ECB’s González-Páramo highlights flaws in collateral framework
European Central Bank executive board member José Manuel González-Páramo acknowledges risks in central bank’s willingness to accept broad range of collateral
An executive board member of the European Central Bank (ECB) has acknowledged that the institutions collateral framework, a relic of the policies of the central bank's founding members, presents risks.
"A broad collateral framework, such as that adopted by the eurosystem, has considerable merits in crisis times. But, at the same time, it poses significant challenges going forward," José Manuel
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