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ECB announces changes to Eurosystem collateral framework

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Published on: 29 November 2024

Published by LNB News

LNB News 29/11/2024

Document Information

Issue Date: 29 November 2024

Published Date: 29 November 2024

Jurisdiction(s): Eire and European Union

Article summary

The European Central Bank (ECB) has announced changes to the Eurosystem collateral framework to improve harmonisation, flexibility, and risk efficiency. Key changes include integrating temporary collateral easing measures into the permanent general framework and gradually phasing out the remaining temporary measures. Pools of non-financial corporate credit claims and credit claims with COVID-19 public guarantees will remain eligible under the temporary framework until at least end-2026, with other changes entering into force no earlier than Q4 2025. Additionally, national central banks may terminate additional credit claim frameworks earlier.

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