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

Author

Listed:
  • Viktoria Baklanova

    (Office of Financial Research)

  • Adam Copeland

    (Federal Reserve Bank of New York)

  • Rebecca McCaughrin

    (Office of Financial Research)

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, describing 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 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.

Suggested Citation

  • Viktoria Baklanova & Adam Copeland & Rebecca McCaughrin, 2015. "Reference Guide to U.S. Repo and Securities Lending Markets," Working Papers 15-17, Office of Financial Research, US Department of the Treasury.
    • Handle: RePEc:ofr:wpaper:15-17
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    References listed on IDEAS

    as
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    5. Frank M. Keane, 2013. "Securities loans collateralized by cash: reinvestment risk, run risk, and incentive issues," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 19(May).
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Repurchase Agreements; Repos; Securities Lending; Wholesale Funding;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

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