Persverklaring ECB van vandaag

8 July 2013 - ECB further reviews its risk control framework allowing for a new treatment of asset-backed securities

The Governing Council of the European Central Bank (ECB) decided to further strengthen its risk control framework. To maintain adequate risk protection, the ECB regularly adjusts its collateral eligibility rules and haircuts applied when accepting collateral in Eurosystem monetary policy operations. In addition, some measures aim to improve the overall consistency of the framework. At the same time, the list of collateral accepted under the permanent Eurosystem collateral framework will be expanded. These measures taken together have an overall neutral effect on the amount of collateral available.

In the biennial review of its risk control framework applied in Eurosystem monetary policy operations, the Governing Council decided in particular to: