Featured Product

    ECB Issues Legal Acts on Targeted Longer-Term Refinancing Operations

    July 29, 2019

    ECB published a legal act, adopted on July 22, 2019 (ECB/2019/21), related to the third series of targeted longer-term refinancing operations (TLTRO III). TLTRO III operations will help to preserve favorable bank lending conditions and support the accommodative stance of monetary policy. ECB also published an indicative calendar and the reporting templates for TLTRO III. This decision (ECB/2019/21) from July 22, 2019 defines the conditions for participation in TLTRO III and other operational aspects.

    ECB also published ECB/2019/22, which amends Decision (EU) 2016/810 on a second series of targeted longer-term refinancing operations (TLTRO II), introducing a change to the notification period of voluntary early repayments for TLTRO II to facilitate the calculation of the bid limits for the TLTRO III. Paragraphs 3 and 4 in Article 6 of Decision (EU) 2016/810 have been replaced. ECB/2019/21 and ECB/2019/22 shall enter into force on August 03, 2019.

    TLTROs are Eurosystem operations that provide financing to credit institutions. By offering long-term funding to banks at attractive conditions, TLTROs preserve favorable borrowing conditions for banks and stimulate bank lending to the real economy. A first series of TLTROs was announced on June 05, 2014, a second series (TLTRO II) was announced on March 10, 2016, and a third series (TLTRO III) was announced on March 07, 2019. In TLTRO III, similar to TLTRO II, the interest rate to be applied is linked to the lending patterns of participating banks. The more loans participating banks issue to non-financial corporations and households (except loans to households for house purchases), the more attractive the interest rate on their TLTRO III borrowings becomes.

     

    Related Links

    Effective Date: August 03, 2019

    Keywords: Europe, EU, Banking, TLTRO III, Refinancing Operations, ECB 2019/21, ECB 2019/22, Reporting, ECB

    Featured Experts
    Related Articles
    News

    OSFI Outlines Prudential Policy Priorities for Coming Months

    OSFI has set out the near-term priorities for federally regulated financial institutions and federally regulated private pension plans for the coming months until March 31, 2022.

    May 06, 2021 WebPage Regulatory News
    News

    BIS Announces TechSprint on Innovative Green Finance Solutions

    Under the Italian G20 Presidency, BIS Innovation Hub and the Italian central bank BDI launched the second edition of the G20 TechSprint on the lookout for innovative solutions to resolve operational problems in green and sustainable finance.

    May 06, 2021 WebPage Regulatory News
    News

    EBA Proposed Regulatory Standards for Central Database on AML/CFT

    EBA proposed the regulatory technical standards on a central database on anti-money laundering and countering the financing of terrorism (AML/CFT) in EU.

    May 06, 2021 WebPage Regulatory News
    News

    ECB Responds to EC Consultation on Crisis Management Framework

    ECB published its response to the targeted EC consultation on the review of the bank crisis management and deposit insurance framework in EU.

    May 06, 2021 WebPage Regulatory News
    News

    ACPR Publishes Version 1.0.0 of RUBA Taxonomy

    ACPR published Version 1.0.0 of the RUBA taxonomy, which will come into force from the decree of January 31, 2022.

    May 06, 2021 WebPage Regulatory News
    News

    BCBS, CPMI, and IOSCO to Survey Market Participants on Margin Calls

    BCBS, CPMI, and IOSCO (the Committees) are inviting entities that participate in market infrastructures and securities markets through an intermediary as well as non-bank intermediaries to complete voluntary surveys on the use of margin calls.

    May 05, 2021 WebPage Regulatory News
    News

    ECB Amends Decision on TLTRO III

    ECB published Decision 2021/752 to amend Decision 2019/1311 on the third series of targeted longer-term refinancing operations or TLTRO III.

    May 05, 2021 WebPage Regulatory News
    News

    Central Bank of Ireland Issues Draft Template for AnaCredit Reporting

    The Central Bank of Ireland published Version 2.7 of the draft credit data template and rules for monthly AnaCredit reporting by banks.

    May 05, 2021 WebPage Regulatory News
    News

    OSFI Consults on Revisions to BCAR and Leverage Requirements Returns

    OSFI proposed revisions to the Basel Capital Adequacy Reporting (BCAR) and leverage requirements returns for the 2023 reporting, with the comment period ending on July 09, 2021.

    May 04, 2021 WebPage Regulatory News
    News

    EBA Seeks Views on Revisions to Nonperforming Loan Data Templates

    EBA published a discussion paper on review of the standardized nonperforming loans (NPL) transaction data templates, along with the proposed revised NPL data templates.

    May 04, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6936