On August 2, 2012, Karen Peetz, President of BNY Mellon, discussed the U.S. tri-party repurchase market before the Senate Subcommittee on Securities, Insurance and Investment.
U.S. Tri-Party Repo Infrastructure Reform
BNY Mellon is fully committed to supporting U.S. Tri-Party Repo Infrastructure Reform that is geared toward reducing systemic risk, "practically" eliminating intraday credit risk and enabling market participants to continue to efficiently and effectively fund their operations.
As a leader in the U.S Tri-Party Repo market, it is our goal to serve as a thought leader in providing insight and making changes that will help industry participants meet the U.S. Tri-Party Repo Infrastructure Reform objectives.
Please check back regularly for updated information on BNY Mellon's efforts to help drive change in accordance with the objectives of the U.S. Tri-Party Repo Infrastructure Reform.