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Write-Offs: 04.20.12

$$$ Hedge funds would prefer it if banks would warehouse more tail risk and charge less for it [DealBook, earlier] $$$ But corporate debt issuers don’t have much to complain about re: Volcker [DealBook, earlier] $$$ IMF secures $430bn to boost firepower [FT] $$$ How Much Money You Need To Realistically Recreate The Scrooge McDuck ‘Gold Coin Swim’ [The Billfold, alternate view, neither is persuasive] $$$ How would you like to be a high frequency trading quant in Chicago? [DBCC] $$$ Investigators said the 18-, 20- and 21-year-old suspects, whose names weren’t released, broke into the Sea World in Main Beach on Queensland’s Gold Coast after it closed Saturday, swam in the dolphin enclosure and made off with Dirk, a 7-year-old fairy penguin, The Australian Eye reported Friday.
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Blackstone's Tom Hill: "The Brain Drain From Banks Has Accelerated Dramatically"

Business & Finance : Business Insider: Clusterstock (4 years ago)

The beneficiaries of the talent migration from global Wall Street banks to smaller firms and hedge funds couldn't be happier about the Volcker Rule. “Hedge funds have been significant beneficiaries of the Volcker rule,” Tom Hill, CE... Read Post

U.S. bank liquidity ratio rule: more lenient than proposed, but tougher than Basel

Business & Finance : Financial Regulatory Forum (4 hours ago)

Many in the banking industry have appealed to regulators to include municipal securities (“munis”) among the HQLA. Under the Basel rules they are mostly included in level 1. They have cited as evidence that AAA-rated corporate debt ... Read Post

Georges Ugeux: Restricting Bank Funding for Hedge Funds: Paul Volcker Does Not Go Far Enough

Business & Finance : Huffington Post: Business Blog (4 years ago)

While Alan Greenspan has been busy denying any blame or foresight into the financial crisis, Paul Volcker has been working to dissociate the speculative risks of hedge funds from banking. But "The Volcker Rule," does not go far enou... Read Post

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