The largest liability of broker-dealers in 2015 was

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Repurchase agreements, also known as repos, are a common form of short-term borrowing for broker-dealers. These agreements involve selling securities to a counterparty with an agreement to repurchase them at a later date at a slightly higher price. If the broker-dealer is unable to repurchase the securities, they may face significant losses and liabilities. Therefore, repurchase agreements represent the largest liability for broker-dealers in 2015.

The Largest Liability of Broker-Dealers in 2015 Was