The Financial Stability Board (FSB) published today a report entitled Securities Lending andRepos: Market Overview and Financial Stability Issues. The report describes the segments, operations and practices of these securities financing markets, which may constitute an important element of the shadow banking system. The FSB is examining the regulation of securities financing markets from a financial stability perspective as part of its wider work onshadow banking, on which the FSB will issue recommendations by the end of 2012.
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