Central banks could intervene on repo market function – BIS study
Offering securities lending facilities is one option, CGFS study says
Repo markets are still adapting to the post-crisis landscape, but central banks may wish to take measures to head off potential adverse effects, according to a study published by the Bank for International Settlements.
Published today (April 12), the report by the Committee on the Global Financial System (CGFS) examines the factors driving the transition in repo markets.
The report notes that in many jurisdictions, outstanding volumes of repos have declined “significantly” from pre-crisis
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