Update on Tri-Party Repo Infrastructure Reform (Statement from the Federal Reserve Bank of New York)

Earlier this year, the Tri-Party Repo Infrastructure Reform Task Force issued its final report describing the status of industry efforts to reform the tri-party repo market. The Federal Reserve Bank of New York announced that the Federal Reserve would intensify its supervisory oversight of key tri-party market participants' efforts to implement the Task Force recommendations in a timely fashion.  Note that triparty repo was also a topic of extensive discussion in the FSOC's annual report, which was also a topic of today's news.  

View statement in full here (links externally to NY Fed website).