Natixis’s Bertrand Bordais, Government Bond Repo Head for GSF, on EU repo market conditions and the outlook for the coming year
European Commission proposes changes to IFRS9 and Leverage Ratio but fails to exempt government bonds
ECB collateral adjustments help, but the EU must still take big moves on bank balance sheets (Premium)
Bank of England paper on repo finds what the market knows: UK Leverage Ratio damages liquidity and creates regulatory arbitrage