The ECB updates the rules on how banks access Eurosystem funds
23 Mar 2026
Effective: 22 Jan 2026
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Who is affected:
Credit institutions and banks operating with the European Central Bank and the Eurosystem
Summary
The European Central Bank amends the technical rules governing how banks obtain funding from the European monetary system. This mainly affects financial institutions operating with the ECB.
Detailed analysis
PRO
Guideline ECB/2026/1 amends Guideline ECB/2014/60, which constitutes the general framework for Eurosystem monetary policy. This update adjusts the procedures and conditions under which credit institutions may access ECB financing operations, including auctions, standing facilities and collateral management. The amendme…
Full official title
OJ:L_202600689: Orientación (UE) 2026/689 del Banco Central Europeo, de 22 de enero de 2026, por la que se modifica la Orientación (UE) 2015/510 sobre la aplicación del marco de la política monetaria del Eurosistema (BCE/2014/60) (BCE/2026/1)