Vulnerabilities are visible, and have already surfaced, in precisely the part of the market most people assume is safest, writes Prasad Gollakota.

As regulatory pressures reshape European repo markets and balance sheet constraints weigh on dealers, buy-side firms are increasingly looking at clearing as a complementary part of their repo toolkit ...

The Federal Reserve just provided over $11B in one-day liquidity to the overnight repo market, signalling that banks needed the injection to keep their balance sheets healthy. This is a major movement ...