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In February 2024, a cyberattack against the electronic payments system operated by Change Healthcare, a unit of United Health Care, wreaked havoc on the nation’s health care payment processing system. Doctors and health care providers were unable to process insurance claims, squeezing health care providers and patients alike. The fallout from the attack continued to be felt for weeks afterward.1
And how it could change the industry
The stage is set for a potential rerun of the 2020 election this November and many investors are aware that financial markets usually do well in a presidential election year. Election years present a unique dynamic since the normal market influences are in play plus factors related to the election.
It is difficult to imagine a pre-digital world. E-commerce, online banking, using online tools to make doctor’s appointments, and find out test results: Technology is embedded in our daily lives, offering enormous advantages to daily living -- and the broader economy.
There’s an old saying in the financial world: Liquidity is like oxygen; you only notice it when it’s gone. And some of the most important – and least noticed – suppliers of that liquidity and therefore stability to the financial system are repurchase agreements, or repos.