The global financial crisis has propelled several trends in wholesale financial markets that are causing an increase in the demand for high-quality collateral. On the money market more transactions are now secured instead of unsecured and in OTC derivatives markets CCP clearing for standardized...

International liquidity and collateral management poses a challenge to banks as it needs to adapt to ever-changing circumstances. These circumstances are now in a state of flux because of the financial crisis. Financial market behaviour has changed, the importance of high-quality collateral has...

Although - partly as a result of the financial crisis - central banks are increasingly inclined to accept foreign collateral, it is hard to find analyses dealing explicitly with the consequences of such collateral for a country's central bank and supervisor. The scientific literature on this...