Search Results for: European Central Bank

December 27, 2023 @ 10:24 pm By Omar Faridi  |  

The European Central Bank (ECB) and the European Systemic Risk Board (ESRB) published a joint report on the impact of climate change on the European Union (EU) financial system. The report sets out detailed frameworks for “addressing risk to the financial system by (i) gathering… Read More

December 12, 2023 @ 8:07 am By Omar Faridi  |  

The European Central Bank (ECB) has shared its latest Consumer Expectations Survey results. As noted in an update posted by the ECB, when compared with September 2023: median consumer inflation expectations for the next 12 months and for three years ahead remained unchanged; expectations for… Read More

November 26, 2023 @ 10:13 am By Omar Faridi  |  

European Central Bank President Christine Lagarde is known for her anti-crypto stance, referring to virtual currencies as being highly speculative, completely worthless, and often used as a tool by bad actors/criminals for engaging in illicit activities. Recently, the ECB President Christine Lagarde claimed that her… Read More

October 26, 2023 @ 9:15 am By JD Alois  |  

The Governing Council of the European Central Bank (ECB) has decided to hold rates steady today. The Council indicated that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at… Read More

May 31, 2023 @ 11:45 pm By Omar Faridi  |  

The European Central Bank (ECB) has published its card fraud report, which is “based on information provided by 20 card payment scheme operators.” Card fraud in 2021 “continued its downward trend, falling to its lowest level since data collection began.” It reportedly “constituted 0.028% of… Read More

May 4, 2023 @ 9:36 am By JD Alois  |  

  The European Central Bank (ECB) has increased its benchmark rate by 25 basis points following a similar move by the US Federal Reserve. In a statement, the ECB said the inflation remains elevated, and the Governing Council concurs with its prior assessment of the… Read More

March 16, 2023 @ 9:22 am By JD Alois  |  

Pointing at persistent inflation, the European Central Bank (ECB) has increased benchmark rates by 50 BPS. The Governing Council of the ECB said it decided to raise the three key interest rates by 50 basis points. Accordingly, the interest rate on the main refinancing operations… Read More

December 5, 2022 @ 11:21 am By Omar Faridi  |  

The Governing Council of the European Central Bank has reportedly decided to reschedule the launch of the Eurosystem Collateral Management System (ECMS) from 20 November 2023 to 8 April 2024. This decision was “taken to mitigate the impact of the rescheduled launch of T2, the… Read More

September 8, 2022 @ 8:53 am By JD Alois  |  

The European Central Bank (ECB) announced an interest rate increase of 75 basis points – matching the US Federal Reserves’ last bump – as it targets a 2% rate of inflation. The rate increase was the largest ever in the history of the ECB. The… Read More

May 24, 2022 @ 8:43 am By JD Alois  |  

Contagion is a scary term. Systemic risk is its friendlier sibling but both raise eyebrows. Today, the European Central Bank (ECB) is bringing attention to the possibility of crypto contagion as interest grows in digital assets and recent events highlight the ability for a rapid… Read More

February 24, 2022 @ 9:05 am By JD Alois  |  

Squirro, an “Augmented Intelligence solutions provider,” has been awarded a contract with the European Central Bank (ECB) to provide insights into risk and the countries that have adopted the Euro. Squirro notes that it is already working with the German Bundesbank and the Bank of… Read More

December 20, 2021 @ 11:41 pm By Omar Faridi  |  

The European Central Bank (ECB) has published an action plan to address the recommendations of an independent review “mandated by the ECB’s Governing Council in November 2020, following the five major incidents that affected TARGET2 and TARGET2 Securities in 2020.” The update from the ECB… Read More

December 2, 2021 @ 8:47 am By Omar Faridi  |  

Prospective users of the forthcoming large-value payment system T2 are able to begin testing the functionalities of the system as of December 1, 2021. The testing is scheduled to run over the coming year and will “allow participants to prepare for a smooth migration to… Read More

February 24, 2021 @ 1:05 am By Omar Faridi  |  

After a proposal from the Bank of Lithuania, the European Central Bank (ECB) has reportedly issued a specialized banking license to the Lithuanian capital company UAB SME Digital Financing. It’s now expected that after acquiring such a permit, UAB SME Digital Financing will begin accepting… Read More

August 28, 2020 @ 8:03 am By Omar Faridi  |  

The European Central Bank (ECB), the reserve bank of the Eurozone, which is a monetary union of 19 EU member states which employ the Euro, has noted that there doesn’t seem to be an EU challenger that’s capable of matching the capabilities of Big Tech… Read More

June 26, 2020 @ 2:44 pm By Samantha Hurst  |  

Memo Bank, a France-based independent banking group, announced earlier this week it has been authorized by the European Central Bank (ECB) and the French banking authorities (ACPR) to launch their banking services. Founded in 2017, Memo Bank states it is on a mission to provide… Read More

March 19, 2020 @ 8:10 am By JD Alois  |  

The European Central Bank (ECB) Governing Council has announced a €750 billion bailout package to mitigate the economic impact of the Coronavirus or COVID-19. The ECB decided to: To launch a new temporary asset purchase programme of private and public sector securities to counter the… Read More

February 6, 2020 @ 10:29 am By Omar Faridi  |  

The European Central Bank (ECB) has partnered with Reply, a platform focused on digital innovation, in order to offer a 48-hour coding marathon, which will focus on teaching participants how to apply the latest artificial intelligence (AI) and machine learning (ML) algorithms. The marathon is… Read More

January 6, 2020 @ 2:25 pm By JD Alois  |  

CBDCs Could Disintermediate in a Structural Way the Banking System. The European Central Bank (ECB) has published a paper on Central Bank Digital Currencies (CBDCs).  CBDCs are the state form of stablecoins – cryptocurrency based off a single asset like the Dollar, Euro or Pound… Read More

December 4, 2019 @ 7:47 pm By Cali Haan  |  

The former president of the European Central Bank, Jean-Claude Trichet, told an audience at Caixin’s conference in Beijing last month that he doesn’t think cryptocurrencies should replace standard ones, South China Morning Post reports. “I have great doubts of keeping control of monetary value in… Read More