Process will let customers swap lower-rated collateral for higher-rated securities; critics worry process will obscure risk.
By Bradley Keoun, Bloomberg News|September 11, 2012 at 05:14 AM
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
JPMorgan Chase & Co. and Bank of America Corp. are helping clients find an extra $2.6 trillion to back derivatives trades amid signs that a shortage of quality collateral will erode efforts to safeguard the financial system.
As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters.
Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss.
Tailored just for you. In your inbox. Every day.