RMA’s U.S. Negative Rates Survey: Executive Summary

The U.S. Negative Rates Survey originated in discussions at the RMA Market Risk Council in March 2020 as coronavirus uncertainty dominated the markets and the Federal Open Markets Committee took the Fed Funds Target Rate to the effective zero rate “floor.” Council members concluded that a survey covering the potential for a U.S. negative rates policy, the probable industry impact, and financial firms’ readiness to operate in a negative rates environment would be valuable to…