We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Rating madness

7 November 2012 By Neil Unmack

Spain’s central bank has been criticised for allowing Spanish banks to borrow on loose terms. This was due to the flawed interpretation of complex collateral rules instead of a deliberate ploy to bend them. The uproar was ridiculous, but lessons can be learned.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)