13:45 – Repo: Liquidity, balance sheets and repo in the era of quantitative normalisation
Programme – Collateral Conference 2026
Repo: Liquidity, balance sheets and repo in the era of quantitative normalisation
Monetary policy in Europe and globally is shifting to remove excess liquidity from the market paving the way for repo markets to play a growing role in funding and liquidity redistribution.
This panel will examine the impact of quantitative normalisation on balance sheet management, collateral flows and the future evolution of repo markets.
Moderator: Emma Ward – MD Head of European DM Fixed Income Financing, Barclays
Panellists:
- Julien Choukroun, Co-Head of EMEA Rates Repo Trading, BNP Paribas
- Ludovic De beaucorps, Head of EMEA and APAC Short End Trading, Bank of America
- Carlos Davies, EMEA Head of Secured Funding and Collateral Optimisation Trading, Morgan Stanley
- Stoil Topalov, Executive Director, Global Markets, BBVA
