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EC official ‘positive’ on launching NBFI repo facility

Isda AGM: EU may follow UK with contingent liquidity facility for periods of market stress

A euro coin making a splash in a calm pool of water

The head of the European Commission’s unit for macroprudential policy, Emiliano Tornese, has signalled the body is open to the creation of a central bank facility similar to the UK’s that can allow non-banks to directly borrow cash against government bond collateral in a stress scenario.

European Central Bank and eurozone national central bank liquidity lines are currently only accessible by banks

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