European Central Bank @ecb@respublicae.eu

People leading banks must have relevant, up-to-date knowledge of ICT and security risks arising from digitalisation.
Supervisors will assess expertise of banks’ management bodies in these areas, in line with our new policy, as of March 2024.
Read more
https://www.bankingsupervision.europa.eu/press/publications/newsletter/2024/html/ssm.nl240221_2.en.html

[2024-02-21 09:45 UTC]

Banks increasingly rely on outsourcing, including from providers based outside the EU.
To ensure they can operate smoothly and remain resilient, banks need to improve management of their outsourcing risks.
Read more
https://www.bankingsupervision.europa.eu/press/publications/newsletter/2024/html/ssm.nl240221.en.html

[2024-02-21 09:30 UTC]

Lack of progress on banking union is becoming more costly, says Supervisory Board Chair Claudia Buch.
In our Supervision Newsletter, she reflects on the need to advance integration to strengthen financial supervision and crisis management.
Read more
https://www.bankingsupervision.europa.eu/press/interviews/date/2024/html/ssm.in240221~6e7e9ea86c.en.html

[2024-02-21 09:15 UTC]

Supervisory Board Chair Claudia Buch reflects on the challenges banks face.
Our latest edition also covers banks’ outsourcing risks, a new policy to manage ICT and security risks, and the need for better data on environmental, social and governance
https://www.bankingsupervision.europa.eu/press/supervisory-newsletters/html/index.en.html

[2024-02-21 09:02 UTC]

To cement the resilience of our banking system, we must foster the creation of a truly integrated banking market, refine our crisis management framework and address gaps in our macroprudential framework, says Supervisory Board member Kerstin af Jochnick.
https://www.bankingsupervision.europa.eu/press/interviews/date/2024/html/ssm.in240220_2~4bebf579a2.en.html

[2024-02-20 09:54 UTC]

How did the euro area current account balance evolve in December? How does it compare with the same month a year earlier? Find out more in the press release
https://www.ecb.europa.eu/press/pr/stats/bop/2024/html/ecb.bp240220~625de75d37.en.html

[2024-02-20 09:02 UTC]

Banks with a wide variety of business models have not adequately addressed identified shortcomings, says Supervisory Board member Edouard Fernandez-Bollo.
To do so effectively, they should build on standards tailored to their specific situations
https://www.bankingsupervision.europa.eu/press/interviews/date/2024/html/ssm.in240220_1~36eeb144c5.en.html

[2024-02-20 08:30 UTC]

The impact of a disorderly transition on carbon-intensive sectors poses challenges for banks and the economy, says Supervisory Board member Edouard Fernandez-Bollo.
Banks must speed up efforts to implement their climate and environmental risk strategies
https://www.bankingsupervision.europa.eu/press/interviews/date/2024/html/ssm.in240220~e5cde4c874.en.html

[2024-02-20 08:20 UTC]

We need to be able to deal more effectively with the failure of smaller and mid-sized banks, says Supervisory Board member Anneli Tuominen.
The crisis management and deposit insurance proposal is a welcome step in the right direction
https://www.bankingsupervision.europa.eu/press/interviews/date/2024/html/ssm.in240220_4~587cc11dd1.en.html

[2024-02-20 08:10 UTC]

Cross-border cyber risks are on the rise, says Supervisory Board member Anneli Tuominen. The Digital Operational Resilience Act (DORA) aims to keep banks resilient in the face of these risks.
https://www.bankingsupervision.europa.eu/press/interviews/date/2024/html/ssm.in240220_3~243251dfe9.en.html

[2024-02-20 08:02 UTC]

R to @ecb: Read #TheECBblog https://www.ecb.europa.eu/press/blog/date/2024/html/ecb.blog20240219~ccb1e8320e.en.html

[2024-02-19 15:01 UTC]

A digital euro will be designed for making payments, not for investment, explain Ulrich Bindseil, Jürgen Schaaf and Executive Board member Piero Cipollone. Fears of bank customers moving large deposits from banks into the digital euro are outdated.

[2024-02-19 15:01 UTC]

A digital euro could simplify and unify how we pay digitally in Europe, online and offline, and offer new opportunities for businesses that handle payments.
Our colleague Georgina explains its benefits for companies managing payments.
Find out more
https://www.ecb.europa.eu/paym/digital_euro/html/index.en.html

[2024-02-19 13:22 UTC]

We have updated our guide to internal models following a public consultation.
The changes provide clarifications on climate-related risks, definitions of default, counterparty credit risk and default risk in the trading book
https://www.bankingsupervision.europa.eu/press/pr/date/2024/html/ssm.pr240219~8c10a7d827.en.html

[2024-02-19 09:10 UTC]

Closing the euro area’s technology gap has become more urgent than ever, says Executive Board member
http://nitter.fdn.fr/Isabel_Schnabel
. Turning from laggard to leader requires strengthening competition, boosting investment and fostering integration in the euro area.
https://www.ecb.europa.eu/press/key/date/2024/html/ecb.sp240216~df6f8d9c31.en.html

[2024-02-16 08:46 UTC]

Coming up at 09:45 CET: Executive Board member
http://nitter.fdn.fr/Isabel_Schnabel
gives an inaugural lecture at Economic and Monetary Union Laboratory (EMU Lab) at
http://nitter.fdn.fr/EUI_EU
Follow live
https://invidious.fdn.fr/watch?v=8rUsLJ34ZCI

[2024-02-16 08:07 UTC]

R to @ecb: President Christine @Lagarde's introductory statement in charts https://www.ecb.europa.eu/press/key/date/2024/html/ecb.sp24215_annex~a4d1d40da7.en.pdf

🐦🔗: http://nitter.fdn.fr/ecb/status/1758047231196717086#m

[2024-02-15 08:34 UTC]

Lagarde: The first 25 years of the euro have been a success, but our work is not done.
With a new geopolitical landscape emerging, the reasons for strengthening our common currency are stronger than ever.

🐦🔗: http://nitter.fdn.fr/ecb/status/1758046740207313063#m

[2024-02-15 08:33 UTC]

Lagarde: in recent years, we’ve
🔹Responded forcefully to the inflation surge
🔹Taken steps to incorporate climate change considerations in our monetary policy operations within our mandate
🔹Made progress in developing a digital euro that will strengthen our strategic autonomy

🐦🔗: http://nitter.fdn.fr/ecb/status/1758046513907851396#m

[2024-02-15 08:32 UTC]

Live now: President Christine
https://nitter.cz/Lagarde
speaks before the Committee on Economic and Monetary Affairs of the
https://nitter.cz/Europarl_EN
and answers questions from its members.
Follow here
https://multimedia.europarl.europa.eu/en/webstreaming/econ-committee-meeting_20240215-0900-COMMITTEE-ECON
https://nitter.cz/EP_Economics

🐦🔗: https://nitter.cz/ecb/status/1758038443588780329#m

[2024-02-15 08:00 UTC]