At the conference of the International Securities Lending Association (ISLA), BoE presented the work and findings of the UK Securities Lending and Repo Committee (SLRC). It was suggested that stronger transparency in these markets would increase the chances of proportionate regulatory response and also be useful for practitioners, who would for example benefit from better information on the distribution of haircuts. The SLRC also put forward the idea of a global trade repository for securities lending and repo, in the same spirit as the central database for euro repo markets proposed by the ECB. (Source: Shining a Light in the Shadows)