was announced, and that gilt liquidity worsened conditional on factors such as funding costs and inventory risk. We also … requirements has been a reduction in the liquidity of fixed income markets. We assess this claim in the context of the gilt (UK … government bond) and gilt repo markets. We find that gilt repo liquidity worsened during the period when UK leverage ratio policy …

-fencing requirements in 2019, we document novel implications of such separation for credit and liquidity supply, competition, and risk …-taking via a funding structure channel. By preventing conglomerates from using retail deposits to fund investment banking … supplying credit lines and underwriting services to large corporates. By redirecting the benefits of deposit funding towards the …

as market-wide and country-specific measures of liquidity and credit quality. We apply our methodology to generate … Italian and Spanish liquidity and credit variables and evaluate the impact of these shocks on several bond portfolio … strategies. The empirical findings suggest that both country-specific liquidity and credit measures are important in explaining …

individual and joint impact of leverage, capital and liquidity coverage ratios on participants’ trading in all collateral … are constrained by a single ratio or not constrained, with implications for market liquidity …

on the market — or the level of ‘market liquidity premia'. In the model the impact on market liquidity varies for … liquidity risk premia are higher under the new regulations, but also that corporate bond market liquidity is more resilient due …-crisis. Mapping these changes in liquidity premia to GDP, via their impact on the cost of borrowing for corporates in the real economy …