Eurozone ‘funding for lending scheme' gains favour

eurozone77

The Bank of England's (BoE) Funding for Lending Scheme (FLS) could be replicated in the eurozone, according to a research note published by Dutch bank ABN Amro, which points to growing evidence of the efficacy of the scheme.

Under the FLS, the BoE receives Treasury bills from the UK's Debt Management Office, which it passes on to participating banks. In return for the bills, these banks provide collateral, and also pay a fee of 25 basis points if they maintain or increase net lending, but up to

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