High-Grade Corporate Bond Market “Could Get Ugly” If Interest Rates Rise Fast

When liquidity is most needed in the high-grade corporate bond market, it “could get ugly,” Bank of America Merrill Lynch predicts. While total volume has increased meaningfully since 2006, don’t let that fool you. The markets are not liquid, the analysts say, pointing to the Volcker Rule and central bank quantitative easing that has put investors… Please follow and like us:

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Cheers, jeers for House passage of Financial Choice Act

WASHINGTON, June 9, 2017 – There were cheers and jeers as the House of Representatives voted on a replacement to the Dodd-Frank financial industry legislation, passed early in the first administration of Barack Obama. The House of Representatives passed the Financial Choice Act by a vote of 223-186 in a near party line vote. The bill… Please follow and like us:

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Financial Choice Act Faces Uncertain Future

While the Financial Choice Act of 2017, the Republican bill to derail Dodd-Frank and Labor’s fiduciary rule, passed out of the House Financial Services Committee in early May, chances of getting it through the Senate fully intact — and passed into law this year — are unlikely. After three days of raucous debate, the Financial Choice… Please follow and like us:

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Financial CHOICE Act Increases Too Big To Fail Risk – Moody’s

The Financial CHOICE Act of 2017, a rollback of Dodd-Frank regulations placed upon banks in particular, would be negative for the bank’s creditworthiness, according to a Moody’s report. The debt ratings agency particularly questions the repeal of the Dodd-Frank provision that leads to an unwinding of the banks in an “orderly” fashion during a crisis period.… Please follow and like us:

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