Eurozone crisis prompts Euro1 payment service to cut credit floors
Interbank payment service will reduce minimum credit line to €2 million
Eurozone interbank payment service Euro1 is to cut its minimum credit floor from €5 million to €2 million in response to the continuing eurozone sovereign debt crisis, Euro1 director Alan Taylor says.
Speaking to Operational Risk & Regulation, Taylor says: "We are reducing the forced limit that you have to give to everyone. Given what's happening around Europe some banks are from countries that are really struggling; everywhere else they are cutting their limits, so they shouldn't have to keep
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on Central banks
Adopt FX code or face regulation, warn central bankers
Global code of conduct must be adopted, Schiavi and Debelle insist
Malaysia central bank: credit reporting could unite Asean markets
Asean Economic Community faces challenges, says deputy governor Muhammad bin Ibrahim
BoE's Carney: liquidity support for CCPs is a 'last-resort option'
BoE governor insists clearing houses must have enough liquidity to cope with default of two big member firms
BoE deputy governor Paul Tucker quits after 33 years
Deputy governor is bound for academia in the US after helping with transition to new Carney regime
Local regulators push for consistent standards across Asean region – Thai SEC interview
Underpinning the integration of regional capital markets is a major concern for Vorapol Socatiyanurak, secretary general of Thailand's Securities and Exchange Commission
New governor signs revised policy target agreement in New Zealand
The Reserve Bank of New Zealand’s policy targets agreement will come into effect on the same day Graeme Wheeler takes over as governor; document includes "stronger focus" on financial stability
Central banks turn to RMB assets
The international brigade
Central banks launch joint investigation into Libor scandal
Economic Consultative Committee announces examination of reference rates used in financial markets
