Update: ECB clamps down on liquidity abuse
Rachel Evans |
NEWS ANALYSIS - September 05, 2008
As IFLR reported earlier this week, the European Central Bank's liquidity scheme has become a dumping ground for unsellable assets. The ECB has unveiled major reforms to its system, but insists the scheme has worked well.
Yesterday, the ECB announced that it would make it less advantageous to access central bank funding by imposing...
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