Market operations
Publication of the 2025 Bank Treasurer Survey Report
On 18 June 2026 the Governing Council approved the publication of the 2025 Bank Treasurer Survey Report. This survey was conducted between 14 and 29 October 2025 with responses from 184 banks, accounting altogether for approximately 72% of total banking assets and central bank reserves in the euro area. The survey, which provides valuable insight into the ongoing monitoring of banks’ liquidity management by gathering systematic views about banks’ expected demand for central bank reserves, including through the use of the Eurosystem’s standard refinancing operations, is available on the ECB’s website.
Integration of portfolios of non-financial corporate loans in the Eurosystem general collateral framework
On 24 June 2026 the Governing Council decided on the eligibility criteria and risk control framework to permanently integrate portfolios of non-financial corporate (NFC) credit claims into the Eurosystem general collateral framework. This follows the Governing Council’s initial announcement in November 2024 to phase out temporary collateral measures that allowed banks to post a broader range of NFC credit claims as collateral, and marks the final step in phasing out the temporary additional credit claim (ACC) framework. This decision marks the return to a single list of eligible collateral applied across the whole euro area. Technical implementation is currently planned for November 2027 at the earliest. More detailed information is provided in a related press release and FAQ document available on the ECB’s website.
