent financial expert…

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…

Winter may have been late in arriving for many of us, but we are already looking forward to Spring. With 20-25 inches of snow from #Snowzilla2016, it was a tremendous storm, but it was not tremendous enough to overwhelm our efforts to bring forth some new insights and courses for…

The first six months of 2015 saw the emergence of the “Reverse Yankee” bond market. What exactly is a Reverse Yankee, and what makes it of interest? Simply put, a Reverse Yankee is a bond issued by a US company, usually high grade, outside of the US and denominated in…

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…

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.…

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…

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…

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…

It is no secret that the Fed’s, or more specifically, the Federal Open Market Committee’s (FOMC),  asset purchases have created an enormous amount of money in the financial system. Traditionally, pre-crisis, the Fed would simply execute an overnight reverse repo transaction (ON RRP), sometimes known as matched sales, in order…

With the Fed meeting this week, attention has turned to the impact on the economy, and the stock and bond markets. One area that seems to be missing is the impact on the federal budget. The government has been able to borrow at historically low rates for quite a prolonged…