Central Banking

Qualified support for central clearing of repos in Australia

reserve-bank-of-australia2

Major players in the Australian repo market have given their qualified support to proposals for the establishment of a repo central counterparty (CCP), floated in March by the Reserve Bank of Australia (RBA).

Market participants seem to broadly support the creation of a CCP to act as go-between in tri-party repos, seeing the potential for efficiency gains. But they also warn that, for such an institution to be viable, certain conditions must be met.

The Australian Financial Markets Association (

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