BoE’s Haldane considers policy to stem pro-cyclicality of haircuts


Minimum collateral regulatory requirements should be among the policy tools up for consideration by the Bank of England's Financial Policy Committee as it builds its macroprudential tool-kit, Andy Haldane, the executive director of financial stability at the Bank of England, said on Monday.

Haldane said haircuts on collateral played an important role in the financial crisis, as they applied to secured financing transactions, amplifying the credit cycle. "Thin haircuts made it cheaper for banks

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: