Repo and Securities Lending

We provide an overview of the data required to monitor repo and securities lending markets for the purposes of informing policymakers and researchers about firm-level and systemic risk. We start by explaining the functioning of these markets and argue that it is crucial to understand the

本研究概述了用于监控回购（Repo）与证券借贷市场所需的数据，旨在为政策制定者与研究人员提供企业层面与系统性风险的相关信息支撑。我们首先阐释上述两类市场的运行机制，并阐明理解[原文未完整表述内容]的重要性。