Constâncio calls for euro-wide database of repo trades


European Central Bank (ECB) vice-president Vítor Constâncio has called for the creation of a database of euro repurchase agreements (repos) to help supervisors monitor the shadow banking sector.

Constâncio called for a European Union-wide approach to be taken to regulating shadow banking, saying this would help to prevent "regulatory arbitrage". "It is important, and indeed crucial in Europe, to ensure consistency of policy initiatives across countries," he said. Constâncio was speaking at the

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