ECB #2 on the wires
Constancio is talking about regulation but this is an interesting headline:
– Instruments in the macroprudential toolkit should contain borrower-side tools to influence the demand for credit.
That’s a fairly big statement in that side of banking. Regulators usually aim to tighten lending standards and push out borrowers that way but they’re saying that authorities should focus on more efforts on tools that would curb loan demand.
