ESMA discusses haircuts in EU securities financing transactions
The European Securities and Markets Authority (ESMA) issued a research piece on shadow banking published in its recent report on trends, risks and vulnerabilities (TRV). The piece provides a stock-take of the multi-trillion€-large market for securities financing transactions (SFTs) in the European Union and firms’ use of collateral haircuts. ESMA’s research aims at understanding the …
ESMA discusses haircuts in EU securities financing transactions Read More »
