Regulators urged to keep specials out of repo haircut debate
Industry experts say negative haircuts on scarcer collateral shouldn’t be seen as alarming
Repo market participants are calling for regulators not to drag special collateral repo into the growing discussion around the appropriate level of haircuts on repurchase agreements.
Andy Hill, co-head of market practice and regulatory policy at the International Capital Market Association, says there “seems to be a lot of discussion around repo haircuts right now, including some misunderstanding
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