Collateral
Trichet: joint action sets precedent
Monday's decision to provide broad access to liquidity and unlimited dollar funding marked a "world premiere" in exceptionally-confident cooperation between central banks, Jean-Claude Trichet, the president of the European Central Bank (ECB), has noted.
Old Lady bows to markets, expands collateral pool
The paralysis in money markets has forced the Bank of England to accept poorer quality collateral, underlining the extent to which interbank conditions have worsened in recent weeks.
Central banks pledge 7-day funds as plan stalls
Central banks in major financial markets have offered week-long loans in a bid to abate money-market tensions that have further heightened as talks on the US Treasury's plan to buy troubled assets have stalled.
Issues for central banks' collateral frameworks
Research from the International Monetary Fund highlights four issues for central banks' collateral frameworks.
Banks favour Frankfurt for dollar auctions
Results of the European Central Bank's (ECB) and Bank of England's dollar auctions indicate the Frankfurt-based institution's operations are attracting more bids because of its more lenient collateral rules.
A mix of the old and new for central banks
While leading central banks around the world on Monday took similar steps to those seen in recent months to inject liquidity into fear-ridden money markets, the American authorities' response to the latest shocks signals a distinct shift in policy.
Banks step in with superfund
Ten of the world's biggest banks have joined forces to create a $70 billion liquidity fund intended to mitigate the impact of the latest round of financial turmoil.
ECB tweaks collateral requirements
The European Central Bank (ECB) on Thursday acted on fears banks were taking advantage of its collateral rules by applying a haircut of 12% to asset-backed securities.
Georgia acts on liquidity shift
The National Bank of Georgia has altered the way in which it pumps funds into the banking system on the back of changes in liquidity conditions.
ECB to revisit collateral rules - Mersch
The European Central Bank (ECB) will change the rules regarding its money-market operations soon amid fears that financial institutions are taking advantage of the wide range of collateral it accepts to obtain funding.
UK lender seeks ECB funding with Irish start up
One of the biggest mortgage lenders in the United Kingdom wants to set up an Irish operation in part to access European Central Bank (ECB) funds.
Local lenders apply tougher credit standards
Collateral requirements are more stringent for business loans granted by local lenders than those granted to firms further away, a paper published by the Bank of Spain finds.
Asset shortages lead to bubbles
High asset-price volatility may be a natural consequence of asset shortages, finds a new paper from the Bank of Spain.
Fed's Warsh: we would take covered bonds
Highly rated, high-quality covered bonds would generally fall within the range of collateral acceptable at the Federal Reserve's discount window, said Kevin Warsh, a governor at the Federal Reserve Board.
Canadian banks want action on collateral reform
Canada's biggest banks have urged Jim Flaherty, the country's finance minister, to quickly grant the central bank greater powers to set collateral requirements, local media reports have said.
Give Canadian CB more say on collateral: Carney
Mark Carney, the governor of the Bank of Canada, urged lawmakers to allow the central bank to broaden its list of eligible collateral to alleviate money-market tensions.
Relaxing collateral standards presents risks
By accepting poorer collateral central banks can reduce banks' incentives to hold sufficient amounts of higher-quality assets, said Stefan Ingves, the governor of the Sveriges Riksbank.
Old Lady could relax collateral rules
The Bank of England may swap mortgage-backed securities for government bonds to ease tensions in sterling money markets.
Canada extends collateral list to aid market
In a move to shore up liquidity, the Bank of Canada said Wednesday that it will expand the list of collateral eligible for use in special purchase and resale agreements.
ECB launches consultation on TARGET2
Following its announcement on 8 March, the Governing Council of the European Central Bank decided on Thursday 26 April to launch a public consultation on the general principles and the set of high-level proposals defining the nature and scope of TARGET2…
Thai central bank eases collateral rules
THAILAND - Central Bank rules had been eased to allow financial institutions to use internal appraisal for collateral of small-sized debtors, rather than external independent appraisal firms, Bank of Thailand assistant governor Thirachai…
ECB- Cross border use of collateral: users survey
The European Central Bank (ECB) on Feb 19 published a report presenting the results of a survey on the cross-border use of collateral.
Hanoi eases rules on using land as collateral
Vietnam has relaxed rules governing the use of land rights as collateral to borrow from commercial banks, a move aimed at stimulating investment, a central bank official said on Tuesday.