In absence 2/6  BIS central bankers' speeches  of the repository, the lender may not trust its first right on the collateral and either charge a high cost on the loan or ask for more collateral than necessary to prevent being diluted by other lenders.
In particular, I have in mind the market risk module which is providing us with important insights during the current period of heightened interest and re-pricing risk. Nevertheless, existing regulatory toolkit and planned upgrades have to be complemented by continuous skills training for our supervisors for them to be really effective.