The Volcker Rule's "covered funds rule" circumscribes bank investments and involvement in certain investment funds to limit bank risk taking and mitigate systemic risk. This article analyzes the choice by legislators and regulators in drafting the Volcker covered funds rule to use Investment...

The introduction of the Securities Financing Transactions Regulation into EU law provides a unique opportunity to obtain an in-depth understanding of repo markets. Based on the transaction-level data reported under the regulation, this paper presents an overview and key facts about the euro area...