ECB's Constâncio: grant CCPs access to central bank liquidity


Central counterparties for derivatives trades should have access to central bank liquidity, Vítor Constâncio, the vice president of the European Central Bank, has said.

Constâncio said in a panel discussion in Washington on Saturday: "We are in favour of central counterparties having access to liquidity because we understand it would be important. However, there would be conditions. We would like central counterparties to have a type of bankers' licence and they would therefore have to be

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