Financial industry focuses on collateral as Basel III nears

The trading and clearing industry has been making changes and adopting models for managing collateral with Basel III rules pending. Uncertainty is the driving factor as "we have seen a range of forecasts on the potential collateral shortfall from a number of institutions ... who are in the best position to know," says Saheed Awan of Euroclear. "All these forecasts vary so widely that it begs the question: Does anybody really know?"

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