Asia can ease collateral squeeze, says Clearstream chief
A more efficient use of high-quality sovereign assets held by banks in Japan and Australia can help overcome the potential collateral shortfall from the imposition of Basel III and central clearing, according to Jeffrey Tessler, chief executive of Clearstream, speaking at a media briefing in Hong Kong yesterday.
Clearstream is a central securities depository that also provides asset servicing and collateral management services. In October, it signed up to be a member of the Hong Kong Monetary
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