RBC, JP Morgan become top MMF repo dealers

- By Lorenzo Migliorato
- 06 Feb 2023

Royal Bank of Canada (RBC) and JP Morgan have dethroned BNP Paribas as the top repo dealers to US money market funds (MMFs), helped by a fall in transactions at the French bank over the last two months of 2022, data from the Office of Financial Research (OFR) shows.

As of end-December, BNP Paribas was a counterparty to 7.5% of all MMF repo assets with private counterparties – that is, anyone

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