A new consolidated version of Decision (EU) 2019/1743 of the European Central Bank concerning the remuneration policy of the European Central Bank as regards excess reserve deposits of financial institutions was published in the Official Journal (OJ) of the EU. The consolidated version includes the modifications made by Decision (EU) 2023/817 of the European Central Bank (ECB) which adjusted the remuneration on excess reserves to €STR (Euro Short-Term Rate) minus 20 basis points beginning May 1, 2023. Please also see EventID 20596 in this context for more information.
Other Features
banks
financial stability
interest rate
limit
payment services
remuneration
Date Published: 2023-05-24
Date Taking Effect: 2023-05-01
Regulatory Framework: EU Monetary Policy, Treaty on the Functioning of the European Union
Regulatory Type: information
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