the two main compromises: the tradeoffs between maturity and collateral, and between seniority and control. The framework …

. Two key issues arise with regard to the use of collateral in the context of loan classification and provisioning. In … particular, the questions arise whether collateral should be taken into account in classifying a collateralized loan, and whether … it should be considered in calculating provisions. This paper surveys country practices in the role of collateral in loan …

. Instead it shows, first, that the use of ill-suited collateral in the secured funding operations of U.S.-based investment …

letters of credit, which during the capital controls period had to be backed by firms' own cash collateral rather than the …

. Instead it shows, first, that the use of ill-suited collateral in the secured funding operations of U.S.-based investment …

Central bank collateral policies came under pressure with the 2007-08 financial market crisis. This paper addresses the … rationale for and constraints in taking collateral, and recent practices in different collateral frameworks. It then considers … the risks of adverse selection. The paper concludes that (i) the collateral framework needs to include market incentives …

-M2 types of money and serve as source collateral ?mines' for the shadow banking system. Banks receive funding through the … re-use of pledged collateral ?mined' from asset managers. Accounting for this, the size of the shadow banking system in … terms of policy, regulators will need to consider the re-use of pledged collateral when defining bank leverage ratios. Also …