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Frequently Asked Questions

Frequently Asked Questions
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Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)

Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)
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Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)

The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

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Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)

Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates) Amendments to the Decision on the third series of targeted longer-term refinancing operations On 30 April 2021 the Governing Council adopted Decision (EU) 2021/752 (ECB/2021/21) amending Decision (EU) 2019/1311 on a third series of targeted longer-term refinancing operations (TLTRO-III Decision). The changes introduced (i) amend the sanctioning regime in case required reports and audits are not provided by TLTRO-III participants in time, (ii) include provisions regarding the treatment of corporate reorganisations occurring after 31 March 2021 for the purpose of calculating TLTRO-III interest rates, and (iii) and contain some clarifications deemed necessary for legal certainty. The unofficial consolidated version of the TLTRO-III Decision and the revised TLTRO-III indicative calendar are available on the ECB’s website.

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Suomen Pankki (via Public) / Bank of Finland rules for counterparties and customers

Bank of Finland rules for counterparties and customers Rules update 1 January 2021 The Bank of Finland has updated its rules on monetary policy operations and collateral. The rules now include the ECB s amendments to the Guideline on the implementation of the Eurosystem monetary policy framework (General Documentation Guideline) (ECB/2020/45), the Guideline on the valuation haircuts applied in the implementation of the Eurosystem monetary policy framework (ECB/2020/46) and the Guideline on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral (ECB/2020/47). In addition, the guidance in the rules on the pledging of syndicated loan shares has also been updated.

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