Euro zone banks' liquidity levels way above requirements - Lagarde

Kitco Media
By Reuters
Published:
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Reuters
FRANKFURT, March 20 (Reuters) - Euro zone banks have capital and liquidity far in excess of requirements, and the European Central Bank is ready to step in with its own instruments to add liquidity if that becomes necessary, ECB President Christine Lagarde said on Monday. "We are very confident that the capital and liquidity positions of the euro area banks are very satisfactory, with significant capital ratio and liquidity coverage ratio way in excess of requirements," Lagarde told the European Parliament. "We believe that the euro area banking sector is resilient with strong capital and liquidity positions ... and we stand ready with our policy toolkit to provide liquidity support to the euro area financial system."


(Reporting by Balazs Koranyi; Editing by Kevin Liffey)

Reuters Messaging: balazs.koranyi.thomsonreuters.com@reuters.net))
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