ECB Expands EUREP International Liquidity Support
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On October 21, 2026, the European Central Bank announced that it would further enhance the EUREP framework this year to provide euro liquidity backstop support to central banks outside the euro area, secured by high-quality euro-denominated collateral. The updated framework will, in principle, provide standing access to all central banks, with a maximum allocation of €50 billion per central bank and individual maturities ranging from one day to one week, with extensions possible. Central banks that complete the access process may draw on the facility starting in the fourth quarter of 2026. ECB Executive Board member Philip R. Lane said that EUREP mainly supports euro-denominated bond markets, while swap lines supplement liquidity support through local bank credit channels.
AI-written from reports · updated 2 hours ago
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- European Central BankSelectedECB expands EUREP’s coverage and flexibility to strengthen international euro liquidity support
This year, ECB enhanced EUREP for central banks outside the euro area, providing them with a euro liquidity backstop secured by high-quality euro-denominated collateral. Under the updated framework, standing access is in principle available to all central banks, with a limit of up to €50 billion per institution. Individual operations have maturities ranging from one day to one week and can be extended. Central banks that complete the access process can draw on the facility from the fourth quarter of 2026. Philip R. Lane said that EUREP mainly supports euro-denominated bond markets, while swap lines complement liquidity support through local banks’ credit channels.
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