The announcement last week that BNP Paribas has entered the European tri-party market begs the question: is a fifth (or eighth, by some counts) tri-party agent necessary? This question can be reframed to the US context as well, with BNY Mellon already the dominant player and soon to be the sole provider for GCF Repo(R).
This content requires a Finadium subscription. Articles with an unlocked symbol can be accessed with free registration. Log in or create a free account by signing up here..
