This policy requires that the banks hold sufficient eligible liquid assets to meet one-week and one-month liquidity mismatch ratio requirements. In addition, the banks must meet a Core Funding Ratio requirement of at least 65 percent. Core funding consists of customer deposits (weighted by size) and market funding of one year or greater to maturity.
I am confident that France will again play a key role in that process. In my introductory remarks today, I would like to focus on three topics: the ECB’s monetary policy, growth and adjustment in the euro area, and the progress towards building a deeper economic and monetary union.