ECB relaxes collateral eligibility rules

ecb-frankfurt

The European Central Bank (ECB) today (June 22) announced further alterations to its collateral eligibility rules in a move that will particularly assist ailing Spanish banks.

"The governing council of the ECB [has] decided on additional measures to improve the access of the banking sector to Eurosystem operations in order to further support the provision of credit to households and non-financial corporations," said the ECB.

To achieve this, the council decided to reduce the rating threshold and

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