Facebook logo
Facebook logo
Facebook logo
Facebook logo

Top Securities Lending news picks

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

[close]
Latest News
Broadridge acquires Anetics
05 February 2016 | New York
Broadridge has acquired Massachusetts-based tech firm Anetics, adding to its arsenal of securities finance tools... Read more

Eurex Clearing wins US approval
05 February 2016 | Washington DC
Europe’s largest clearinghouse and part of the Deutsche Börse group, Eurex Clearing, has received regulatory approval from the US Commodity Futures Trading Commission (CFTC)... Read more

For more news visit our news 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
Business as beneficial
Feature: With interest rates finally rising in the US, experts discuss what the future has in store for beneficial owners and their agent lenders Read more

France
Country profile: France’s institutional investors establishing discretionary securities lending programmes are benefitting from increased levels of control and flexibility Read more

Maria Langouche :: National Settlement Depository
Interview: Russia is making strides in repo, collateral management and securities lending. Maria Langouche of the country’s National Settlement Depository explains 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



Broadridge acquires Anetics
Broadridge has acquired Massachusetts-based tech firm Anetics, adding to its arsenal of securities f Read more

Eurex Clearing wins US approval
Europe’s largest clearinghouse and part of the Deutsche Börse group, Eurex Clearing, has received Read more

IMN: CCPs not quite central to sec lending plans
A conference audience poll found that 63.9 percent of attendees believe that central counterparties Read more

IMN: cyber concerns about regulators
Unanswered questions about the security of reported data stored by regional regulators should be a m Read more

Costs affecting IRS clearing decision, says TABB
Costs are playing a major role in where buy-side firms are choosing to clear their interest rate swa Read more

Securities Lending Times site map
Home
Home

Sitemap

Issue archive
Back issues online
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