Discussion Paper
Trading Activities at Systemically Important Banks, Part 3 : What Drives Trading Performance?
Kumbhat, Ashish; Ng, Michael; Iercosan, Diana A.; http://fedora:8080/fcrepo/rest/objects/authors/ (2017-07-10)
It is well known by now that before the financial crisis, systemically important banks and nonbank broker-dealers maintained large proprietary trading operations and had relied on those operations as a key source of trading revenue, in addition to revenue generated by facilitating clients' trading needs. This note aims to identify the key drivers of the trading performance of systemically important banks in the post-crisis period.
FEDS Notes , Paper 2017-07-10-3

Discussion Paper
Trading Activities at Systemically Important Banks, Part 1 : Recent Trends in Trading Performance
Kumbhat, Ashish; Ng, Michael; Iercosan, Diana A.; http://fedora:8080/fcrepo/rest/objects/authors/ (2017-07-10)
Using a confidential data set collected daily by onsite supervisors, this note provides a comprehensive look at the performance of systemically important banks’ trading and market-making activities since the financial crisis.
FEDS Notes , Paper 2017-07-10-1

Discussion Paper
Trading Activities at Systemically Important Banks, Part 2 : What Happened during Recent Risk Events?
Kumbhat, Ashish; Ng, Michael; Iercosan, Diana A.; http://fedora:8080/fcrepo/rest/objects/authors/ (2017-07-10)
As documented in the FEDS Notes article "Trading Activities at Systemically Important Banks, Part 1: Recent Trends in Trading Performance," trading performance at systemically important banks, measured by trading revenue per dollar of value-at-risk (VaR) committed, has trended up over the past few years.
FEDS Notes , Paper 2017-07-10-2