UK repo decline sparks NSFR tussle in Europe
BoE and EC concerned about repo liquidity, but Basel Committee unlikely to budge
European officials have asked the Basel Committee on Banking Supervision to take another look at the treatment of repos in the Net Stable Funding Ratio (NSFR), according to an industry source, who cites the European Commission and the Bank of England (BoE) as the prime movers in the initiative.
"They have said they will be looking at this and have found they are quite interested. People are more and more conscious [that] we need to look at what we are implementing. The discussions are ongoing in
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