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Collateral damage

26-Aug-2008
Story Timeline:  98 days

The European Central Bank faces an acute dilemma: on the one hand it needs to ensure that banks have access to adequate liquidity, but on the other it needs to prevent banks profiting unduly from central bank funding. Recent signs of banks undermining the ECB’s generous rules on collateral are worrying, and the ECB should address them promptly. What it cannot afford to do is cause a new storm in the markets.... [read full story]                    

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Latest article on this story:

ECB and US Fed want to ease cash access in times of crisis: report

yahoo.com 28-Aug-2008
First article on this story:

ECB's Mersch says bank to alter collateral rules: report

marketwatch.com 25-Aug-2008
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