A new consolidated version of Guideline (EU) 2016/65 of the European Central Bank as regards the haircut of financial instruments that may be pledged as collateral by financial institutions when borrowing money from their respective Central Banks was published in the Official Journal (OJ) of the EU.
The consolidated version includes the most recent modifications made by Guideline (EU) 2023/832 of the European Central Bank which modified the haircut levels (valuations) and categorization of diverse securities to provide for a more granular haircut system for marketable securities to better reflect the risks associated with these instruments and to phase-out remaining COVID-19 temporary haircut reductions measures. Please see EventID 20698 in this context for more information.
New consolidated version: Guideline (EU) 2016/65 of the European Central Bank of 18 November 2015 on the valuation haircuts applied in the implementation of the Eurosystem monetary policy framework (ECB/2015/35)
ID
23708
Other Features
banks
loan
margin
securities
valuation
Date Published: 2023-06-14
Date Taking Effect: 2023-06-29
Regulatory Framework: Eurosystem Monetary Policy, Treaty on the Functioning of the European Union (TFEU)
Regulatory Type: information
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