ICMA Chief Executive Martin Scheck and Andy Hill, Senior Director, Market Practice and Regulatory Policy, ICMA discuss how the European repo market has mostly held up well during the market turbulence stemming from the global COVID-19 pandemic. However, this has not been without some strains. In particular, as the demand for repo has increased, banks’ capacity to intermediate has remained constrained. Meanwhile, the market has had to deal with the disruption of operating remotely, with implications for both the supply of collateral and operational efficiency.
May 5, 2020