ECB conditions undermine English loans

Author: | Published: 1 Dec 2008

The European Central Bank's decision to stop accepting syndicated loans as collateral is unsurprising, given the stringent requirements that the loans had to fulfil to be approved.

The ECB's U-turn comes just nine days after the conditions for loans to be accepted were formalised. The move was part of the planned expansion of accepted assets that the ECB announced last month.

According to an ECB press release, the decision was made on November 21,...