(2)The CSPP was established by Decision (EU) 2016/948 of the European Central Bank (ECB/2016/16) 1 . It contains a number of safeguards to ensure that the purchases and holding of corporate bonds will be proportionate to its aims. These safeguards should also ensure that related financial risks are taken into account in the CSPP’s, and therefore also the PEPP’s, design and should reflect risk management perspectives.
Recital 2
- 1 Decision (EU) 2016/948 of the European Central Bank of 1 June 2016 on the implementation of the corporate sector purchase programme (ECB/2016/16) ( OJ L 157, 15.6.2016, p. 28 ). ↩