ECB's Cœuré backs committed liquidity facility

benoit-coeure

Benoît Cœuré today warned central banks may have to adjust their operational frameworks in response to the new liquidity rules laid down in the Basel III accord, and suggested a committed liquidity facility could help reconcile the two.

Cœuré, a member of the European Central Bank (ECB) executive board, outlined a range of ways in which new liquidity regulations will affect how monetary policy is implemented in the eurozone.

He focused on the liquidity coverage ratio (LCR) – designed to ensure b

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