European Central Bank @ecb@respublicae.eu
Unofficial automated mirror. No copyright asserted. ∎ The European Central Bank is the central bank for Europe's single currency, the euro. Its main task is to maintain the euro's purchasing power.
Joined Apr 2022
Securitisations of non-performing assets reached a record high in 2021. We monitor transactions to ensure that they are robustly structured, limiting potential danger to the banks. Read more in the Supervision Newsletter https://www.bankingsupervision.europa.eu/press/supervisory-newsletters/html/index.en.html?utm_source=ecb_Twitter&utm_campaign=220518_basu_newsletter_May_2022
Crypto-assets are highly risky.
Yet interest in them has grown, with connections with the finance industry increasing. If this continues, crypto-assets will pose a risk to financial stability.
Read why in a preview of our Financial Stability Review https://www.ecb.europa.eu/pub/financial-stability/fsr/special/html/ecb.fsrart202205_02~1cc6b111b4.en.html?utm_source=twitter&utm_medium=social&utm_campaign=fsrmay2022_PR2
McCaul/Fernandez-Bollo: Anti-money laundering authorities and banking supervisors need to work closely with one another. With legislators setting up a new European framework, we now have a unique opportunity to boost much-needed collaboration
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🧵 Money laundering and terrorist financing issues pose a serious challenge to the sound management of banks, say Supervisory Board members Elizabeth McCaul and Edouard Fernandez-Bollo in their joint contribution to The Supervision Blog https://www.bankingsupervision.europa.eu/press/blog/2022/html/ssm.blog220524~8e08209118.en.html
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RT @Lagarde: Watch live ⬇️ from 08:45 CET: I’ll be speaking to @flacqua on @bloombergtv about inflation, the @ecb’s monetary policy, and the challenges and opportunities for Europe today.
RT @FrankElderson: Great insights in the @ecb’s Financial Stability Review of where the financial system stands in incorporating climate risks. Some progress has been made, but we’ve still a long way to go. Below are some key points – you can read more here https://www.ecb.europa.eu/pub/financial-stability/fsr/special/html/ecb.fsrart202205_01~9d4ae00a92.en.html?utm_source=FEtwitter&utm_medium=social&utm_campaign=fsrmay2022_PR1 1/4
Financial markets are becoming more aware of climate-related risks as firms get better at disclosing their exposures, our latest Financial Stability Review finds. But the risk of greenwashing is still a concern, one which may be increasing. Read more https://www.ecb.europa.eu/pub/financial-stability/fsr/special/html/ecb.fsrart202205_01~9d4ae00a92.en.html?utm_source=twitter&utm_medium=social&utm_campaign=fsrmay2022_PR1
We looked at 99 banks and found that 70% of them must exchange initial margin for over-the-counter derivative trading by September 2022. We will work with them to make the process prudent, efficient and transparent. Read more in the Supervision Newsletter https://www.bankingsupervision.europa.eu/press/supervisory-newsletters/html/index.en.html?utm_source=ecb_Twitter&utm_campaign=220518_basu_newsletter_May_2022
RT @Lagarde: It was a pleasure to talk with young Europeans on @collegetour_NL. Their curiosity was remarkable, and I very much enjoyed the wide range of topics we discussed.
Bedankt @Twan_Huys for having me on your show!
Watch the full interview https://www.npostart.nl/college-tour/22-05-2022/KN_1729332
RT @Lagarde: As the caretaker of the euro, we @ecb want to keep an open dialogue with the people we serve.
I had the pleasure to answer students' questions about inflation, the war in Ukraine and my career.
Watch the @collegetour_nl episode at 20:20 CET on the Dutch TV channel NPO2.
RT @Isabel_Schnabel: I really enjoyed meeting students at #LiebfrauenschuleBonn. Thanks for the great discussion about the @ecb, high inflation and what we can do to tackle it. #ourECB https://t.co/FFScgfUnnP
Smaller banks face issues that are similar to but more pronounced than those of their larger peers: boards are not diverse enough and have too few independent board members.
Read about this and more in the Supervision Newsletter https://www.bankingsupervision.europa.eu/press/supervisory-newsletters/html/index.en.html?utm_source=ecb_Twitter&utm_campaign=220518_basu_newsletter_May_2022
Banks generally have enough capital to weather the immediate effects of the war in Ukraine, but some are vulnerable if their specific economic circumstances change for the worse. Read about this and more in the Supervision Newsletter https://www.bankingsupervision.europa.eu/press/supervisory-newsletters/html/index.en.html?utm_source=ecb_Twitter&utm_campaign=220518_basu_newsletter_May_2022
Working Paper: The double materiality of climate physical and transition risks in the euro area https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2665~622858d454.en.pdf?d29408906ea04274666628f9faefce0d
If interest rates rise, as most forecasts predict, it will probably be positive for banks provided there is economic growth, says Supervisory Board member Kerstin af Jochnick. But higher interest rates would also hit banks’ borrowers in some sectors https://www.bankingsupervision.europa.eu/press/interviews/date/2022/html/ssm.in220520~15d88e2fb6.en.html
Amid global inflationary pressures and risks to growth, we are walking a narrow path as we strive to deliver on our mandate, says Vice-President Luis de Guindos. Normalising monetary policy will require us to move gradually and with caution. Full speech https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220519~d262d1ba32.en.html?utm_source=ecb_Twitter&utm_campaign=220519_speech_LDG
Occasional Paper: Costs of retail payments – an overview of recent national studies in Europe https://www.ecb.europa.eu/pub/pdf/scpops/ecb.op294~8ac480631a.en.pdf?4f9a5f1d72bc7a7824e2b74945951cd6
Working Paper: The rise of bond financing in Europe https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2663~06c26039e0.en.pdf?0ebceffb23fd48f1bb8a22ca49e2477c
Working Paper: The rise in the cross-sectoral dispersion of earnings expectations during COVID-19 https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2664~f33fae7469.en.pdf?cd4c260ad37bfafe44bdfaf732eef541
Account of the monetary policy meeting of the Governing Council of the ECB on 13-14 April 2022 https://www.ecb.europa.eu/press/accounts/2022/html/ecb.mg220519~c9200dba08.en.html
Unofficial automated mirror. No copyright asserted. ∎ The European Central Bank is the central bank for Europe's single currency, the euro. Its main task is to maintain the euro's purchasing power.
Joined Apr 2022
