Publisher

European Central Bank (ECB)

Media Date

10-20-2008

Media Type

Document

Content Type

Policy Paper

Country/Region

European Union

Language

English

Crisis

Global Financial Crisis (2007-2009)

Case Series

European Central Bank: Tools and Policy Actions

Intervention

Account Guarantee Scheme

Additional Information

In accordance with the Paris summit declaration, as confirmed by the European Council of 15 and 16 October 2008, the Governing Council of the European Central Bank (ECB) has considered the appropriate framework for the granting of government guarantees on bank debt issuance, and agreed on the following recommendations:

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