RegAlert2024-05-02
Added · Updated
Instruction No. 7/2024: Implementation of Eurosystem Monetary Policy
Bank of Portugal amends Instruction No. 3/2015 to align Portuguese regulations with ECB Guidelines amending ECB/2014/60 and ECB/2015/35. The changes update operational timelines for refinancing operations, clarify collateral eligibility criteria including minimum credit claim thresholds (25,000 EUR domestically, 500,000 EUR cross-border), and refine definitions for TARGET accounts and intraday credit. It also introduces new rules for sustainability-linked bonds, ECAF credit assessment disclosures, and the treatment of counterparties failing capital requirements or subject to EU restrictive measures.
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Instruction No. 7/2024
BO No. 4/2024 Supplement • 2024/05/02
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Topics
Markets :: Money Markets
Mod. 99999940/T – 01/14
Index
Text of the Instruction
Text of the Instruction
Subject: Implementation of Eurosystem monetary policy On 8 February 2024, the Governing Council of the ECB approved Guideline (EU) 2024/XX of the European Central Bank, amending Guideline (EU) 2015/510 of the European Central Bank (ECB/2014/60) on the framework for the implementation of Eurosystem monetary policy (ECB/2024/4), as well as Guideline (EU) 2024/XX of the European Central Bank, amending Guideline (EU) 2016/65 of the European Central Bank (ECB/2015/35) on the valuation haircuts to be applied in the implementation of Eurosystem monetary policy (ECB/2024/5).
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Lineage: In force
Source: Banco de Portugal — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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