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
Watch again: Executive Board member Fabio Panetta speaks at the @europarl_en Committee on Economic and Monetary Affairs about why we need a digital euro.
RT @BIS_org: The #BISInnovationHub upcoming Eurosystem Centre will lead projects in quantum cryptography, cryptocurrency markets intelligence and climate disclosure transparency. The HK Centre starts a new retail #CBDC investigation and phase 2 of Project Genesis. https://www.bis.org/press/p220617.htm
Panetta: We are exploring the possible introduction of a digital euro and implementing our retail payments strategy.
We will step up our interaction with the private sector.
Combining our strengths remains the best way to modern, efficient and inclusive European payments.
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Panetta: We should roll out instant payments and make them the new normal.
And we must build a truly European market with unified solutions for card and mobile payments, which are becoming increasingly popular among consumers.
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🧵To meet the new challenges we face, we need the same public-private cooperation that has been the hallmark of our success in building the European payments market over the last 20 years, says Executive Board member Fabio Panetta at @epc_sepa.
https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220616~9f8d1e277b.en.html
What is inflation, what does it have to do with the war in Ukraine and what can the ECB do about it?
Executive Board member @Isabel_Schnabel answered these and other questions from Amina and Leana in an interview for @Dein_Spiegel.
Read the interview https://www.ecb.europa.eu/press/inter/date/2022/html/ecb.in220616_1~84c741b1fb.en.html
Fragmentation – or the impaired transmission of monetary policy – has always been a concern for us, says Vice-President Luis de Guindos. Markets should have no doubts about how determined we are to address this issue https://www.ecb.europa.eu/press/inter/date/2022/html/ecb.in220616~a25cc9df1e.en.html
You can watch Executive Board member Fabio Panetta discussing the ongoing work on a digital euro at the European Parliament’s Committee on Economic and Monetary Affairs @EP_Economics https://multimedia.europarl.europa.eu/en/webstreaming/committee-on-economic-and-monetary-affairs_20220615-1515-COMMITTEE-ECON
RT @ecb: Coming up at 15:15 CET: Executive Board member Fabio Panetta will speak about progress on the digital euro project at the Eur…
Press release: Statement after the ad hoc meeting of the ECB Governing Council https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr220615~2aa3900e0a.en.html
The #SRBECB2022 conference kicks off in a week’s time.
The theme of this year’s event is “The test of time: banking union a decade on”. Watch it live on 23 and 24 June – check out the programme here https://www.bankingsupervision.europa.eu/press/conferences/html/20220623_SRB_and_ECB_joint_conference.en.html
Panetta: We will design the digital euro in a way that makes it attractive to users, who would like to use it to pay anywhere.
We will strive for the highest standards of privacy and aim to contribute to financial inclusion and foster digital innovation
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Panetta: Having digital money issued by the central bank and available to everyone will avoid confusion about what digital money is and what it is not.
Unbacked crypto-assets, for example, cannot perform the functions of money, while stablecoins are vulnerable to runs
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🧵 A digital euro would respond to the demand for digitalisation and provide an anchor of stability in the world of digital finance, says Executive Board member Fabio Panetta.
Speech https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220615~0b859eb8bc.en.html
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Panetta: We would pay close attention to financial stability and preserving a diverse and vibrant ecosystem, without impairing monetary policy transmission.
It is possible to design a digital euro with effective tools to prevent it from being used as a form of investment
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Coming up at 15:15 CET: Executive Board member Fabio Panetta will speak about progress on the digital euro project at the European Parliament’s Committee on Economic and Monetary Affairs @EP_Economics.
Press release: Statement after the ad hoc meeting of the ECB Governing Council https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr220615~2aa3900e0a.en.html
The #digitaleuro must meet European citizens’ needs while also addressing their concerns about privacy and financial exclusion. We spoke with civil society organisations about how to do this.
Watch here https://www.youtube.com/watch?v=FwIYtUS-ijQ
Research Bulletin: Europe’s growing league of small corporate bond issuers - new players, different game dynamics https://www.ecb.europa.eu/pub/economic-research/resbull/2022/html/ecb.rb220615~b69a5f0ce5.en.html
We won’t tolerate changes in financing conditions that are not fundamentally justified and that threaten monetary policy transmission, says @Isabel_Schnabel at @SorbonneParis1. By countering fragmentation, monetary policy contributes to European unity
https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220614~67eda62c44.en.html
Banking and capital markets will have to help manage the investment needed for the green and digital transition, says Supervisory Board member Elizabeth McCaul. Securitisation could play an important role as a bridge between banks and capital markets https://www.bankingsupervision.europa.eu/press/speeches/date/2022/html/ssm.sp220614_1~df3feb220d.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
