Nowt on monetary policy, which we weren’t expecting anyway.
- Urges higher capital requirements for any firm with significant broker-dealer operations
- Like the idea of limiting broker repo market use and prohibiting money market funds from some repo trades
- Potential for broker problems has not been addressed
You’d hope they’ve made some inroads into regulation with all the schemes they’ve been designing over the last couple of years. For some though there’s never enough red tape
