Take care with repo market, ECB's Bindseil urges
Regulators and policy-makers should try to avoid any "unintended impact" from new rules that could harm the repo market, says ECB's head of general market operations
Regulators and policy-makers should try to avoid unintended damage to the repo market from new rules such as the leverage ratio and net stable funding ratio (NSFR), according to a European Central Bank (ECB) official, speaking at a conference in Berlin today. Ulrich Bindseil, director-general within the ECB's general market operations unit, was responding to warnings from fellow panellists that repo would end up migrating to the shadow banking industry.
"We cannot conclude that regulation can be
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