ECB official leaves door open to liquidity aid for non-banks
Risk Live: Deputy director doesn’t rule out copying UK plan to extend repo facility to pension funds and life insurers, but no imminent plans
A deputy director at the European Central Bank has said he’d “never say never” to opening up liquidity support to non-banks such as life insurers and pension funds following recent moves by the Bank of England (BoE).
“Never say never: we are attentive to that, but I would not see that as imminent,” said Thomas Vlassopoulos, deputy director general for market operations at the ECB, in response to a question about whether the central bank was considering allowing life insurers access to liquidity
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