Banks and pension funds are at odds on collateral

Banks are backing off on providing clearing for pension funds because of the potential that some collateral could get clawed back in case of a bankruptcy, leaving banks holding the bag. All parties involved are looking for clarity on the matter from the U.S. Labor Department, which has yet to make a definitive declaration.

View Full Article in:

Risk.net (subscription required) · Financial Times (tiered subscription model)

Published in Briefs: