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Your search keyword '"*COLLATERAL security"' showing total 2 results
Start Over Descriptor "*COLLATERAL security" Topic banking industry Topic securities
2 results on '"*COLLATERAL security"'

1. The future of securities financing.

Author

BENJAMIN, JOANNA, MORTON, GUY, and RAFFAN, MICHAEL

Subjects
*SECURITIES, *BANKING industry, *CREDIT, *COLLATERAL security, *FINANCIAL crises
Abstract

Securities financing (ie repos and cash-driven securities loans) provide short-term credit against securities collateral, and offer a valuable alternative to short-term bank finance. These markets are an important aspect of the shadow banking system, where unregulated maturity transformation and leverage was implicated in the recent financial crisis. International regulatory reform initiatives, particularly by the Financial Stability Board, are timely, generally well-targeted and welcome. Less welcome is alarmism about the substantive law basis of securities financing. This discussion is intended to show those concerns to be unfounded. [ABSTRACT FROM AUTHOR]

Published
2013
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2. Safety first.

Subjects
*COLLATERAL security, *FINANCIAL engineering, *BONDS (Finance), *SECURITIES, *BANKING industry
Abstract

The article discusses financial innovation and examines collateralisation. The article argues that demand for collateral increased after the 2008 financial crisis, which has caused the development of financial products including liquidity swaps, collateralised commercial paper, and other systems. The article says that this innovation must be regulated and examines issues such as encumbrance, complacency, and interconnectedness.

Published
2012

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