European System of Central Banks
Greek banks plummet as ECB restricts direct access to funds
By Nikos Chrysoloras and Elisa Martinuzzi
Greek banks plummeted in Athens trading Thursday after the European Central Bank restricted direct access to its funding lines, forcing the nation?s lenders to rely on emergency funds.
Tsipras talks with Draghi following ECB decision to reject Greek bons
Greek Prime Minister Alexis Tsipras was in contact with European Central Bank chief Mario Draghi late on Wednesday, after the ECB lifted a waiver on Greek government bonds Wednesday evening.
ECB Lifts Waiver on Greek Govt Debt as Collateral
The European Central Bank (ECB) announced that it would would no longer accept junk-rated Greek government bonds as collateral for regular central bank loans.
The ECB said in a Wednesday statement that it its Governing Council had decided to lift the waiver affecting marketable debt instruments issued or fully guaranteed by Greece.
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ECB fires warning shot by refusing to accept Greek gov't bonds as collateral
The European Central Bank turned up the pressure on the government on Wednesday by lifting a waiver on Greek government bonds, which means that they can no longer be used by local lenders as collateral to borrow from Frankfurt.
ECB funding to Greek banks rose 47 percent in January
European Central Bank funding to Greek banks rose 47 percent in January from a month earlier, Greek central bank data showed on Tuesday, as deposit flight squeezed liquidity and forced the country?s lenders to increase their borrowing from the ECB.
ECB lending to Greek banks against collateral rose to 82.24 billion euros in January from 56.04 billion euros in December.
Banking sector awaits progress with creditors
By Yiannis Papadoyiannis
The European Central Bank remains opposed to an increase in the exposure of domestic lenders to treasury bills, while its verdict tomorrow on the possible extension of the emergency liquidity assistance (ELA) mechanism for Greek banks is eagerly anticipated.
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Dimitar Kostov Nominated to Head Bulgaria's C-Bank Supervision Dept
Ivan Iskrov, Governor of the Bulgarian National Bank (BNB) has submitted to Parliament a proposal for the appointment of Dimitar Kostov as head of the Bank Supervision unit of BNB.
The proposal was tabled at around 4 pm on Thursday, according to the press office of BNB, as cited by Darik radio.
Kostov is currently member of the Managing Board of BNB and heads its Banking unit.
Converting Franc Loans Will Cost Croatia, Bank Says
As Croatia's government wrestles with the crisis facing borrowers with increasingly expensive loans in Swiss francs, the governor of the Croatian national bank, HNB, Boris Vujcic, has warned against trying to convert the loans into loans in the national currency.
ECB approves emergency funding line for Greek banks, banking source says
The European Central Bank has approved an emergency funding line for Greek banks to be provided via the country's central bank, a banking source told Reuters on Wednesday.
Last week, tightening liquidity ahead of a national election on Jan. 25 prompted the Bank of Greece to ask the ECB to approve a so-called emergency liquidity assistance (ELA) line for Greece's top banks.
ECB to decide on bond-buying plan for reviving eurozone economy
By Paul Carrel & John O'Donnell
The European Central Bank is poised to announce a plan on Thursday to buy government bonds, resorting to its last big policy tool for breathing life into the flagging eurozone economy and fending off deflation.