BIS central bankers’ speeches  1  During the next two days, we will investigate the economic impact of China and Russia as emerging global economic players on the catching-up process in CESEE. In doing so, we will try to answer questions such as: Does competition from the two large and growing emerging market economies constitute a drawback for CESEE? Or do opportunities prevail?
The Federal Reserve and other authorities also are focusing on enhancing the resilience of the markets for tri-party repurchase agreements, in which the primary dealers and other large banks and broker-dealers obtain very large amounts of secured financing from money funds and other short-term, risk-averse investors.