Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-10-29-Speech-4-497-452"
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"en.20151029.35.4-497-452"2
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"This report was concerned with securities financing in relation to the lending of securities (e.g. stocks, bonds, asset-backed securities etc.) in return for cash. Typical transactions are repos, reverse repos, buy-sell back transactions or sell-buyback transactions and collateral swaps, which are all used by most banks in order to increase liquidity in the market.
These financial instruments pose a major threat to financial stability. In the wake of the financial crisis, the EU has to some extent tried to reform the regular banking sector. As a result of the ‘tougher’ regulation of banks, it is safe to assume that banks will try to shift their financial activities such as securities financing transactions (SFTs) to the shadow banking sector, as it is basically non-regulated (shadow banks are credit institutions like Lehman Brothers that operate outside the regular banking sector).
This regulation seeks to prevent a migration to shadow banking by increasing transparency and reporting on SFTs outside the normal banking sector."@en1
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