Sentence examples for collateral policy from inspiring English sources
Defenders of the bank argue that its liberal collateral policy amounts to a form of quantitative easing, because it allows institutions to convert devalued paper into cash that can be lent to customers.
The ECB could insist that collateral is backed by income streams in euros, which would curb banks from using its funds to finance loans made outside the euro area.Yves Mersch, head of Luxembourg's central bank and a member of the ECB's governing council, said at the weekend that any adjustments to the bank's collateral policy would amount to fine-tuning.
ECB President, Jean-Claude Trichet reversed his position; he began the year by saying the ECB would not change its "collateral policy for the sake of any particular country". Well, he's smart enough to know that Greece is being undercut, bet against, manipulated - smart enough to know when reversal of his initial position is mandatory.
Trichet's statements marked a reversal for the ECB, which said in January that it wouldn't soften its collateral policy for the sake of a single country.
"The major central banks should put in place a standing network of currency swaps, collateral policies and account arrangements that would make it easier to mobilize liquidity across borders quickly in crisis," he said.
It also notes that plan fiduciaries may not sacrifice investment return or take on additional investment risk to promote collateral social policy goals.
The risk is that the collateral damage of policy experimentation overwhelms the benefits.
That means more clarity over their collateral and margining policies.
That would mean bigger losses for the Pensions Protection Fund, a corporate-funded pot which underwrites the sector.The wounds to pension funds may simply be collateral damage from policies designed to revive the entire economy.
Fewer boats have arrived since the Coalition took office, which means that children in detention are, in a way, just collateral damage from policies that have achieved the government's desired end.
Among other things, clearing improves transparency, makes it harder for counterparties to avoid stumping up the right amount of collateral and provides an insurance policy against losses to the non-defaulting party to a trade.
