ECB: German senior will be eligible as collateral, for now

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ECB: German senior will be eligible as collateral, for now

ECB 230x150 euro sculpture
Euro-Sculpture in front of ECB in Frankfurt am Main, Hesse, Germany Photo by: Daniel Kalker/picture-alliance/dpa/AP Images | Daniel Kalker/Daniel Kalker/picture-alliance/dpa/AP Images

The European Central Bank (ECB) confirmed senior unsecured bonds subject to statutory subordination would be eligible as collateral next year, clearing up an important question posed by Germany’s approach to making bail-in possible.

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