The Bank of England announces details of the Indexed Long-Term Repo facility. Is this a more evolved version of the LTRO?
The Bank of England released details on their new Indexed Long-Term Repo (ILTR) and Contingent Term Repo Facility (CTRF) programs. This is part of the Bank of England Governor Mark Carney’s…Read More
The Bank of England may have gotten into the collateral transformation business…will the Fed follow?
Several news sources reported on last week’s speech by Mark Carney, the former Canadian central banker, now head of the Bank of England. Governor Carney spoke at a function celebrating…Read More
An article in Bloomberg “Repo Market Decline Raises Alarm as Regulation Strains Debt” by Liz Capo McCormick & Anchalee Worrachate featured some interesting observations about how the regulatory environment is reducing liquidity.…Read More
Fitch released a report on January 28, 2013 entitled “U.S. Money Fund Exposure and European Banks: Eurozone Declines, France Increases”. We dig behind the headlines and noticed some interesting trends.…Read More
Sandra Krieger, chief risk officer at the Federal Reserve Bank of New York spoke at a conference late last week and had some things to say about repo. There were…Read More
An article published by Bloomberg on August 28, 2012, written by Jim Brunsden, “ECB Said To Urge Weaker Basel Liquidity Rule On Crisis Risks“ looks at efforts to water down…Read More
The LTRO continues to attract attention. With another tranche coming up on February 29th, pundits relish in writing about how much money the banks will make by buying sovereign debt…Read More