Shanghai, 21 October 2026 – The European Central Bank is reviewing its euro-liquidity arrangements after more than 30 central banks expressed interest in access, Chief Economist Philip Lane said in Shanghai. The framework includes EUREP, which provides euros against eligible euro-denominated collateral to non-euro-area central banks.
The review matters to Asian financial systems because reliable access to euros can reduce stress when international funding markets tighten. Interest in a facility does not guarantee approval. The European Central Bank assesses economic and financial links, collateral and repayment capacity before extending liquidity support.
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