Decisión (UE) 2017/2199 del Banco Central Europeo, de 20 de noviembre de 2017, por la que se modifica la Decisión BCE/2014/40 sobre la ejecución del tercer programa de adquisiciones de bonos garantizados (BCE/2017/37)
Enforcement date: | February 01, 2018 |
Section | Decision |
Issuing Organization | Banco Central Europeo |
28.11.2017 ES Diario Oficial de la Unión Europea L 312/92
EL CONSEJO DE GOBIERNO DEL BANCO CENTRAL EUROPEO,
Visto el Tratado de Funcionamiento de la Unión Europea, en particular el artículo 127, apartado 2, primer guion,
Vistos los Estatutos del Sistema Europeo de Bancos Centrales y del Banco Central Europeo, en particular el artículo 12.1, segundo párrafo, en relación con el artículo 3.1, primer guion, así como el artículo 18.1,
Considerando lo siguiente:
(1) La Decisión BCE/2014/40 (1) creó el tercer programa de adquisiciones de bonos garantizados (en lo sucesivo, «tercer programa»). Junto al programa de adquisiciones de bonos de titulización de activos, el programa de compras de valores públicos en mercados secundarios, y el programa de compras de bonos corporativos, el tercer programa constituye el programa ampliado de adquisiciones de activos (en lo sucesivo, «PAA»). El PAA pretende mejorar la transmisión de la política monetaria, facilitar la concesión de crédito a la economía de la zona del euro y las condiciones de los préstamos para los hogares y las empresas, y contribuir a devolver las tasas de inflación a niveles inferiores pero próximos al 2 % a medio plazo, de conformidad con el objetivo principal del Banco Central Europeo (BCE) de mantener la estabilidad de precios.
(2) El 4 de octubre de 2017 el Consejo de Gobierno decidió precisar mejor las normas que determinan la admisibilidad, para su adquisición conforme al tercer programa, de los bonos garantizados comúnmente conocidos como bonos garantizados con amortización condicional por traspaso de cobros («conditional pass-throug»), dado que exponen al Eurosistema a riegos potencialmente más elevados.
(3) Debe modificarse en...
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