menu
close

Venue

Webex
15:00-16:30 CET

Format

online

Date

Thursday, May 8, 2025

In cooperation with

The market for “repurchase agreements” (repos) is a core element of the financial system. Measuring around EUR 11 trillion in the EU the market provides funding for banks, helps traders finance their bond portfolios and fund managers to manage their cash holdings.  Hence, the smooth functioning of repo markets is vital for banks, fund managers and bond traders. The end of “Quantitative easing” and adjustments in central bank balance sheets has further increased the importance of repo markets.  In particular, since 2022, many central banks have made significant headway towards reducing their footprint in government bond markets. In this new environment, repo markets are starting to play a core role in the distribution of liquidity. Repeated episodes of volatility, in particular in the US market, have provided evidence for some fault lines. Against this background this webinar will provide a comprehensive discussion of the repo market. We will discuss the private sector’s perspective, the role of collateral cycles, central bank analysis and also the US situation.

Scientific coordination: Martin Scheicher, Adviser, DG Horizontal Line Supervision of the SSM & SUERF Fellow

Program

Time
Thursday, 8 May 2025
15:00
Welcome and Introduction
Ernest Gnan, Secretary General, SUERF
Martin Scheicher, Adviser, DG Horizontal Line Supervision of the SSM
15:15
Panel Discussion
Moderation: Anneli Tuominen, Member of the Supervisory Board · European Central Bank (ECB)
Christoph Rieger, Head of Rates & Credit Research · Commerzbank AG
Mark Paddrik, Associate Director of Financial Institutions · OFR, US Treasury Department
Angelo Randaldo, SFI Senior Chair, Professor of Finance and Financial Economics · University of Basel
Thomas Vlassopoulos, Deputy DG, Market Operations · European Central Bank (ECB)
16:30
End