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GFMA and ICMA Repo Market Study: Post-Crisis Reforms and the Evolution of the Repo and Broader SFT Markets

□ Published by GFMA and ICMA (You can find more information on the website www.icmagroup.org)

□ Published on December 2018

□ Summary of the article:

By providing a holistic account of the operation of repo and securities lending markets during the crisis, and analysing the subsequent reforms, this report explains how regulatory change has impacted banks’ securities financing transaction (SFT) businesses and how that has changed the way these markets function. This assessment is followed by an analysis of how the changes in the cost of SFTs have affected banks’ product offerings and client choices, as well as how volatility in some repo markets has impacted the selection of IBOR replacement rates.

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