In the absence of an agreement on an increase in IMF quotas, the ECB would strongly welcome a substantial increase in the New Arrangements to Borrow as a second-best outcome towards ensuring that the Fund has adequate resources.
For both the public and private partners attending today, I won’t need to stress the great benefit that high-quality data will bring. Ever since the 2008 crisis, OTC derivative counterparties have been facing a rise in the burden, and consequently, cost of mandatory reporting. A trend that is the effect of bad quality data.