ECB takes unprecedented steps to preserve credit provision

ECB 2017

The European Central Bank unveiled an unprecedented set of measures on April 7 to ensure eurozone banks maintain both liquidity access and credit provision during the Covid-19 crisis.

The ECB’s governing council decided to simultaneously reduce the haircuts it imposes on the value of collateral posted by banks and broaden the assets institutions can post in exchange for liquidity. The actions will add risk to the central bank’s balance sheet and remove it from the banking sector.

The central

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: