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UK repo decline sparks NSFR tussle in Europe

BoE and EC concerned about repo liquidity, but Basel Committee unlikely to budge

tug-of-war3

European officials have asked the Basel Committee on Banking Supervision to take another look at the treatment of repos in the Net Stable Funding Ratio (NSFR), according to an industry source, who cites the European Commission and the Bank of England (BoE) as the prime movers in the initiative.

"They have said they will be looking at this and have found they are quite interested. People are more

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