Reference Guide to U.S. Repo and Securities Lending Markets

69 Pages Posted: 23 Sep 2015

See all articles by Viktoria Baklanova

Viktoria Baklanova

Federal Reserve Bank of New York

Adam M. Copeland

Federal Reserve Bank of New York

Rebecca McCaughrin

Government of the United States of America - Office of Financial Research

Multiple version iconThere are 2 versions of this paper

Date Written: September 1, 2015

Abstract

This paper is intended to serve as a reference guide on U.S. repo and securities lending markets. It begins by presenting the institutional structure, and then describes the market landscape, the role of the participants, and other characteristics, including how repo and securities lending activity has changed since the 2007-09 financial crisis. The paper then discusses vulnerabilities in the repo and short-term wholesale funding markets and the efforts to limit potential systemic risks. It next provides an overview of existing data sources on securities financing markets and highlights specific shortcomings related to data standards and data quality. Lastly, the authors discuss a near-term agenda to help fill some of the data gaps in repo and securities lending markets.

Keywords: repo, securities lending

JEL Classification: G10, G18, L10

Suggested Citation

Baklanova, Viktoria and Copeland, Adam M. and McCaughrin, Rebecca, Reference Guide to U.S. Repo and Securities Lending Markets (September 1, 2015). FRB of New York Staff Report No. 740, Available at SSRN: https://ssrn.com/abstract=2664283 or http://dx.doi.org/10.2139/ssrn.2664283

Viktoria Baklanova

Federal Reserve Bank of New York ( email )

33 Maiden Lane
New York, NY 10045
United States

Adam M. Copeland (Contact Author)

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

Rebecca McCaughrin

Government of the United States of America - Office of Financial Research ( email )

717 14th Street, NW
Washington DC, DC 20005
United States

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