- Recently, the BIS published results that indicated that the U.S. repo market may be dominated by a very small number of banks. The New York Federal Reserve then published a post and shows that the secured funding portion of the repo market is competitive as it is not concentrated overall and how the pricing of the banks is available to market participants.
- This discussion certainly shows that there is an active discussion on the underlying transactions and markets that will be used as the basis of the new risk free rates.
- https://libertystreeteconomics.newyorkfed.org/2021/02/how-competitive-are-us-treasury-repo-markets.html
