The FSB published in April 202 its interim report on securities lending and repos which provided an overview of the markets, description of the securities lending and repos markets' location in the shadow banking system, and discussed the financial stability issues arising from practices in these markets. The FSB indicated that it would welcome comments on this report, in particular, on the financial stability issues by 25 May 2012. These comments are available below.

The FSB wishes to thank those who have taken the time and effort to express their views, which will serve as an input to its workstream on securities lending and repos.