pledged security [ pledge security ]

letter of hypothecation

asset encumbrance | earmarking of assets | encumbrance of assets | pledging of assets

negative pledge waiver | waiver of negative pledge

first mortgage sinking fund equipment note | first mortgage S.F. equipment note

waiver of negative pledge | negative pledge waiver

Able to pull to standing from sitting

32. Calls on the ECB to introduce as part of the Security Markets Programme a discount rate mechanism that can be adjusted if a given security is further downgraded by most credit rating agencies, with a view to ensuring that the ECB does not end up with too many risky assets; believes, further, that the ECB should consider the possibility of extending the policy of requiring at least two credit ratings before accepting a security as collateral from only ABS to all other types of collateral for which only one rating is currently required, and calls on the ECB to develop its own risk-assessment framework;

32. Calls on the ECB to introduce as part of the Security Markets Programme a discount rate mechanism that can be adjusted if a given security is further downgraded by most credit rating agencies, with a view to ensuring that the ECB does not end up with too many risky assets; believes, further, that the ECB should consider the possibility of extending the policy of requiring at least two credit ratings before accepting a security as collateral from only ABS to all other types of collateral for which only one rating is currently required, and calls on the ECB to develop its own risk-assessment framework;

15. Welcomes the work of Congress on introducing legislation to create a Federal Office of Insurance Information within the US Treasury; believes that alongside the US Treasury 'Blue Print' this is an important step in the direction of mutual recognition of regulatory approaches to financial services across the Atlantic; recognises that much has still to be agreed and that reinsurance collateral is still a key issue to be resolved; believes that Solvency II will be significantly enhanced by closer parliamentary cooperation;

17. Welcomes the work of Congress on introducing legislation to create a Federal Office of Insurance Information within the USA Treasury; Believes that alongside the USA Treasury "Blue Print" this is an important step in the direction of mutual recognition of regulatory approaches to financial services across the Atlantic; Recognises that much has still to be agreed and that Reinsurance collateral is still a key issue to be resolved; Further, believes that Solvency II will be significantly enhanced by closer Parliamentary cooperation;