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Mario Draghi: "Challenge is to make collateral framework simpler and more transparent"

FXStreet (London) - European Central Bank president Mario Draghi is currently addressing the European Parliament's Economic and Monetary Affairs Committee:

- “So far, the Eurosystem has never had to recognise a loss stemming from the Eurosystem credit operations

- “Restricting banks' access to liquidity would increase the risk for the central bank’s balance sheet rather than protecting it

- “But relaxing eligibility criteria always coupled with a stricter counterparty framework and more stringent risk control measures

- “Challenge is to make collateral framework simpler and more transparent without impacting ability to access refinancing operations

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