The FICC’s (Partial) Solution to Fire Sales

Bloomberg posted a piece yesterday on a plan by the FICC to “guarantee the most-liquid assets used as collateral between dealers and investors in the tri-party system.” Although not a public announcement, the article relied upon “people familiar with the discussions, who asked not to be identified because the talks were private.” Does this mean that the Fed has finally found a solution to the issue of ‘fire sales’ and the systemic risk they can cause in the financial markets?

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