ECB tightens rules on securities to be swapped for loans:

01/22/2009 | Financial Times (free content)

The European Central Bank said starting 1 March, it will accept mortgage bonds and similar securities only if they have a triple-A rating. The move is part of the bank's tightened rules regarding acceptable collateral for loans. The ECB has been cracking down on perceived abuses of its bank-liquidity operations.

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