ECB needs liquidity powers for bank resolution – Spanish governor

Bank of Spain governor Pablo Hernández de Cos

Photo: Banco de España

- Central Banking Newsdesk
- 05 Jul 2019

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The European Central Bank should be given powers to provide emergency funds to failing banks, Bank of Spain governor Pablo Hernández de Cos said today (July5).

In a speech in Madrid, de Cos said the ECB should be able to supply adequate liquidity to stressed banks while the Single Resolution Board works out their resolution.

“In view of how other advanced countries have solved this problem, the solution, in my opinion, could involve the central bank as a provider of funds,” said de Cos.

The

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