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Counterparty Credit Risk and the Growing Complexity of Collateralized Businesses
The last decade has seen a dramatic increase in the breadth and depth of collateralized businesses. Firstly, regulatory requirements now necessitate that large banks hold more High-Quality Liquid Assets (HQLA) in order to manage broader liquidity needs and mitigate counterparty credit risk. Additionally, previously uncollateralized products and industries require collateral such as OTC clearing, certain […]