Featured Product

    ECB Amends Guideline on Measures Related to Eligibility of Collateral

    June 24, 2019

    ECB published Guideline (EU) 2019/1034, which amends Guideline ECB/2014/31, on additional temporary measures related to Eurosystem refinancing operations and eligibility of collateral (ECB/2019/13). The Governing Council has decided that for the purposes of certain Articles of Guideline ECB/2014/31, the Hellenic Republic and Republic of Cyprus shall no longer be considered a euro area member state under a EU-IMF program. The suspension of the requirements for credit quality thresholds for certain marketable instruments should be subject to an explicit decision of the Governing Council. Therefore, Guideline ECB/2014/31 has been amended accordingly.

    Guideline (EU) 2019/1034 shall take effect on the day of its notification to the national central banks of the member states whose currency is the euro. The national central banks of the member states whose currency is the euro shall take the necessary measures to comply with Guideline (EU) 2019/1034 and apply them from August 05, 2019. They shall notify ECB of the texts and means relating to those measures by June 21, 2019 at the latest. Guideline ECB/2014/31 has been amended as follows:

    • Paragraph 3 in Articles 1, 8, and 9 has been deleted.
    • Article 6 has been deleted.
    • Paragraph 2 in Article 8 has been replaced.
    • Annexes I and II have been deleted.

     

    Related Link: Guideline (EU) 2019/1034 (PDF)

     

    Keywords: Europe, EU, Banking, Cyprus, Guideline 2019/1034, Hellenic Republic, Credit Quality Thresholds, ECB

    Related Articles
    News

    EC Adopts Financial Reporting Changes Arising from Benchmark Reforms

    EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.

    January 14, 2021 WebPage Regulatory News
    News

    BIS Bulletin Examines Key Elements of Policy Response to Cyber Risk

    BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.

    January 14, 2021 WebPage Regulatory News
    News

    HMT Updates List of Post-Brexit Equivalence Decisions in UK

    HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.

    January 14, 2021 WebPage Regulatory News
    News

    EBA Issues Erratum for Technical Package on Reporting Framework 3.0

    EBA published an erratum for technical package on phase 1 of the reporting framework 3.0.

    January 14, 2021 WebPage Regulatory News
    News

    APRA Publishes FAQ on Measurement of Credit Risk Weighted Assets

    APRA updated a frequently asked question (FAQ), for authorized deposit-taking institutions, on the measurement of credit risk weighted assets.

    January 14, 2021 WebPage Regulatory News
    News

    EBA Publishes Risk Dashboard for Third Quarter of 2020

    EBA published the quarterly risk dashboard, along with the results of the Risk Assessment Questionnaire survey among 60 banks and 15 market analysts.

    January 13, 2021 WebPage Regulatory News
    News

    ECB Analysis Shows Privacy as Biggest Concern in Use of Digital Euro

    ECB concluded the public consultation on the introduction of a digital euro in EU.

    January 13, 2021 WebPage Regulatory News
    News

    ECB Finalizes Guide on Supervisory Approach to Bank Consolidation

    ECB published a guide that sets out the supervisory approach to consolidation in the banking sector.

    January 12, 2021 WebPage Regulatory News
    News

    SRB Chair Outlines Work Priorities for 2021

    The SRB Chair Elke König published an article setting out work priorities for 2021.

    January 11, 2021 WebPage Regulatory News
    News

    FDIC Selects Companies to Compete in Final Phase of Tech Sprint

    FDIC has selected 11 technology companies—including BearingPoint, Fed Reporter, Inc, and S&P Global Market Intelligence, LLC—for inclusion in the third and final phase of the rapid prototyping competition.

    January 11, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6417