Welcome to the fourth edition of Radar
In this edition of Radar, we address three issues: the implications of TARGET2-Securities beyond the confines of the eurozone; the state of FATCA; and the likely consequences of central bank liquidity control measures on repo markets and collateral management.
As far as the first of these is concerned, preparations for T2S are well underway and the benefits will no doubt be a subject of much debate at Sibos, as it has been for the past few years. Radar presents a view that is not always prominent in the discussion: that of T2S for participants from outside the eurozone.
Elsewhere we explore the implications of central clearing for the standardization of derivative instruments and the infrastructure needs of the insurance industry. As ever, we look forward to your feedback.