No need for repo CCP in Australia, RBA says
Central bank decides not to actively encourage the (re)creation of a repo-focused central counterparty, but says it will work with the industry if it wants to take the project further
The Reserve Bank of Australia (RBA) has decided not to "actively promote" the creation of a central counterparty (CCP) for repos, saying it does not see a "financial stability case" for such an institution.
In a report published on October 28, the RBA sets out its conclusions on the costs and benefits of a repo CCP, following a consultation launched in March this year. Ultimately the central bank
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