Jacob Adenbaum, Antoine Martin, and Susan McLaughlin — The Tri-Party Repo Market Like You Have Never Seen It Before

The tri-party repo market is a large and important market where securities dealers find a substantial amount of short-term funding. Despite its importance, this market was very opaque before the crisis. Since March 2010, in accordance with recommendation 13 of the Task Force on Tri-Party Repo Infrastructure Reform report, the Federal Reserve Bank of New York has made monthly data on the tri-party repo market available to the public. Today, with our new interactive tool, there is a whole new way to view the market and its evolution. You can make your own charts, looking at volumes for specific asset classes, at haircuts, or at concentration, over your preferred time horizon.…

FRBNY — Liberty Street Economics
The Tri-Party Repo Market Like You Have Never Seen It Before

Jacob Adenbaum, Antoine Martin, and Susan McLaughlin

Antoine Martin and Susan — Financial Innovation: The Origins of the Tri-Party Repo Market

First in a two-part series 

The conventional wisdom about financial innovation is that it is typically undertaken as a way to increase profits. However, financial innovation can also occur as a response to the need to reduce risk. Tri-party repo is an example of such innovation. While tri-party repo ultimately evolved in ways that created and amplified systemic risk (as we will describe in our next post), its origin was as a solution to inefficiencies and risks associated with the repo settlement arrangements prevailing at the time.

FRBNY— Liberty Street Economics
Financial Innovation: The Origins of the Tri-Party Repo Market

Antoine Martin, vice president in the Federal Reserve Bank of New York’s Research and Statistics Group, and Susan McLaughlin, senior vice president in the Bank’s Markets Group

John Carney — Is Stability Creating Fragility?

John Carney explains how the tri-party repo market works and why you may care.

CNBC NetNet
Is Stability Creating Fragility?
John Carney | Senior Editor