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Remarks published by the Bank for International Settlements describe the ECB’s enhanced EUREP facility and its complementarity with swap lines. EUREP offers onboarded foreign central banks backstop euro loans against high-quality euro-denominated collateral, with access from the fourth quarter of 2026 and a maximum line of €50 billion per central bank. The speaker expects support for euro bond liquidity, financial integration and international euro use. These are personal views; the source provides no quantified forecasts, detailed pricing spread or evidence of actual drawings.