Tag Archives: FSB

Statement to Revise Terms of Overnight Fixed-Rate Reverse Repurchase Agreement Operational Exercise

By Todd Zerega and Cátia Kossovsky Effective Thursday, January 30, 2014, the Federal Reserve Bank of New York (FRBNY) revised the terms of its daily, overnight fixed-rate reverse repurchase operational exercise, to increase the maximum allotment cap from $3 billion per counterparty per day to $5 billion per counterparty per day.  In addition, the fixed … Continue Reading

NY Fed Again Revises Overnight Fixed-Rate Reverse Repo Exercises

By Todd Zerega and Cátia Kossovsky   Beginning on Tuesday, November 19, the Open Market Trading Desk of the Federal Reserve Bank of New York (FRBNY)  increased the fixed rate offered in its overnight fixed-rate reverse repurchase operations exercise again, this time, from 4 basis points to 5 basis points. All other terms of the exercise remain the same.  You … Continue Reading

Financial Stability Board Issues Final Policy Recommendations for Securities Lending and Repos and Proposes for Further Comment Minimum Haircut Levels

By Todd P. Zerega and Sarah L. Eddy In November 2012, the Financial Stability Board ("FSB") published policy recommendations for addressing financial stability risks in the securities lending and repo markets. On August 29, 2013, the FSB issued final policy recommendations with respect to certain of the November 2012 policy recommendations and reproposed policy recommendations … Continue Reading