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ECB aims for simpler collateral rules post crisis: Minutes 

September 27, 2013
The Economic Times

The European Central Bank aims to simplify the rules it applies to securities banks post at the central bank for funding once the crisis is over, minutes of an ECB expert group meeting showed central bank head Mario Draghi as telling the gathering.

The ECB has loosened its collateral framework over the course of the crisis to give banks better access to its funding operations, with some national central banks accepting riskier assets than others.

Draghi told the Sept. 3 meeting of the ECB's money market contact group (MMCG) - a mix of around 20 top traders and a handful of top ECB experts - that some of the collateral measures inevitably increased the complexity of the overall framework, the meeting's minutes said.

Read more: Economic Times

 
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