Regulation may force some banks out of repos, says NY Fed's Davis
Banks will 'revisit their presence' due to liquidity and leverage charges
Banks may consider pulling out of the repurchase agreement and securities lending businesses completely as new liquidity and leverage rules start to bite, acording to a senior official at the Federal Reserve Bank of New York.
"All the capital and liquidity requirements that will affect that book of business are still in development, but certainly we realise there will be capital and liquidity charges against these businesses. You can anticipate that all firms will revisit their presence in this
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