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The invisible gear – Repurchase Agreement and the (Credit) Repo Market – Part 2

The invisible gear – Repurchase Agreement and the (Credit) Repo Market – Part 2

After examining the main features of the repo market as well as some peculiar characteristics of the European credit repo market (http://www.bsic.it/the-invisible-gears-repo-agreement-and-the-credit-repo-market-part-1/) we would like to walk you through what happens when a repo fails (and why this might happen) and the recent reform of the CSDR, i.e. the Central Securities Depository Regulation. This reform will be put in place via RTS (regulatory Technical Standards) through which this reform has been ruled will start applying in September 2020.