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
Will banks be able to adapt their operations to handle what lies ahead? What can supervisors do to steer them in the right direction?
Tune in at 10:00 CET today to watch our panellists discuss these questions and more at the #SRBECB2022 conference https://www.bankingsupervision.europa.eu/press/conferences/html/20220623_SRB_and_ECB_joint_conference.en.html
Coming up at 9:30 CET: day 2 of the #SRBECB2022 conference.
➡ Speech by @kbc_group CEO Johan Thijs
➡ Panel discussion on banks’ operational resilience
➡ Speech by @SRB Chair Elke König
Follow live here https://www.bankingsupervision.europa.eu/press/conferences/html/20220623_SRB_and_ECB_joint_conference.en.html
What does the future of banking look like? And how will banks, supervisors and regulators need to adapt?
Watch our livestream at 16:30 CET today to see our panellists discuss these questions and more at the #SRBECB2022 conference https://www.bankingsupervision.europa.eu/press/conferences/html/20220623_SRB_and_ECB_joint_conference.en.html
What do the latest Eurogroup decisions mean for the future of the banking union? How can we further improve our crisis management strategies for banks?
Tune in today at 15:00 CET to watch our panellists discuss this and more at the #SRBECB2022 conference https://www.bankingsupervision.europa.eu/press/conferences/html/20220623_SRB_and_ECB_joint_conference.en.html
Enria: We cannot stand still as complex political negotiations on completing the banking union play out. That is why European banking supervision has proposed several ways to use the full potential of the legal and regulatory framework currently in place
2/2
🧵 At last week’s Eurogroup meeting, consensus on a roadmap to complete the banking union proved to be an elusive target, says Supervisory Board Chair Andrea Enria in his opening remarks at the joint #SRBECB2022 conference.
Read the speech https://www.bankingsupervision.europa.eu/press/speeches/date/2022/html/ssm.sp220623~67ad93c4f4.en.html
1/2
The latest Economic Bulletin is out!
The Bulletin presents the economic and monetary information which forms the basis for our policy decisions.
Read more https://www.ecb.europa.eu/pub/economic-bulletin/html/eb202204.en.html
Economic bulletin article: Firm debt financing structures and the transmission of shocks in the euro area https://www.ecb.europa.eu/pub/economic-bulletin/articles/2022/html/ecb.ebart202204_02~b35a8321b7.en.html
Economic bulletin box: Liquidity conditions and monetary policy operations from 9 February to 19 April 2022 https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202204_08~df980a61c6.en.html
Economic bulletin box: The impact of the Russian invasion of Ukraine on euro area activity via the uncertainty channel https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202204_02~b5e18e967d.en.html
Starting at 14:30 CET: day 1 of the #SRBECB2022 conference.
➡ Supervisory Board Chair Andrea Enria opens the conference
➡ Speech by Commissioner Mairead @McGuinnessEU
➡ Panel discussions on crisis management and the future of banking
Follow live here
https://www.bankingsupervision.europa.eu/press/conferences/html/20220623_SRB_and_ECB_joint_conference.en.html
POLL: join in the conversation at this week’s #SRBECB2022 conference! What is the biggest challenge to the resilience of banks in Europe?
🐦🔗: https://nitter.eu/ecb/status/1539533852246409217
Forecasts by experts have also worsened since earlier this year.
But they still expect inflation to drop below 2% in the second half of 2023 and growth to remain above 2%. Although uncertainty is high, current forecasts do not point to stagflation
3/3
Euro area consumers have revised their expectations for the year ahead – up for inflation and down for the economic outlook – shows a survey by the @EU_Commission.
The recent revisions are comparable to those observed in some countries during the 1970s oil embargo
2/3
🧵The war in Ukraine has worsened existing supply chain disruptions and pushed inflation higher.
The uncertain economic outlook has also triggered a debate about stagflation, a period of high inflation and no growth https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202204_05~8c2460a00d.en.html #EconomicBulletin
1/3
Firms expect increases in investment, input costs and prices during the green transition, but not so much later on, a survey shows.
Availability of clean technologies will be a challenge, along with climate change risks https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202204_04~1d4c34022a.en.html #EconomicBulletin
Our climate risk stress test has a broad, for a large part qualitative scope, says Supervisory Board Vice-Chair @FrankElderson. The results will give us a clearer picture of how well banks can analyse, assess and respond to climate-related stress https://www.bankingsupervision.europa.eu/press/speeches/date/2022/html/ssm.sp220622~057d1da501.en.html
Follow live from 9:45 CET: Supervisory Board Vice-Chair @FrankElderson talks about the roles of banks and supervisors in tackling the climate and environmental crises https://www.youtube.com/watch?v=iyLTLIjBgKw
Also read about energy price developments in and out of the pandemic in an article covering:
➡️the relationship between gas and oil prices
➡️how commodity prices affect consumer prices
➡️developments in fuel prices
Read the article https://www.ecb.europa.eu/pub/economic-bulletin/articles/2022/html/ecb.ebart202204_01~7b32d31b29.en.html #EconomicBulletin
4/4
Pressures on consumers owing to energy prices remain high, but governments’ support measures have alleviated these somewhat
3/4
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
