This Week's Top Stories

January 30 2020
Last week, 14 industry trade associations submitted a letter to the European Commission and ESMA requesting that CSDR’s mandatory buy-in provision be delayed or modified to preserve market liquidity. They offered four alternative policies for moving forward. We consider the options and their odds of success.
January 29 2020
A recent step taken by the New York Fed to boost reserves has flagged changes to foreign repo pool operations. We spoke with George Selgin, senior fellow and director of the Center for Monetary and Financial Alternatives at the Cato Institute, about what these policy changes mean and why they matter.