Central banks must work with stakeholders to improve repo clearing and settlement: BIS body
Stakeholders in repurchase markets worldwide must work with central banks and regulators to develop a unified view of problems in repo clearing and settlement arrangements, an influential committee based at the Bank for International Settlements (BIS) said on Wednesday.
The Committee on Payment and Settlement Systems (CPSS), chaired by William Dudley, the president of the New York Federal Reserve, made the recommendation in a report identifying seven key problems in repo clearing and settlement
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