Large banks including Goldman Sachs, JP Morgan and Morgan Stanley are backing new safeguards in short-term lending markets, a bid to prevent a replay of the 2008 financial crisis, said people familiar with the banks.

Facing rising regulatory pressure over the stability of the multitrillion-dollar "repo" market, the banks are pushing to expand the role of so-called central clearinghouses that guarantee financial obligations on trades are met in case of a default, the people said.