Hedge-fund giant Citadel urges US data collection on unmonitored half of repo market

28 February 2019 12:27am
Citadel, one of the world’s largest hedge-fund firms, has called for US authorities to supplement a new shadow-banking rule with data collection on untracked repurchase agreements that make up half the murky short-term funding market that contributed to the financial crisis.

“Access to comprehensive data covering the entire repo market is critical to monitoring overall market stability,” Citadel wrote recently to the US Office of Financial Research, or OFR.

“Comprehensive, market-wide data also enables the official sector to monitor market trends," the hedge-fund giant added.