The published report on collateral eligibility requirements is an excellent example of what can be achieved through a forum such as COGESI, also when it cooperates with another ECB contact group in a related field, the MMCG. The report contributes to a relevant and topical discussion on the availability of collateral, and its use in both central bank operations and private repo markets.
As a system of central banks that implements monetary policy and ensures adequate intraday liquidity by providing collateralised lending, the Eurosystem is itself a large collateral receiver and is very much affected in its core activities by collateral availability in the financial system.