ECB’s Coeure says “over time we would expect that our new cash collateral facility will help reduce tensions”

Executive Board member of the ECB speaking at an event in Paris 3 April
– at the same time, it is no panacea.
– our securities lending facilities are generally only available to banks. That means that non-bank investors that also have a strong demand for short-term German government bonds are not able to borrow these bonds directly from the Eurosystem