The Governing Council of the European Central Bank on 14 February 2026 decides to enhance the Eurosystem repo facility for central banks (EUREP) to offer standing access, in principle, to all central banks unless excluded for reasons such as money laundering, terrorist financing or sanctions, with changes to apply from the third quarter of 2026.

The update aims to make euro liquidity provision more flexible and geographically broader to mitigate spillovers and support smooth transmission of euro area monetary policy amid heightened geopolitical and financial‑system uncertainty; EUREP complements existing ECB swap lines and will provide backstop euro funding against high‑quality euro‑denominated collateral subject to appropriate risk mitigants.

• What change did the ECB make to EUREP and where is it headquartered? The ECB (Frankfurt) broadened EUREP to provide standing access to central banks globally, subject to exclusions.
• When do the EUREP changes take effect in the euro area? The enhanced EUREP framework applies from the third quarter of 2026.
• What collateral and safeguards apply to EUREP operations locally? EUREP provides funding against high‑quality euro‑denominated collateral with appropriate risk mitigants and exclusion for AML, terrorism financing or sanctions.
• How does EUREP relate to existing ECB swap lines in the EU? EUREP complements ECB swap lines, which remain unchanged under the updated framework.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。