BIS committee urges central banks to consider collateral policies ahead of time

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The Bank for International Settlements

The interactions of central bank operational frameworks and collateral markets are complex, and central banks would do well to understand these interdependencies when preparing crisis responses, according to a report by the Committee on the Global Financial System (CGFS).

The CGFS, one of the committees hosted by the Bank for International Settlements (BIS), formed a study group jointly with the Markets Committee in November 2013. Chaired by Bank of Canada deputy governor Timothy Lane, the group

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