ECB Makes Changes to Eurosystem Collateral Framework

By Alexander Weber

November 29, 2024 at 5:19AM EST

A train crosses a railway bridge over the River Main near the European Central Bank (ECB) headquarters in Frankfurt, Germany, on Monday, May 23, 2022. While ECB policy makers have increasingly coalesced around the prospect of a first hike at their July 21 meeting in recent weeks, they have barely mentioned the possibility of a more aggressive half-point move such as the US Federal Reserve delivered this month. Photographer: Alex Kraus/Bloomberg (Alex Kraus/Bloomberg)

(Bloomberg) -- The European Central Bank announced changes to the Eurosystem collateral framework to foster greater harmonization.

While the ECB has been operating two frameworks since the 2008 financial crisis, it said the adjustments “contribute to returning to a harmonized single list of collateral available to all counterparties, irrespective of their location in the euro area.”

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