- ECB's Executive Board member Mersch: PEPP flexibility should not undermine the safeguards and limits set by ECB
Market news
2 November 2020
ECB's Executive Board member Mersch: PEPP flexibility should not undermine the safeguards and limits set by ECB
- Flexibility embedded in the PEPP cannot be unconstrained
- PEPP purchases are separate from and cannot be consolidated with APP purchases
- We may also decide to discontinue some of the exceptional supervisory measures
- Unless we conclude that the banks’ capital projections remain clouded by exceptionally high uncertainty, we should revert to assessing the planned distribution of dividends on bank-by-bank basis
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