ECB adjusts risk controls with eye on collateral availability

First assessment of climate risk in collateral framework concludes no climate-related changes needed

ECB - JULY 2018 - Getty - web.jpg

The European Central Bank has adjusted its framework for setting haircuts on collateral posted to its key credit operations.

The exercise, which is conducted regularly, aimed to ensure adequate risk protection, improve the “consistency” of the risk control framework and “enhance risk equivalence of assets”.

Related The ECB’s collateral conundrum

A lack of high-quality collateral in the eurozone has resulted in money market rates lagging ECB policy rates

At the same time, the

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