Regulatory Alerts2026-03-26
Decision (EU) 2026/812 amending Decision (EU) 2019/1743 on the remuneration of holdings of excess reserves and of certain deposits
The European Central Bank amends Decision (EU) 2019/1743 to require that excess reserves of eligible counterparties fulfilling deposit facility access conditions be remunerated at the deposit facility rate regardless of whether that rate is negative, zero, or positive. This change aims to improve operational efficiency, reduce daily fund transfers to the deposit facility, and support the smooth functioning of instant payment settlement systems. The amended rules apply from the maintenance period beginning on 17 June 2026, with specific provisions maintaining differentiated remuneration for institutions lacking access conditions or subject to discretionary restrictions.
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