ECB: Announces package of temporary collateral easing measures
- ECB adopts an unprecedented set of collateral measures to mitigate the tightening of financial conditions across the euro area
- Temporary increase in the Eurosystem’s risk tolerance in order to support credit to the economy
- ECB eases the conditions for the use of credit claims as collateral and adopts a general reduction of collateral valuation haircuts
- Waiver to accept Greek sovereign debt instruments as collateral in Eurosystem credit operations
- Assess further measures to temporarily mitigate the effect on counterparties’ collateral availability from rating downgrades
- ECB adopted a package of temporary collateral easing measures to facilitate the availability of eligible collateral for Eurosystem
