Facebook logo
Facebook logo
Facebook logo
Facebook logo

Latest Headlines

Securities Lending Times home | Tri-Party Repo Reform ← You are here

[close]
Latest News
SIFMA bangs the drum for securities lending
23 September 2016 | Washington DC
The securities lending market is not a systemic risk and therefore should not be constrained by regulation, according to the Securities Industry and Financial Markets Authority... Read more

Digital Asset applies Blockchain to Swiss market
22 September 2016 | Zurich
SIX Securities Services is partnering up with Digital Asset Holdings to work on a proof-of-concept for blockchain technology in the Swiss financial market... Read more

For more news visit our news section

Upcoming events
33rd Annual RMA Conference on Securities Lending
Date: 10-13 October 2016
Location: Boca Raton, Florida
Find out more

ISLA's 7th Annual Post Trade Conference
Date: 06 October 2016
Location: The Great Hall, 60 Victoria Embankment, EC4Y 0JP, London
Find out more

For more events visit our event section
Securities Lending Times
View the latest issues online now

Sister publications
Asset Servicing Times
www.assetservicingtimes.com

Captive Insurance Times
www.captiveinsurancetimes.com

Real Estate Investment Times
www.realestateinvestmenttimes.com

Media pack [download]
Ad specs [download]
Latest features
Spotlight on Saudi Arabia
Feature: Sunil Daswani speaks to members of Northern Trust’s global securities lending team to discuss the emerging Saudi Arabian market and the opportunities, and uncertainties, it could bring Read more

South Africa
Country profile: South Africa’s securities lending industry is on the verge of embracing a modern T+3 settlement cycle that could boost the country’s market Read more

Jerry Friedhoff, Broadridge :: Alastair Chisholm, 4sight
Interview: Jerry Friedhoff of Broadridge and Alastair Chisholm of 4sight explain Broadridge’s June 2016 acquisition of 4sight, and what it means for their clients Read more

For more features visit our features section
Latest news
More news
IPPro default image
Tri-Party Repo Reform
17 May 2010 | New York | Reporter:
The Federal Reserve Bank of New York today announced the publication of a white paper on the work of the Tri-Party Repurchase Agreement (Repo) Infrastructure Reform Task Force. The white paper highlights policy concerns over weaknesses in the infrastructure of the tri-party repo market and seeks public comment on the task force's recommendations to address these concerns.

The recommendations set forth by the task force in its final report, when implemented, should:

- dampen the potential for problems at one firm to spill over to others,

- clarify the credit and liquidity risks borne by market participants, and

- better equip them to manage these risks appropriately.

Feedback on this paper received during the 30-day public comment period will help New York Fed staff, and others with regulatory and supervisory responsibilities, to assess the task force proposals and identify any additional or alternative measures that should be considered.

"We are grateful for the work of the task force and encourage all stakeholders to provide comments," said William C. Dudley, president and chief executive officer of the Federal Reserve Bank of New York. "The Federal Reserve is committed to initiating actions, as necessary, to promote strong risk management practices by all market participants and the stability and resilience of financial markets more broadly. The work of the task force represents an important step in this direction."

The tri-party repo market and short-term funding markets will continue to evolve as broader regulatory reforms take shape, and enhancements to infrastructure, such as those proposed by the task force, are implemented. Going forward, it will be imperative to monitor the evolution of these markets closely.

The New York Fed tasked the Payments Risk Committee (PRC), a private-sector group of senior U.S. bank officials sponsored by the New York Fed, to form a group of industry stakeholders to address tri-party repo market infrastructure weaknesses exposed during the financial crisis of 2008 and 2009. The PRC created the Tri-Party Repo Infrastructure Reform Task Force in 2009, and included tri-party repo market participants, service providers and representatives from industry groups. The task force met regularly since its creation to discuss enhancements to the policies, procedures and systems supporting the tri-party repo market. The final report of the task force was also issued today.

For more information visit http://www.newyorkfed.org/newsevents/news/banking/2010/an100517.html



SIFMA bangs the drum for securities lending
The securities lending market is not a systemic risk and therefore should not be constrained by regu Read more

Digital Asset applies Blockchain to Swiss market
SIX Securities Services is partnering up with Digital Asset Holdings to work on a proof-of-concept f Read more

Russia’s NSD earns first ‘premier' status from SWIFT
Russia’s central securities depository, the National Settlement Depository, has become the first E Read more

Celer and itarle pair up on executions
itarle has paired with Celer Technologies to make to make its algorithmic execution strategies avail Read more

BNY Mellon to test real-time payment service
BNY Mellon has upped the ante in the race to achieve efficient real time payments by becoming one of Read more

Securities Lending Times site map
Home
Home

Sitemap

Issue archive
Back issues online
Recruitment
Recruitment

Events and Training
Upcoming events

Upcoming training

Company info
About us

Contact us


Copyright (C) 2016 Black Knight Media Ltd. All rights reserved. No reproduction without prior authorization
[close]
Never miss an issue again
Subscribe to Securities Lending Times - Get it delivered straight to your inbox
We need to know you are not a ROBOT. Please type HUMAN in the box below and continue to fill in the rest of the form