4  See Payments Risk Committee (2010), Task Force on Tri-Party Repo Infrastructure (626 KB PDF) (New York: PRC, May); and Darrell Duffie, Ada Li, and Theo Lubke (2010), “Policy Perspectives on OTC Derivatives Market Infrastructure”, Staff Report 424 (New York: Federal Reserve Bank of New York, January (revised March)).
identified: the accumulation of credit and funding risk on the balance sheets of systemically important institutions and throughout the financial system, the correlation of risk among financial market participants, and the extent of counterparty exposures. Of course, we must also keep a close eye on broad credit and asset market conditions.