Banks relying on back-leveraged SRT trades in the UK now face increased regulatory scrutiny. The PRA's "Dear CFO" letter warns that not all repo financings collateralised by SRT tranches meet the trading book’s liquidity...more
The global financial crisis exposed critical vulnerabilities in the banking sector, prompting swift action from the Basel Committee for Banking Supervision (the "Basel Committee"). In November 2010, they unveiled the original...more