The Federal Reserve Bank of New York has issued a white paper to discuss its policy concerns regarding weaknesses in the infrastructure of the tri-party repo market as well as to seek comment on industry recommendations to address these concerns. In 2009, the New York Fed asked the Payments Risk Committee to form a task force to address the weaknesses that became visible over the course of the financial crisis. The resulting Tri-Party Repo Infrastructure Reform Task Force has published its final report with recommendations to strengthen the infrastructure supporting this critical market.

The New York Fed’s white paper invites feedback on the task force proposals from the broad range of stakeholders in the tri-party repo market. Comments are requested on all aspects of the task force recommendations as well as on the policy concerns raised in the white paper. The feedback received is intended to help New York Fed staff and others with regulatory and supervisory responsibilities to assess the recommendations and identify additional or alternative measures that should be considered. The comment period ended June 16, 2010.

New York Fed White Paper: Tri-Party Repo Infrastructure Reform

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