Bank of Canada announces changes to securities repo operations
Notice - Friday, April 30, 2021, 14:30 (ET)
In line with its objectives to support core funding markets and to foster the well-functioning of the Government of Canada securities market, the Bank of Canada is announcing changes to securities repo operations (SROs).
The maximum total bidding amount across all securities in the SRO will increase to $4,000 million for each eligible participant effective Monday, May 3, 2021. The maximum bid rate will remain at 15bps. The terms and conditions of the SRO provide operational details.
The SROs provide a temporary source of Government of Canada nominal bonds and treasury bills to primary dealers and the increase in size announced today will help support liquidity in the securities financing market. The Bank, at its discretion, may adjust the sizing, pricing and other parameters of the program to achieve its objectives.
Bank of Canada announces changes to securities repo operations
Notice - Friday, January 22, 2021, 15:00 (ET)
In line with its objectives to support core funding markets and to foster the well-functioning of the Government of Canada securities market, the Bank of Canada is announcing changes to securities repo operations (SROs).
The maximum total bidding amount across all securities in the SRO will increase to $1,000 million for each eligible participant effective Monday, January 25, 2021. At the same time, the maximum bid rate will be set at 15bps. The Bank, at its discretion, may adjust the size, pricing and other parameters of the program to achieve its objectives. The terms and conditions of the SRO provide operational details.
Subramanian, Ratho, Jain made RBI EDs
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The Reserve Bank of India has appointed three of its senior officials R. Subramanian, R.S. Ratho and Rohit Jain as executive directors with effect from December 11.
Mr. Subramanian, who was Chief General Manager-in-Charge, Enforcement Department, will oversee the key departments of Foreign Exchange, Financial Markets Regulation, Internal Debt Management and International, the RBI said in a release.
Mr. Ratho, who was CGM Financial Markets Operations, will look after the same department as well as External Investments and Operations, Legal and Secretary’s Department.
Mr. Jain will oversee Supervision (Risk, Analytics and Vulnerability Assessment) after having been CGM-in-charge, Supervision.