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Euroclear Warns ECB Against Risky Investments of Frozen Russian Assets
Euroclear Warns ECB Against Risky Investments of Frozen Russian Assets
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BTCCSquare news:
Euroclear, the Brussels-based securities depository holding €191B in frozen Russian central bank assets, has objected to EU plans to reinvest proceeds in riskier assets. CEO Valérie Urbain cautioned the MOVE could expose the EU financial system to legal and geopolitical risks, calling it a potential "expropriation."
The European Commission seeks higher yields for Ukraine funding as ECB rate cuts reduce returns on SAFE assets. Euroclear warns this strategy creates unacceptable exposure and sets a dangerous precedent. "If you increase the revenues, you increase the risks," Urbain stated, questioning risk allocation.
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