Societe Generale rejigs liquidity buffer towards sovereign bonds
Central bank cash at smallest share since before pandemic
Societe Generale’s liquidity buffer tipped towards securities and away from central bank cash in the first quarter, with the latter making up the smallest share since 2019.
Loans and deposits at central banks dropped €24 billion to €166 billion ($188 billion) in Q1, while high-quality liquid asset (HQLA) securities climbed €22 billion to €104 billion. The former was the lowest in absolute terms
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