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Richard Comotto

Co-founder and Chief Product Officer
Richard Comotto

Richard has been involved with repo for over 20 years and is a well-known figure in the market. During that time, he has been an adviser to the ICMA’s European Repo and Collateral Council (ERCC), among other things, conducting its authoritative semi-annual survey of the European repo market since 2001 and authoring its Guide to Best Practice in the European Repo Market, which is the most comprehensive code of conduct in the financial markets.

His Repo FAQs page on the ICMA website is its most actively consulted published resource on repo. More recently, Richard has supported the ERCC’s SFTR Task Force and authors its authoritative Recommendations for Reporting Repos under SFTR and other guidance. Richard is ICMA’s Director of Education on repo and has trained many of those currently working in the European repo market (including staff at the ECB and FRBNY). He has also been retained by the IMF, World Bank, Asian Development Bank and market development foundation, Frontclear, to advise on the creation of new repo markets in Central and Eastern Europe, Africa, Asia and South America.

Richard is a commentator on all things repo, recently posting articles on the interpretation of SFTR public data, the impact of SFTR on reporting firms, green repo, the taxonomy of repo trading technology, CCP clearing of repo, the legal character of repo and the difference between repos, securities lending and derivatives.