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 lending and enabling growth in the economy.
Use this book to make sure your collateral management is at its most effective. Discover the importance of financial plumbing, gain a practical understanding of how financial collateral moves across jurisdictions and also how to navigate the future as rules and regulations for the global financial markets are redrawn.
"...This book weaves a rich and unique tapestry of a complex subject in an accessible manner."
Patrick Pearson, Acting Director of Financial Markets, European Commission
Collateral is one of the building blocks on which the financial markets are constructed. Used for a number of purposes - including trading with central counterparties (CCPs), secured funding with market counterparties and central banks, OTC derivatives margining and settlement - the role of effective collateral management in monetising assets has never been more important.
Until now, policy makers have tended to ignore the complex collateral plumbing that is fundamental to lending and enabling growth in the economy. Attention is now focussed on this important issue.
This book, the first of its kind, is written by the leading authority on collateral Manmohan Singh. He leads you through the complex world highlighting the importance of financial plumbing and provides a practical understanding of how financial collateral moves across jurisdictions. Also, the discussion on restricting collateral velocity and how it links to monetary policy rate cycle is original.
This is a must have guide to navigating the future as rules and regulations for the global financial markets are redrawn.
Through a thorough examination of the role collateral plays in the market you will gain a deeper understanding of complex and important themes that are likely to remain topical in the near future.