ECB amends collateral terms for bank loans

To unwind emergency measures taken to battle the financial crisis, the European Central Bank tightened its terms for collateral it accepts for loans to euro-zone banks. The ECB said it is aiming to restore the "proper functioning" of financial markets. The central bank "will require at least two ratings from an accepted external credit-assessment institution for all" asset-backed securities issued starting March.

View Full Article in:

Bloomberg · Financial Times (tiered subscription model) · Wall Street Journal, The

Published in Brief: