7/23/2013

Swiss exchange and clearinghouse operator SIX Group polled 60 market participants and found that a third would accept "low-quality, complex and opaque" collateral as long as it is "cheap." "When our competition begins to compete on the quality of collateral they are prepared to take, the 'race to the bottom' becomes a very real outcome," said Robert Almanas of SIX Securities Services.

Full Story:
Bloomberg

Related Summaries