So maybe the Bank's Extended Collateral Term Repo (get used to it) will address that problem.
The one bank that was a bit more frank that access to liquidity is an issue insists that the Bank of England's new and unconventional scheme to provide cash - the Extended Collateral Term Repo - will rectify things.
BBC: Downgraded UK banks, bonuses and Bank of England support
The truth is that the plan gives new meaning to the term collateral damage, because shareholders of all incomes will share the pain.
National Century ran a scheme in which it attracted money from investors under the premise that it was loaning it to hospitals and other medical enterprises against the collateral of short-term receivables.
It would also make it harder to use its bonds as collateral when borrowing cash, short term, from the European Central Bank.
We need to think hard about whether we are prepared to relegate the long-term unemployed to the status of collateral damage in an economic catastrophe.
Indeed, by offering longer-term lending to banks and significantly easing the collateral requirements, he has signalled that the central bank is willing to do a lot more.
As a group, the pure-play investment banks have relied heavily on short-term funding, particularly repo transactions in which counterparties take collateral as security against the cash they lend.
Under this rule supervisors should require financial institutions to value assets using a long-term moving average when they are pledged (explicitly or implicitly) as collateral for new credit.
Many also expect the ECB to do more to ease the funding pressures on Europe's banks, offering longer-term funding for banks that need it, possibly in exchange for somewhat less collateral.
Instead of transcripts and term papers, you will have a documentation of student learning in the form of Lean Startup model collateral.
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