fas annual conference september 11, 2015 trends... · 2015 200 abcp 2008 1999 russia loan default...
TRANSCRIPT
FAS Annual Conference
September 11, 2015
0
10
20
30
40
50
60
70
80
90
100
110
120
130
140
150
160
170
180
190
200
210
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
Jun
20
15
Nu
mb
er
of
Firm
s
Number of Dealer Members by Peer Group
All DMs Retail Institutional (incl. ATSs) Integrated
$0
$8,000
$16,000
$24,000
$32,000
$40,000
0
25
50
75
100
125
150
175
200
Jan
-14
Feb
-14
Mar
-14
Ap
r-1
4
May
-14
Jun
-14
Jul-
14
Au
g-1
4
Sep
-14
Oct
-14
No
v-1
4
Dec
-14
Jan
-15
Feb
-15
Mar
-15
Ap
r-1
5
May
-15
Jun
-15
$ A
mo
un
t o
f Lo
sse
s [0
00
's]
Nu
mb
er
of
Firm
s
Number of Dealer Members Reporting a Monthly Loss
All DMs Number of DMs incurring a loss during the month Total $ Amount of losses for the month [000s]
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
18.00
De
c-0
3M
ar-0
4Ju
n-0
4Se
p-0
4D
ec-
04
Mar
-05
Jun
-05
Sep
-05
De
c-0
5M
ar-0
6Ju
n-0
6Se
p-0
6D
ec-
06
Mar
-07
Jun
-07
Sep
-07
De
c-0
7M
ar-0
8Ju
n-0
8Se
p-0
8D
ec-
08
Mar
-09
Jun
-09
Sep
-09
De
c-0
9M
ar-1
0Ju
n-1
0Se
p-1
0D
ec-
10
Mar
-11
Jun
-11
Sep
-11
De
c-1
1M
ar-1
2Ju
n-1
2Se
p-1
2D
ec-
12
Mar
-13
Jun
-13
Sep
-13
De
c-1
3M
ar-1
4Ju
n-1
4Se
p-1
4D
ec-
14
Mar
-15
Jun
-15
Leve
rage
Rat
io
Date
Weighted Average Balance Sheet Leverage Ratios December 2003 to June 2015
((Total Assets-RRSP-Free Credit Seg.) / (Capital + Subloans))
