SEC Chair Gary Gensler: “Many hedge funds are receiving the vast majority of their repo financing in the non-centrally cleared market, where haircuts or initial margin requirements are not necessarily applied. This might create greater risk in times of stress”
by Dismal-Jellyfish The Next “Century of Progress”: Remarks before the International Swaps and Derivatives Association Annual Meeting https://www.sec.gov/news/speech/gensler-remarks-isda-051023 Highlights: “Broadly speaking, our proposal would require clearinghouses to ensure that their members bring in all of their repo transactions, both sides …
