Longworth, David - In: C.D. Howe Institute Backgrounder (2010) 135
in margin requirements and haircuts used in securities financing and derivative transactions, which seriously exacerbated … include rules to mitigate swings between loose terms for margins and haircuts in boom times, and tightened terms during busts …. Longworth emphasizes “through-the-cycle” haircuts and initial margins, the potential use of add-ons to haircuts and margins by …