News Headline Summary

ECB's Makuch says Cypriot banks have collateral to qualify for ELA loans

Says:
- No immediate concerns about ELA aid for Cyprus.

Update details:

- The comments on Cypriot banks' access to the ELA follow similar concerns for Greece, wherein the ECB are said to have decided that Greek banks' ABS holdings are of enough value to fill the collateral gap from their T-bills.

Print 14:04, 14 Nov 2012 - ECB - Source: Newswires