National Bank of Denmark narrows range of collateral it accepts
Financial market ‘normalisation' provides ‘opportunity' to omit assets made eligible after crisis
The National Bank of Denmark (NBD) said yesterday it will limit the asset classes that counterparties can put up as collateral following a "normalisation" of financial market conditions in the Scandinavian country.
The adjustment comes as the European Central Bank (ECB) takes unprecedented steps to jolt bank lending in the eurozone, including an asset-backed securities (ABS) purchase programme that launches in the fourth quarter of the year.
The NBD said it will omit ‘junior covered bonds' and
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