i am referring in particular to need the basel committee and commission to clarify treatment of financial cross holding agreements the of defining the criteria for high quality liqi
I am referring, in particular, to: the need for the Basel Committee and the Commission to clarify the treatment of reciprocal financial cross-holding agreements; the importance of defining the criteria for high quality liquid assets taking into account the definition of European Central Bank eligible assets for monetary policy operations (repo facility); and the inclusion of all euro area sovereign debt as high quality liquid assets, regardless of its specific rating, thus reducing the disproportional impact of rating agency actions.
I am referring, in particular, to: need the Basel Committee and Commission to clarify treatment of financial cross-holding agreements; the of defining the criteria for high quality liquid assets taking into account the definition of European Bank eligible for monetary policy operations (repo facility); and the inclusion of all euro sovereign as high liquid assets, regardless of its reducing impact of rating agency actions.