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ECB reinstates liquidity requirement after pandemic suspension

by Enochadmin

European Union (EU) flags fly in entrance of the European Central Financial institution (ECB) headquarters in Frankfurt, Germany, December 3, 2015. REUTERS/Ralph Orlowski

FRANKFURT, Dec 17 (Reuters) – The European Central Financial institution mentioned on Friday it as soon as once more anticipated banks to personal liquid property masking no less than the money they might lose within the first month of a disaster, reinstating a requirement that was suspended on the onset of the pandemic.

“As the particular reduction measure granted on the outset of the pandemic has not been prolonged, the ECB expects all banks to take care of a liquidity protection ratio of above 100% as of 1 January 2022,” the ECB mentioned in a press release.

Reporting By Francesco Canepa

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