See Disclosure Appendix A1 for the Analyst Certification and Other Disclosures.
E U R O P E A N Q U A N T I T A T I V E S T R A T E G Y & C R E D I T .
5 September 2008
A N A L Y S I S
Global Corporates
EUROPE
CONTRIBUTING RESEARCH STRATEGIST Matt King London
+44 (0) 20 7986-3228
matt.king@citi.com
Are the brokers broken?
Nearly half of brokers’ own assets are funded on repo Under normal times, this would not present a problem But pressure for change is growing from regulators Gross repo usage is actually much, much larger In coming months, we expect a significant overhaul of all the bro
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