RBA examines central clearing for bond and repo markets
Central bank says recent developments mean there is a stronger case for CCPs
Australia’s central bank today (July 24) began a consultation on whether to introduce central counterparties (CCPs) to clear transactions in the country’s bond and repurchase markets.
The Reserve Bank of Australia (RBA) indicated that the potential benefits of having bond and repo trades centrally cleared had increased since its previous consultation on the matter.
In 2015, the bank concluded that the case for introducing CCPs to the repo market on grounds of financial stability was not strong
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