An executive board member of the European Central Bank (ECB) has acknowledged that the institution's collateral framework, a relic of the policies of the central bank's founding members, presents risks.
"A broad collateral framework, such as that adopted by the eurosystem, has considerable merits in crisis times. But, at the same time, it poses significant challenges going forward," José Manuel González-Páramo on Friday said.
The ECB accepts a far broader range of collateral than the likes of th
- Central banks may be thinking wrongly about inflation – Borio
- European Commission announces supervisory agency reforms
- Bank of Russia will be able to handle fallout from failing banks, analysts say
- Riksbank outlines three visions of ‘e-krona’
- All central banks may have to consider crypto-currencies – BIS