Euro Area: Publication of Financial Sector Assessment Program Documentation-Technical Note on Systemic Liquidity

International Monetary Fund

No 2025/209, IMF Staff Country Reports from International Monetary Fund

Abstract: Progress has been made in several areas highlighted in the 2018 FSAP (Appendix I). Most notably the European Central Bank (ECB) strengthened its liquidity monitoring framework and modified the central clearing counterparty (CCP) credit facility. A key recommendation of the 2018 FSAP to centralize emergency liquidity assistance (ELA) has not progressed.

Keywords: ECB market program; ECB balance sheet normalization; directorate General market operation; money market metrics; staff team of the International Monetary Fund; Collateral; Liquidity; Lender of last resort; Financial statements; Credit; Global (search for similar items in EconPapers)
Pages: 41
Date: 2025-07-25
New Economics Papers: this item is included in nep-eec
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