The European Repo Council (ERC)* of the International Capital Market Association (ICMA) launched a study: ‘Perspectives from the eye of the storm: the current state and future evolution of the European repo market’, which looks at how the repo market in Europe is changing in response to regulatory pressures.
The study records growing concern that the cumulative impact of various prudential and market regulations, along with extraordinary monetary policy, could be affecting the ability of the European repo market to function efficiently and effectively. This could, in turn, have wider repercussions for the broader capital markets and so for the real economy.
To view the study, click here.
To view the related press release, click here.
*On 4 December 2015, the name of the European Repo Council (ERC) was changed to the European Repo and Collateral Council (ERCC).
See also:
IFLR article: BANKING & PROJECT FINANCE - REPO REFORM - Hit by a train
By Andy Hill, Director, Market Practice and Regulatory Policy at the International Capital Market Association Limited in London
From the IFLR September 2015 edition.
What is the prognosis for the repo market?
Post-crisis regulations continue to target repos. Given their vital role in wholesale markets, other bank businesses will be hit.
To download the article, click here.
Or read on IFLR's website at iflr.com/reporeform
