Access to liquidity facilities provided by central banks, including emergency liquidity facilities, should not be considered as extraordinary public financial support provided that the institution is solvent at the moment of the liquidity provision, and such liquidity provision is not part of a larger aid package; that the facility is fully secured by collateral to which haircuts are applied, in function of its quality and market value that the central bank charges a penal interest rate to the beneficiary; and that the measure is taken at the central bank's own initiative and, in particular, is not backed by any counter-guarantee of th ...[+++]e State.

(i) liquidity facilities provided by central banks according to standard conditions (the facility is fully secured by collateral to which haircuts are applied, in function of its quality and market value, and the central bank charges a penal interest rate to the beneficiary), also when these liquidity facilities are backed by a State guarantee ; or

where practical and available, without prejudice to eligibility rules of central bank, it shall have access to central bank accounts and other central bank services to enhance its management of liquidity risks and Union credit institutions shall deposit the corresponding cash balances on dedicated accounts with Union central banks of issue ;

6. Notes that the Centre's accounts for the financial year 2008 show income from interest in the amount of EUR 107 591,31; concludes from the annual closure of accounts and the amount of interest payments that the Centre maintains high cash reserves over long periods; notes that as of 31 December 2008 the Centre's cash reserves amounted to EUR 1 635 537,86 and that appropriations totalling EUR 354 051,31, which, as result of a bank book-keeping error, had been included in the Centre's accounts as an amount receivable, were credited to the Centre's bank account early in 2009; calls on the Commission to examine ways of ensuring that the ...[+++] principle of needs-based cash management, as laid down in Article 15(5) of Regulation (EC, Euratom) No 2343/2002, is implemented in full and what changes in approach are needed to ensure that the Centre's cash reserves are kept as low as possible on a long-term basis;

6. Notes that the Centre's accounts for the financial year 2008 show income from interest in the amount of EUR 107 591,31; concludes from the annual closure of accounts and the amount of interest payments that the Centre maintains high cash reserves over long periods; notes that as of 31 December 2008 the Centre's cash reserves amounted to EUR 1 635 537,86 and that appropriations totalling EUR 354 051,31, which, as result of a bank book-keeping error, had been included in the Centre's accounts as an amount receivable, were credited to the Centre's bank account early in 2009; calls on the Commission to examine ways of ensuring that the ...[+++] principle of needs-based cash management, as laid down in Article 15(5) of Regulation (EC, Euratom) No 2343/2002, is implemented to the full and what changes in approach are needed to ensure that the Centre's cash reserves are kept as low as possible on a long-term basis;

53. Asks for a better and stricter regulatory framework for banks and other financial institutions; considers the importance of 'cash-holding' instruments or margin requirements, which implies that financial institutions retain a part of their loans and investments in cash; considers that this type of instrument could be used to intervene on the loan policy of banks, in particular by permitting the use of such 'cash-holdings' at discount-interest rates for micro-credits, micro and small enterprise financing and social projects, like social housing;