Staff Reports
Reference Guide to U.S. Repo and Securities Lending Markets
September 2015 Number 740
Revised December 2015
JEL classification: G10, G18, L10

Authors: Viktoria Baklanova, Adam Copeland, and Rebecca McCaughrin

This paper is intended to serve as a reference guide on U.S. repo and securities lending markets. It begins by presenting the institutional structure, and then describes the market landscape, the role of the participants, and other characteristics, including how repo and securities lending activity has changed since the 2007-09 financial crisis. The paper then discusses vulnerabilities in the repo and short-term wholesale funding markets and the efforts to limit potential systemic risks. It next provides an overview of existing data sources on securities financing markets and highlights specific shortcomings related to data standards and data quality. Lastly, the authors discuss a near-term agenda to help fill some of the data gaps in repo and securities lending markets.
Available only in PDF pdf 68 pages / 764 kb
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