Qualified support for central clearing of repos in Australia
Market players spot potential business opportunity
Major players in the Australian repo market have given their qualified support to proposals for the establishment of a repo central counterparty (CCP), floated in March by the Reserve Bank of Australia (RBA).
Market participants seem to broadly support the creation of a CCP to act as go-between in tri-party repos, seeing the potential for efficiency gains. But they also warn that, for such an institution to be viable, certain conditions must be met.
The Australian Financial Markets Association
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