•  Second, in addition to a revised treatment of the trading book and securitisations, capital requirements for counterparty credit risk exposures arising from derivatives, repos and securities financing activities will be introduced, as well as parallel incentives for the central clearing of over-the-counter derivatives.
Yves Mersch: Reflections on monetary policy in the euro area Speaking points by Mr Yves Mersch, Member of the Executive Board of the European Central Bank, at the Eurofi conference, Sofia, 27 April 2018. * * * While the recent flow of data points towards some moderation in the on-going economic expansion, growth is still expected to remain solid and broad based.