UK markets open in 5 hours 39 minutes
  • NIKKEI 225

    26,346.90
    -664.43 (-2.46%)
     
  • HANG SENG

    23,852.71
    -437.19 (-1.80%)
     
  • CRUDE OIL

    86.82
    -0.53 (-0.61%)
     
  • GOLD FUTURES

    1,813.10
    -16.60 (-0.91%)
     
  • DOW

    34,168.09
    -129.61 (-0.38%)
     
  • BTC-GBP

    26,757.83
    -875.77 (-3.17%)
     
  • CMC Crypto 200

    818.84
    -36.97 (-4.32%)
     
  • ^IXIC

    13,542.12
    +2.82 (+0.02%)
     
  • ^FTAS

    4,192.70
    +53.23 (+1.29%)
     

ECB reinstates liquidity requirement after pandemic suspension

FILE PHOTO: EU flags fly in front of European Central Bank headquarters in Frankfurt

FRANKFURT (Reuters) - The European Central Bank said on Friday it once again expected banks to own liquid assets covering at least the cash they would lose in the first month of a crisis, reinstating a requirement that was suspended at the onset of the pandemic.

"As the specific relief measure granted at the outset of the pandemic has not been extended, the ECB expects all banks to maintain a liquidity coverage ratio of above 100% as of 1 January 2022," the ECB said in a statement.

(Reporting By Francesco Canepa)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting