Finance
ECB to broaden access to euro backstop, board member says
Published by Global Banking & Finance Review®
Posted on February 12, 2026
1 min readLast updated: February 12, 2026
Quick Summary
The ECB plans to expand access to its euro backstop facility to mitigate disruptions in euro funding markets. An announcement is expected at the Munich Security Conference.
ECB to broaden access to euro backstop, board member
ECB's Strategy for Euro Backstop Expansion
FRANKFURT, Feb 12 (Reuters) - The European Central Bank is preparing to broaden access to its euro backstop facility, hoping to reduce the risk of any disruption in euro funding markets outside the bloc, ECB board member Piero Cipollone said on Thursday.
Impact on Euro Funding Markets
Such repo lines, now only available to just a handful of central banks outside the euro zone, should ease uncertainty about accessing euros even in times of financial stress and boost the bloc's monetary sovereignty, Cipollone said in a speech.
Upcoming Announcement at Munich Security Conference
Sources earlier told Reuters that an announcement on the revamped repo lines was likely this weekend, when ECB President Christine Lagarde speaks at the Munich Security Conference.
(Reporting by Balazs Koranyi; Editing by Alex Richardson)
Key Takeaways
- •ECB to broaden euro backstop access.
- •Aims to reduce euro funding market disruptions.
- •Repo lines to be available to more central banks.
- •Enhances euro zone's monetary sovereignty.
- •Announcement expected at Munich Security Conference.
Frequently Asked Questions about ECB to broaden access to euro backstop, board member says
1What is the European Central Bank?
The European Central Bank (ECB) is the central bank for the euro and administers monetary policy within the Eurozone, aiming to maintain price stability.
2What is a euro backstop?
A euro backstop is a financial safety net provided by the ECB to ensure liquidity and stability in euro funding markets during times of financial stress.
