Risk Audit - Training and Recruitment
Thursday, 16 February 2012

Fed Focuses on Intra-Day Risk

The Federal Reserve Bank of New York has pledged to reduce the degree of intraday lending risk that the market runs on Bank of New York Mellon and JP Morgan in respect of the tri-party repo market.

A task force was formed to look at ways of reducing this risk and set a target date of August 2011. The body reported yesterday without any meaningful conclusions as to how to deal with this issue.

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