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Goldman and JPMorgan tweak repo operations to....>

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US: Goldman and JPMorgan tweak repo operations to limit Basel impact (FT)
- Goldman Sachs and JPMorgan have found ways to keep trading in the $1.2tn US
repo market while limiting regulatory burdens, potentially easing a cash crunch
at the turn of the year. Both banks are key players in the repo market,
exchanging cash for high-quality collateral like US government debt - a vital
financing tool that hit trouble amid a squeeze on funding a couple of months
ago, which sent borrowing rates sharply higher.
- Link: https://www.ft.com/content/ac4cc418-243d-11ea-9a4f-963f0ec7e134

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