ECB collateral to include non-euro debt

The European Central Bank (ECB) will for the first time accept European bonds denominated in dollars, sterling and yen as collateral as of 14 November, the central bank said on Wednesday.

A spokesman for the ECB told Central Bank News that the new rules, which were outlined in October, are "a way of contributing to restoring confidence in financial markets."

To qualify the bonds must have a European issuer and be settled in the euro area. The move comes a month after the ECB announced an extens