Austrian Central Bank Lets Eligibility Criteria Ease

Politics ♦ Published: February 10, 2012; 17:19 ♦ (Vindobona)

OeNB: ECB governing council endorses expansion of eligibility criteria for nonmarketable assets.

Austrian Central Bank Lets Eligibility Criteria Ease / Picture: © Vindobona.org

Today, the Governing Council of the ECB endorsed the temporary expansion of the country-specific eligibility criteria applicable to nonmarketable assets (credit claims).

“To enable Austrian banks to optimize their liquidity management, the OeNB has decided to lower the minimum credit score for credit claims to a one-year default probability of 1% on the part of the debtor. The…