Central clearing will likely be an important measure to enhance #Treasury-market liquidity but it may not be the most important one, Patrick Parkinson, senior fellow at the @Bank Policy Institute, tells Aerial View. He says one popular idea would be for the #FederalReserve to expand access to its standing reverse repurchase (repo) facility beyond primary dealers and a small number of banks, perhaps similar to proposals for the #BankOfEngland’s reverse repo facility.