Search ForexCrunch

In a scheduled speech on Friday, the European Central Bank (ECB) Vice President Luis de Guindos said that Europe’s processes for banking resolution need mechanisms to ensure a troubled lender has sufficient liquidity.

De Guindos said: “Though the ECB welcomes any progress in ongoing technical debates held so far, the current proposals regarding liquidity are far from complete.”  

He did not touch upon the topic of central bank’s monetary policy.