Bank of Finland rules for counterparties and customers – Rules update 6.5.2024
The Bank of Finland rules on monetary policy operations and collateral have been updated, and they now include the amendments made by the ECB to its Guideline on the implementation of the Eurosystem monetary policy framework (ECB/2024/4), the Guideline on the valuation haircuts applied in the implementation of the Eurosystem monetary policy framework (ECB/2024/5) and the Guideline on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral (ECB/2024/6).
In addition, the document Implementation of monetary policy operations and collateral management at the Bank of Finland included in the Bank of Finland rules has been updated, for example regarding the use of credit claims as collateral. Furthermore, the Bank of Finland’s monetary policy counterparty agreements have been clarified and updated in line with the amendments to the ECB Guidelines.
The changes will enter into force on 6 May 2024.