ECB's Cœuré investigates collateral scarcity
Benoît Cœuré, a member of the executive board of the European Central Bank (ECB), on October 1 analysed the causes of collateral scarcity in the eurozone.
Speaking at a seminar on collateral and liquidity, held jointly by the ECB and the Netherlands Bank in Amsterdam, he said collateral scarcity has become a concern for many banks in the eurozone and there is an increased demand for high-security assets.
This could be a temporary shift if the scarcity of collateral is cyclical, as it could be
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