Central counterparties for derivatives trades should have access to central bank liquidity, Vítor Constâncio, the vice president of the European Central Bank, has said.
Constâncio said in a panel discussion in Washington on Saturday: "We are in favour of central counterparties having access to liquidity because we understand it would be important. However, there would be conditions. We would like central counterparties to have a type of bankers' licence and they would therefore have to be regul
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