On May 9, SLK CB board implemented revised framework.
SLK CB board meeting discussed and approved amendment to Decision 2/2015 on the implementation of the Eurosystem monetary policy framework.
Follows Nov. 2024, ECB announced changes to foster greater harmonization.
Amendment
Approval introduces changes from ECB guidelines constituting legal framework for the implementation of the Eurosystem's monetary policy, approved by ECB in Nov. 2024.
Mainly related to launch of the Eurosystem collateral management system (ECMS).
Regulates eligibility of certain assets used as collateral in Eurosystem credit operations and use of credit quality assessments from internal systems.
For counterparties that decide to use credit claims as collateral for Eurosystem credit operations, a newly drafted lien agreement on credit claims has been added.
Effectiveness
Amended decision enters into force on Jun. 16, 2025.
