Ongoing Data Collection of Non-Centrally Cleared Bilateral Transactions in the U.S. Repurchase Agreement Market

Key Points

• 1Banks and financial firms must submit ongoing reports about bilateral repurchase agreements (short-term loans where one party agrees to buy securities and sell them back later) that aren't cleared through a central system
• 2The Treasury will use this data to better understand and monitor risks in the less-regulated parts of the financial system that could affect overall market stability
• 3Financial institutions need to set up systems to track and regularly report this transaction data to meet new government requirements
• 4The regulation aims to increase transparency in financial markets by collecting information that was previously scattered or unreported
• 5This is part of broader efforts to prevent financial crises by giving regulators better visibility into how banks lend money to each other

Key Dates