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VIEW: Commerzbank Stick With No Quick Fix Call Re: MRR

ECB

Commerzbank write “with regard to banks' minimum reserve requirements (MRR), the news flow over the holiday period adds weight to our view that there is unlikely to be a quick fix, and probably no major increase in the longer term.”

  • “In a speech ECB’s Schnabel said that the MRR "is not an effective way of compensating the remuneration of excess liquidity," highlighting the distortions that would result from higher reserve requirements.”
  • “Also, the EBA published an analysis just before Christmas calculating that a hypothetical increase in the MRR to 4%, combined with the remaining TLTRO repayments, would reduce the LCR of large banks by 22 percentage points from the 152% reported at the end of June 2023.”
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageEuropean Central Bank (ECB) Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageEuropean Central Bank (ECB) Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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