ECB establishes targeted TLTRO objectives

(AGI) Rome, July 3 - The European Central Bank has establishedthe objectives of targeted long-term refinancing operations(TLTRO) as announced at a press conference held by ECBpresident Mario Draghi, who explained that details will beexplained in a statement issued at 3.30 p.m.. Draghi also saidthat the ECB is intensifying work on drafting a programme forpurchasing asset-backed securities to help companies,explaining that the securities involved would be characterisedby "transparency" and "simplicity" and that thereforeoperations would not involve derivatives. . .

(AGI) Rome, July 3 - The European Central Bank has establishedthe objectives of targeted long-term refinancing operations(TLTRO) as announced at a press conference held by ECBpresident Mario Draghi, who explained that details will beexplained in a statement issued at 3.30 p.m.. Draghi also saidthat the ECB is intensifying work on drafting a programme forpurchasing asset-backed securities to help companies,explaining that the securities involved would be characterisedby "transparency" and "simplicity" and that thereforeoperations would not involve derivatives. . .