On Oct. 18, ECB issued decisions taken by its Governing council.
ECB issued Governing Council decisions, in addition to decisions setting interest rates.
Market Operations
On Sep. 27, 2024, Council adopted revised version of the emergency liquidity assistance (ELA) agreement, containing more detailed information on key elements.
Introduces compliance with leverage ratio as a solvency criterion for provision of ELA to credit institutions, and introduces key principle that ELA collateral should sufficiently protect the national central bank against risks emerging from ELA operations.
The agreement will next be reviewed in 2027.
Market Infrastructure and Payments
On Oct. 4, 2024, Governing Council endorsed a draft regulation recasting ECB regulation (EU) No 795/2014 on oversight requirements for systemically important payment systems (SIPS Regulation), approved launch of 6-week public consultation.
As SIPS regulation has been amended several times, recast is needed for clarity.
The deadline for submitting comments is 18:00 CET on Nov. 29, 2024.
Corporate Governance
On Oct. 4, 2024, Governing Council took note of positive evaluation of third term of Eurosystem Procurement Coordination Office (EPCO) since its establishment.
And approved mandate for its fourth term, from 2025 to 2029, LUX CB was recently designated by the Governing Council to continue hosting EPCO for that period.
On Oct. 8, 2024, Governing Council took note of update allocation of responsibilities of ECB representatives on Supervisory Board in view of three new members.
Statistics
On Sep. 27, 2024, Governing Council approved the 2023 report on protecting the confidentiality of individual statistical information collected by the ECB.
On Oct. 10, 2024, adopted Guideline ECB/2024/27 amending Guideline (EU) 2021/831 on statistical information to be reported on financial intermediaries other than monetary financial institutions, amending Guideline aligns some provisions.
Concerning transmission of aggregated investment fund statistics from national central banks (NCBs) to ECB with those in Regulation (EU) 2024/1988 of ECB, Jun. 27, 2024.
Concerning statistics on investment funds and repealing Decision (EU) 2015/32 (ECB/2014/62) (ECB 2024/17), also introduces transmission of fund-by-fund data from the NCBs to the ECB, Guideline will be issued in due course on EUR-Lex.