The Eurosystem collateral framework is being changed by the European Central Bank (ECB) in order to promote consistency across the euro area.
This adjustment is being made because the ECB has been using two separate frameworks since the 2008 financial crisis. The goal is to create a single list of collateral that can be used by all counterparties, regardless of their location within the eurozone.
This change is expected to make collateral management more efficient and streamline operations in the region.