Tri-party repo discussions pick up in Asia

There is growing interest among regulators and exchanges in Asia over the introduction of national tri-party collateral platforms to mitigate against counterparty credit risk. The practice is heavily entrenched in the US, where the market is estimated at $1.8 trillion, with BNY Mellon and JP Morgan the dominant clearing banks. While these services have not taken off with the same vigour in Asia, discussions among regional central banks and national exchanges over the use of repu…