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SUMMARY:The Euro Interbank Repo Market
DTSTART:20150611T120000
DTEND:20150611T130000
DTSTAMP:20260916T063924Z
UID:0d876cd5198163f6c2d30b4e8b2e91ccbeec3afb1bc4484a8e9e62a7
CATEGORIES:Conferences - Seminars
DESCRIPTION:Loriano MANCINI (SFI@EPFL)\nThe search for a market design tha
 t ensures stable bank funding is at the top of regulators' policy agenda. 
 This paper empirically shows that the central counterparty (CCP)-based eur
 o interbank repo market features this stability. Using a unique and compre
 hensive data set\, we show that the market is resilient during crisis epis
 odes and may even act as a shock absorber\, in the sense that repo lending
  increases with risk\, while spreads\, maturities\, and haircuts remain st
 able. Our comparison across different repo markets shows that anonymous CC
 P-based trading\, safe collateral\, and the absence of an unwind mechanism
  are the key characteristics to ensure market resilience.
LOCATION:UNIL\, Extranef\, room 125 https://planete.unil.ch/plan/?local=EX
 T-125
STATUS:CONFIRMED
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