ECB's Coeure says Basel III might force collateral rethink

10/1/2012 | Bloomberg Businessweek

Basel III and other banking rules could force the European Central Bank to alter its approach to collateral, said Benoit Coeure, a member of the ECB Executive Board. Had Basel III been in place at the end of 2011, EU banks would have been €1.17 trillion short of required assets to meet liquidity standards. Nevertheless, Europe has plenty of collateral overall, Coeure said.

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