by Summary:
They probably can point to the paper notes as Tier1/Tier1-Quality assets in order to comply with regulations... and avoid the negative rate payable on Reserve Assets instead... just have to pay for safe storage of the notes...German banks are stuffing vaults with money to help offset the mounting cost of negative interest rates, and some of them are running out of space https://t.co/wyJHoVdV95— Bloomberg Markets (@markets) January 31, 2020
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They probably can point to the paper notes as Tier1/Tier1-Quality assets in order to comply with regulations... and avoid the negative rate payable on Reserve Assets instead... just have to pay for safe storage of the notes...German banks are stuffing vaults with money to help offset the mounting cost of negative interest rates, and some of them are running out of space https://t.co/wyJHoVdV95— Bloomberg Markets (@markets) January 31, 2020
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Mike Norman considers the following as important:
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They probably can point to the paper notes as Tier1/Tier1-Quality assets in order to comply with regulations... and avoid the negative rate payable on Reserve Assets instead... just have to pay for safe storage of the notes...
German banks are stuffing vaults with money to help offset the mounting cost of negative interest rates, and some of them are running out of space https://t.co/wyJHoVdV95
— Bloomberg Markets (@markets) January 31, 2020