www.ecb.europa.eu
October 2024
Market operations
Regular review of the agreement on emergency liquidity assistance (ELA)
On 27 September 2024 the Governing Council adopted a revised version of the ELA agreement, which contains more detailed information on the key elements taken into consideration when providing ELA. In particular, it introduces compliance with the leverage ratio as a solvency criterion for the provision of ELA to credit institutions. The revised version also introduces the key principle that ELA collateral should sufficiently protect the national central bank against risks emerging from ELA operations. The agreement, which is available on the ECB’s website, will next be reviewed in 2027.
Market infrastructure and payments
Public consultation on a draft ECB recast regulation on oversight requirements for systemically important payment systems
On 4 October 2024 the Governing Council endorsed a draft ECB regulation recasting European Central Bank regulation (EU) No 795/2014…