14 August 2024

• Harmonised rules and arrangements defined for mobilisation and management of collateral in Eurosystem credit operations
• Harmonisation marks step towards European capital markets union
• New rules take effect with launch of Eurosystem Collateral Management System, scheduled for 18 November 2024

The European Central Bank (ECB) has today published harmonised rules and arrangements for the mobilisation and management of collateral in Eurosystem credit operations marking a step towards further financial integration in the euro area and the capital markets union.

The new rules and arrangements can be found in the guideline on the management of collateral in Eurosystem credit operations (ECB/2024/22), which the ECB published today. A document containing further information for Eurosystem counterparties on the harmonised processes, procedures and arrangements involved in the mobilisation and management of collateral in Eurosystem credit operations is also available on the ECB’s…