No need for repo CCP in Australia, RBA says

Central bank says no financial stability case, and costs would be high

RBA: no mandated repo CCP

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 decided the benefits appeared limited and the costs could be high.

"Given the participation

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