ECB Needs More Macroprudential Tools, Constancio Says
Nov. 27 (Bloomberg) -- An “abrupt reversal” of the global search for yield poses the main risk to the financial system, the European Central Bank said in its Financial Stability Report.
The ECB needs more macroprudential instruments, according to Vice President Vitor Constancio. He talks with Bloomberg's Jeff Black in Frankfurt following the release of the report. (Source: Bloomberg)