How window-dressing distorts US repo markets
Banks crush their repo balances periodically to massage systemic indicators, with far-reaching consequences for borrowing rates
This is the fourth in a series of extended articles from Risk.net’s Risk Quantum desk, which produces daily data articles, available via a Risk Management subscription. You can find the previous articles here.
On November 27, the Basel Committee on Banking Supervision published the latest systemic indicators for the world’s largest banks. These are supposed to provide the most accurate picture
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