Citadel exec questions regulatory findings on repo haircuts

Isda AGM: OFR analysis didn’t account for excess collateral held against cleared positions in related trades

Data from the Office of Financial Research has led to misconceptions about the amount of US Treasury repo funding provided to hedge funds without haircuts, according to market participants.

“The debate over minimum mandatory haircuts has been prompted by a little bit of misunderstanding about some of the data that was collected on the non-centrally cleared bilateral repo market,” said Stephen