The New York Federal Reserve will on Wednesday begin a new series of tests on reverse repurchase operations with primary dealers as its edges a fraction closer to exiting from the extraordinary support provided to banks at the height of the crisis.
The New York Fed's latest set of tests will involve small-scale, real-value reverse repos with banks, using all eligible types of collateral. The tests will, for the first time, include agency mortgage-backed securities from the Fed's portfolio, which
- Central banks may be thinking wrongly about inflation – Borio
- European Commission announces supervisory agency reforms
- Bank of Russia will be able to handle fallout from failing banks, analysts say
- Riksbank outlines three visions of ‘e-krona’
- All central banks may have to consider crypto-currencies – BIS