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Brexit could affect EUR 88 billion of bonds held as ECB collateral

( June 28, 2019, 13:46 GMT | Official Statement) -- MLex Summary: 88 billion euros ($110 billion) of unsecured UK bank bonds could cease to become eligible to be held as collateral against European Central Bank credit operations in the event of a no-deal Brexit, president Mario Draghi has said. The ECB will issue a statement once there is more clarity over the terms of withdrawal, he told lawmaker Sven Giegold in a letter published today.Letter follows. ...

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