Trouble in US repo markets, IFC impact investing roundtable
Tuesday 1 October 2019 – Vol.10 Ed.40.1
Commentary: Trouble in US repo markets
By Daniel Tenengauzer and John Velis
There are many reasons that might explain the mid-September squeeze in the US overnight funding market, but they all come down to initiating a race to hoard cash. At a point on Monday 16 September, somebody wanted to acquire one dollar more than the market could supply, pushing up the borrowing rate in the overnight repo market. Whether it was a company trying to obtain dollars to pay quarterly taxes due, the government needing to meet its payroll, or an investor financing an IPO outside the US, it was one dollar too many.
Read the full commentary on the website.
Meeting: Impact investing – Scaling the market and promoting a universal framework
Thursday 10 October, London, 11:00-12:30 GMT
The desire for investment that supports positive social and environmental goals has grown rapidly across the world. Yet there is no common standard or taxonomy for ‘impact investing’, and the size of the market remains unclear. Neil Gregory, chief thought leadership officer at the International Finance Corporation, will discuss the impact investing framework that the IFC published in April and was signed by 60 global investors.
Request to attend the meeting.