Below we report on operational Fed programs, based on the Fed’s weekly H.4.1 release. Since last week, the total amount outstanding across all 10 lending facilities has fallen for the first time since the beginning of the crisis. Central banks have continued to reduce their use of the swap agreements with the Federal Reserve.

Global in Life and Orderly in Death: Post-Crisis Reforms and the Too-Big-to-Fail Question (Randal K. Quarles; Federal Reserve Board of Governors)

Bank failure management in the European banking union: What's wrong and how to fix it (Fernando Restoy, Rastko Vrbaski, Ruth Walters; Bank for International Settlements)

FSB and Basel Committee set out supervisory recommendations for benchmark transition (Financial Stability Board)

Big Banks Aren’t Embracing Fed’s Main Street Loan Program (Jeanna Smialek; New York Times)

Sri Lanka Reduces Key Rate for Fifth Time to Aid Economy (Anusha Ondaatjie; Bloomberg)

Congratulations to ICF Faculty Associate Director, Professor Bryan T. Kelly, for winning the Fama-DFA Prize for the Best Paper Published in 2019 in the Journal of Financial Economics in the Areas of Capital Markets and Asset Pricing. Professor Kelly’s paper, “Characteristics are...

The International Center for Finance joins the Yale School of Management in welcoming two new assistant professors of finance to the Yale SOM finance department this year! Welcome Christopher Clayton and Cameron LaPoint! Read more about the new finance faculty and their research interests...