Tri-Party Repo Infrastructure Reform Task Force
("the Task Force")
The Task Force was formed in September 2009 under the auspices of the Payments Risk Committee (PRC), a private sector body sponsored by the Federal Reserve Bank of New York ("the NY Fed"). The Task Force was formed at the request of the NY Fed to address weaknesses that became visible over the course of the recent financial crisis.
The work of the Task Force is developed through the collective effort of a large number of market participants, representing multiple types of financial institutions that participate in the tri-party repo market.
The Task Force membership includes representatives from multiple types of market participants in the tri-party repo market, as well as relevant industry associations. Federal Reserve and SEC staff participated in meetings of the Task Force as observers and technical advisors. |
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