NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases this month’s edition of Bank Talk: The After-Show.
In Does Market Making Make Money, Ethan and Van go through data showing how market makers in fixed income, equity, and commodities experienced a solid year. While Van argues that profits in market making are getting squeezed because of capital requirements, competition, and market transparency, Ethan presented data showing that the large dealer banks have managed solid trading revenues despite reducing their exposure to market risk.
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KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.