Tri-Party Repo Infrastructure Reform and White Paper by New York Federal Reserve Bank

Released May 17, 2010, this report derived from a culmination of meetings with repo-market practitioners, regulators, academics, banks, broker dealers, money market participants, mutual funds, borrowers, and lenders. The purpose was to address the deterioration of the repo market during the crisis to assess problems and recommend changes.

This report is historic because the public is given an extraordinary and insightful view of a repo market that has been essentially closed to public viewing due to its closed nature and because it is a market not well understood operationally by the public due to its many nuances. The number of academic articles and books on ...

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