Market players warn against European repo clearing mandate
Regulators urged to await outcome of US mandate and be wary of risks to government bond liquidity
The US clearing mandate for Treasury repo shouldn’t be copied and pasted into European rulebooks, market participants have warned. The mandate, devised by the Securities and Exchange Commission, is due to take effect in mid-2027, and European regulators have been considering whether a similar requirement is appropriate for their own government bond markets.
“The quick answer is no,” said Jens
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