ECB sets stage to tackle ‘addicted banks’

Euro sign, Frankfurt

The European Central Bank (ECB) on Saturday adopted amended rules that clarify the harder line it will take on collateral pledged against its liquidity facilities, and the so-called "addicted banks" which rely on its funding.

Under the new rules, the central bank will be able to suspend, exclude or limit counterparties, where previously it was only able to do the first two. This would put the ECB on solid footing if it were to decide to cut-off a handful of European banks that have grown reliant

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.