Reaction to delays on US tri-party repo

In mid-February 2011 the New York Federal Reserve-sponsored Tri- Party Repo Infrastructure Reform Task Force issued its final report, which described a desired target state for tri-party repo and updated the recommendations made in its preliminary May 2010 report. The new report included key recomme...

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Bibliographic Details
Published in:	Global Investor 2012-03
Format:	Magazinearticle
Language:	eng
Subjects:	Banking law Business conditions Business forecasts Clearing banks Credit risk Evaluation Infrastructure Reforms Regulation of financial institutions Securities law Task forces
Online Access:	Get full text
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Summary:	In mid-February 2011 the New York Federal Reserve-sponsored Tri- Party Repo Infrastructure Reform Task Force issued its final report, which described a desired target state for tri-party repo and updated the recommendations made in its preliminary May 2010 report. The new report included key recommendations designed to substantially reduce the extension of intraday credit by the two main clearing banks in the US: JPMorgan and BNY Mellon.
ISSN:	0951-3604