Reuters: Regulatory News: ECB to discuss collateral changes in Sept - Draghi

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ECB to discuss collateral changes in Sept - Draghi Aug 2nd 2012, 13:09 FRANKFURT | Thu Aug 2, 2012 9:09am EDT FRANKFURT Aug 2 (Reuters) - The European Central Bank will discuss loosening its collateral rules further next month and could repeat previous measures like its injections of long-term, ultra-cheap loans, ECB President Mario Draghi said on Thursday. "There will be a discussion of the collateral framework which is foreseen for September," Draghi said, adding that the ECB also had the option to offer banks more long-term loans. The ECB funnelled 1 trillion euros into the banking system with twin three-year loan operations in December and February, but banks are still parking a large part of the funds back at the ECB rather than lending to each other, firms or consumers.

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