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ECB Poised to Extend Bank Capital Relief by Nine Months (2)

June 16, 2021, 1:38 PM

The European Central Bank is set to extend a key plank of its pandemic relief measures by nine months to ensure lenders keep supplying credit to the economy, according to people familiar with the matter.

The ECB’s supervisory board plans to allow lenders to continue to exclude deposits held at central banks when calculating their leverage ratio until March next year, said the people, who asked to remain anonymous as the matter isn’t public. The measure still needs approval from the ECB’s Governing Council to take effect, they said.

An ECB spokesman declined to comment. The exemption, which would otherwise ...