ECB expresses concerns about Basel III consequences

04/12/2013 | Reuters

The European Central Bank says Basel III capital and liquidity rules for banks could result in lender dependence on ECB liquidity facilities. "If liquidity regulation is implemented in a way that strongly favours recourse to the central bank, the dependency of the banking system may increase," according to the ECB. "In the worst case, the central bank could then indeed be considered a lender of first resort."

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