Draghi Said to Ask ECB Panel to Weigh Liquidity Options

Mario Draghi has asked a European Central Bank panel to study options for new bank funding measures, as policy makers try to figure out how to deal with any future liquidity shortages, two euro-region central bank officials said.

While the ECB president insisted that the institution “stands ready to act according to need,” the governing council agreed that a technical committee should examine the size and maturity of new long-term refinancing operations, as well as other instruments, the officials said yesterday, speaking on condition of anonymity because the matter is confidential. The panel has no set date for a verdict, one official said.