Banks Ready to Use Low-Quality Collateral If It’s Cheap

Banks Ready to Use Low-Quality Collateral If It’s Cheap

Robert Almanas, managing director for international services, SIX Securities Services: “It is a frightening prospect that in today’s market, over a third of financial institutions are willing to accept collateral simply because it is cheap.”

Bloomberg: Banks Ready to Use Low-Quality Collateral If It’s Cheap
(only in English available)