easy · Frm Part 2 Liquidity & Treasury Risk

Which of the following describes the relationship between asset volatility and repo haircuts in a risk-sensitive framework?

  1. Haircuts are fixed by regulatory decree and do not change with market volatility.
  2. Haircuts typically widen as collateral volatility increases to provide a larger safety buffer.
  3. Haircuts only increase if the credit rating of the borrower is downgraded.
  4. Haircuts decrease as volatility increases to encourage market liquidity.

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