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Industry boosters say any risk is mitigated by stringent collateral requirements: borrowers have to leave ample cash (or other assets) with the lenders of the stock.
And the more stringent collateral requirements will make the business more capital-intensive.OTC derivatives are only the most striking example of the regulators' determination to rein in banks' trading businesses.
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The leaders also endorsed — in principle — yet more stringent rules for banks that are so large or so interconnected they could wreak massive collateral damage if they get into trouble.
As a nation, have we made a decision to accept collateral deaths when it comes to choosing between access to firearms and enacting more stringent gun legislation?
Collateral power, collateral damage.
Rationing must be stringent.
"I'm collateral damage".
Call it collateral damage.
No collateral, said JPMorgan.
Banks must provide collateral.
Some states are more stringent.
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