US banks bolster quality of short-term funding
Eight US G-Sibs increase share of total borrowings made up of well-collateralised repo
The largest US banks have turned to higher calibre funding in recent months, increasing the amount backed by top-quality collateral by $205 billion (22%) since the second quarter of 2017.
The average value of short-term wholesale funding (STWF) secured by Level 1 high-quality liquidity assets (HQLA), predominantly US Treasury securities, across the eight US global systemically important banks (G-Sibs) stood at £1.1 trillion at end-September, up from $935 billion at end-June 2017.
In contrast
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