The Changing Collateral Space
Electronic Access:
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Summary:
This paper highlights the changing collateral landscape and how it may shape the global demand/supply for collateral. We first identify the key collateral pools (relative to the “old” collateral space) and associated collateral velocities. Post-Lehman and continuing into the European crisis, some aspects of unconventional monetary policies pursued by central banks are significantly altering the collateral space. Moreover, regulatory demands stemming from Basel III, Dodd Frank, EMIR etc., new net debt issuance, and collateral connectivity via custodians (e.g., Euroclear/ Clearstream/ BoNY etc) will affect collateral movements.
Series:
Working Paper No. 2013/025
Subject:
Banking Collateral Financial institutions Financial statements Public financial management (PFM) Securities
English
Publication Date:
January 28, 2013
ISBN/ISSN:
9781475542356/1018-5941
Stock No:
WPIEA2013025
Pages:
19
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