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ARTICLE · 16 OCTOBER 2015

I DECCs: La BCE Introduce Una Nuova Classe Di Attività Stanziabili

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Il 27 agosto 2015 il Consiglio direttivo ha adottato l'Indirizzo BCE/2015/27 che modifica l'Indirizzo BCE 2015/510 sull'attuazione del quadro di riferimento della politica monetaria dell'Eurosistema...

ItalyFinance and Banking
Patrizio Messina
Patrizio Messina
Gianrico Giannesi
Gianrico Giannesi
Raul Ricozzi
Raul Ricozzi
Madeleine Horrocks
Madeleine Horrocks
Emanuela Molinaro
Emanuela Molinaro
Annalisa Dentoni-Litta
Annalisa Dentoni-Litta
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Il 27 agosto 2015 il Consiglio direttivo ha adottato l'Indirizzo BCE/2015/27 che modifica l'Indirizzo BCE 2015/510 sull'attuazione del quadro di riferimento della politica monetaria dell'Eurosistema (BCE/2014/60) (le "Guidelines"). Il nuovo indirizzo contempla alcuni emendamenti all'applicazione del quadro per la politica monetaria ed introduce una nuova classe di attività stanziabili, gli "strumenti di debito non negoziabili garantiti da crediti idonei".

1. I DECCS

Con la decisione BCE/2015/27 che modifica le Guidelines viene introdotta una nuova definizione di strumento non negoziabile considerato idoneo ai fini delle operazioni con la Banca Centrale Europea ("BCE"): i "DECCs" (non-marketable debt instruments backed by eligible credit claims) i quali indicano strumenti di debito:

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