Reported 2 days ago
The European Central Bank (ECB) is analyzing the dollar exposure of euro zone banks, but is assured that the U.S. Federal Reserve will continue to provide liquidity during periods of stress, according to ECB Vice-President Luis de Guindos. Despite concerns over the Fed's independence amid recent political pressure, de Guindos emphasized the importance of existing swap lines between the Fed and major central banks for global financial stability. He stated that banks are currently not showing signs of distress in dollar funding despite some market volatility.
Source: YAHOO