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Collateral and Financial Plumbing
2nd impression
Discipline: Operational Risk
First published:
ISBN: 9781782723172
Collateral management in monetising assets has never been more important, policy makers recognising this fact have started to pay increased attention to the complex collateral plumbing that is fundamental to monetary policy, lending and enabling growth in the economy.
Now with two additional chapters covering the breakdown of financial plumbing and monetary policy transmission, this updated impression provides the insight and wisdom delivered in the first impression of this book along with the latest techniques and know-how needed when monetising assets.
Contents
Collateral in Financial Plumbing
Collateral Velocity
The Economics of Shadow Banking
Collateral and Monetary Policy
Money, Collateral and Safe Assets
Collateral and the OTC Derivatives Market
The Changing Collateral Space
The Collateral Infrastructures
The Sovereign–Bank Nexus via OTC Derivatives
When Financial Plumbing Breaks Down: An Example from Central Counterparties
Transmission of Monetary Policy Feds Lift-off and Collateral Reuse
Conclusion