Frankfurt taps NCBs for €5 billion


The European Central Bank (ECB) is set to almost double its capital buffer from €5.76 billion ($4.88 billion) to €10.76 billion in order to protect itself against more volatile financial markets.

The €5 billion increase in capital, which the EU central banks will provide, was "deemed appropriate in view of increased volatility in foreign-exchange reserves, interest rates and gold prices as well as credit risk," the ECB said on Thursday. The central bank has a broader list of eligible collateral

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: