Australian execs voice concerns about collateral

08/15/2013 | (subscription required)

Executives said at an industry conference in Sydney that clearing brokers have proposed standard contracts that would allow for collateral to be replaced based on economic value, rather than the actual asset. Annette Mullen of Colonial First State Global Asset Management was among executives expressing concern about the idea. Asset managers could be violating client mandates by returning certain types of prohibited collateral, she said.

View Full Article in: (subscription required)

Published in Briefs: