Bloomberg LP has released the first agency-neutral platform allowing investors to process and confirm tri-party repo trades with both clearing banks Bank of New York Mellon and J.P. Morgan.
The Federal Reserve Bank of New York is tightening its monitoring of European lenders to check their vulnerability amid signs of growing financial stress.
The Federal Reserve Bank of New York has proposed including government-sponsored enterprises as designated counterparties for reverse repurchases, reports Bloomberg.
The Federal Reserve Bank of New York purchased $1 billion of the U.S. currency on March 18, when the group of seven nations intervened to cut short the surge in the yen.
