|
The Tri-Party Repo Infrastructure Task Force was formed in September 2009 under the auspices of the Payments Risk Committee, a private-sector body sponsored by the Federal Reserve Bank of New York.
The Task Force, which included representatives from multiple types of market participants in the tri-party repo market, as well as relevant industry associations, was formed at the request of the New York Fed to address weaknesses that became visible over the course of the recent financial crisis.
The Task Force delivered a final report in February 2012, at which time the New York Fed announced that the Federal Reserve would intensify its supervisory oversight of key tri-party market participants' efforts to implement the Task Force recommendations in a timely fashion.
For current information and updates, go to the New York Fed's tri-party repo reform section.
|
