ECB looks at radical lending plans

Radical plans to reboot Europe’s bank lending market are being studied by the European Central Bank, Lucas Papademos, vice-president of the European Central Bank revealed on the 15 December 2008 after warning that financial market tensions could wreak significant further economic damage.
Ideas for a 'clearing house' to boost the inter-bank lending market, which is at the heart of the financial system, were 'potentially applicable', said Mr Papademos.

ECB: Press Release, 15.12.08: Financial Stability Review December 2008: Risks and vulnerabilities in financial system persist http://www.ecb.int/press/pr/date/2008/html/pr081215.en.html

http://www.ecb.int/pub/fsr/html/index.en.html http://www.ecb.int/pub/fsr/html/index.en.html

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