The financial system relies on short-term money markets every day to fund operations. A crucial but little-known market that ordinarily hums steadily along, this week we saw a shortage of cash cause a massive spike in repo rates. What happened?In this podcast, SIFMA president and CEO, Kenneth E. Bentsen, Jr. discusses the confluence of technical factors that caused the market dislocation - and what policymakers can take away from it. He is joined by Robert Toomey - Managing Director and Associate General Counsel and head of SIFMA's capital markets practice - and Carter McDowell - Managing Director and Associate General Counsel and head of SIFMA's prudential and capital practice.Get SIFMA's fact sheet on the repo markets at https://www.sifma.org/resources/research/us-repo-market-fact-sheet-2019/
