ECB's Cœuré backs committed liquidity facility
Benoît Cœuré today warned central banks may have to adjust their operational frameworks in response to the new liquidity rules laid down in the Basel III accord, and suggested a committed liquidity facility could help reconcile the two.
Cœuré, a member of the European Central Bank (ECB) executive board, outlined a range of ways in which new liquidity regulations will affect how monetary policy is implemented in the eurozone.
He focused on the liquidity coverage ratio (LCR) – designed to ensure
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