ICMA Report on The European Repo Market

The International Capital Market Association (ICMA) has released the results of its latest survey into the state of the European repo market.  Over the years these surveys have mirrored the fluctuations in the repo markets and this 25th survey which represents statistics gathered in June 2013* is no exception. Repo Market Overview Highlighting an overall […]

In the news: Repo round-up

ECB temporarily relaxes rules on ASBs With effect from 16 October the European Central Bank (ECB) is imposing higher reporting standards for residential mortgage-backed securities (RMBS) and asset-backed securities (ABS).  However it has agreed to temporarily consider accepting securities which fall short of the standards on a case by case basis and subject to acceptable […]

OTC repo transactions in Russia reach more than RUB120 billion.

According to Securities Lending Times, the value of securities used as collateral for the Bank of Russia’s OTC repo transactions is at the moment more than RUB120 billion. The National Settlement Depository (NSD) provides the collateral management services for the Bank of Russia as well as clearing services and securities and cash settlement to market […]

ICMA issues covered bond statement

  The International Capital Market Association (ICMA) has issued a statement to the credit rating agencies relating to the methodologies used in rating covered bonds.  The statement revolves around the volatility of covered bond ratings in particular and other ratings in general. Acknowledging the challenge of giving a credit opinion “through the cycle” the statement […]

Tougher regulation in the repo market

The Basel Committee on Banking Supervision may have recommended a minimum 3% capital holding to cover repo deals but globally regulators now seem to be tightening the rules still further.  Within the past month both the US SEC and European regulators have set out proposals for enhanced ratios and larger capital cushions. If implemented Basel […]

Boost to the Triparty Repo Settlement Interoperability

The ICMA European Repo Council has signed a memorandum of understanding with Clearstream, Euroclear and Eurex Clearing, which engages those providers in a joint project focusing on increasing the efficiency of the repo market. Through this agreement Eurex Clearing will be able to extend the connected settlement locations for its secured market pooling with Clearstream to […]

We are using cookies on our website

Please confirm, if you accept our tracking cookies. You can also decline the tracking, so you can continue to visit our website without any data sent to third party services.