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Oleg Reichmann

Risk Management

Division

Risk Strategy

Current Position

Senior Financial Risk Expert

Email

oleg.reichmann@ecb.europa.eu

2 May 2025
ECONOMIC BULLETIN - BOX
Introducing statistical in-house credit assessment systems (S-ICASs) as an additional source of credit assessments under the general collateral framework
Economic Bulletin Issue 3, 2025
English
Details
Abstract
The statistical in-house credit assessment systems (S-ICASs) of the national central banks of the euro area are quantitative systems which can assess the credit quality of a large number of small and medium-sized enterprises in an automated manner. These can help broaden the set of eligible credit claims accepted as collateral in monetary policy operations. The acceptance of S-ICASs in the general collateral framework as of 2026 is based on a newly developed harmonised framework, enhancing risk efficiency, addressing level-playing-field considerations and improving crisis preparedness within the Eurosystem.
JEL Code
E58 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Central Banks and Their Policies
E61 : Macroeconomics and Monetary Economics→Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook→Policy Objectives, Policy Designs and Consistency, Policy Coordination
G01 : Financial Economics→General→Financial Crises