Norges Bank reverses emergency collateral rules

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Norges Bank on Thursday dropped loosened collateral guidelines that came into effect at the height of the financial crisis, and proposed changes to the types of securities that will be accepted against loans.

The central bank will from Thursday enforce the requirement for a BBB- or above Standard & Poor's rating, or a Baa3 or above Moody's rating on securities used as collateral against loans. It also reinstated the requirement for securities registered in the Norwegian Central Securities Deposi

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