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
Panetta: A digital euro would offer a new, truly European platform for innovation. It would allow intermediaries to provide their customers with services that are instantly available across Europe
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Panetta: It should be simple for people to start using the digital euro, and there should be no need to change bank to do so.
We propose that a digital euro should be free of charge for consumers. The final decision on the regulatory framework rests with European legislators
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🧵 Europeans see the ability to pay anywhere as the most important feature of a potential digital euro, says Executive Board member Fabio Panetta. People should always have the option to use it, just like they do with cash today.
Speech https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230424_1~f44c7ac164.en.html
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RT @FrankElderson: We need to increase the uptake and efficiency of climate catastrophe insurance and create incentives to adapt to and reduce climate risks.
Natural disasters are becoming more frequent and more severe, with a big impact on our economy and financial system ⬇️
Coming up at 15:30 CET: Executive Board member Fabio Panetta speaks about how the digital euro project is progressing, before the @europarl_en Committee on Economic and Monetary Affairs.
Follow the @EP_Economics hearing live https://multimedia.europarl.europa.eu/en/webstreaming/econ-committee-meeting_20230424-1500-COMMITTEE-ECON
The EU has a climate insurance gap. Only about a quarter of losses from climate-related disasters are insured. Greater coverage could reduce the resulting economic damage.
A joint #TheECBblog post with @eiopa_europa_eu looks at how to go about this https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog.230424~4cdc3a38ba.en.html
Panetta: The EU is one of the most open economies, with significant dependencies that can turn into vulnerabilities.
It needs to defend multilateralism and revisit its growth model, balancing external orientation with domestic investment and home-grown innovation
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🧵 Closer European integration is the best response to global fragmentation, says Executive Board member Fabio Panetta at @Bruegel_org. It increases our resilience to the destabilising effects of geopolitical tensions on the economy.
Speech https://www.ecb.europa.eu//press/key/date/2023/html/ecb.sp230424~67a4af298c.en.html
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Did you know only a quarter of climate catastrophe losses in the EU are insured? Together with @eiopa_europa_eu, we’re calling for increased uptake of insurance to protect people and businesses in Europe against losses from natural disasters.
Press release https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230424~a242491813.en.html
Coming up at 11:00 CET: How should Europe position itself in an ever more fragmented and polarised world? Executive Board member Fabio Panetta discusses implications for the EU’s economic model and European integration at a @Bruegel_org event.
Follow live https://www.bruegel.org/event/integration-multilateralism-and-sovereignty-building-europe-fit-new-global-dynamics
What are climate disclosures and how are they helpful?
Check out our new #Explainer to find out why climate disclosures matter for us as a central bank and banking supervisor https://www.ecb.europa.eu/ecb/educational/explainers/html/what-are-climate-disclosures.en.html
RT @FrankElderson: Climate disclosures mean we can all make more informed decisions. At the @ecb, we also publish information on our own carbon footprint and how we plan to reduce it.
But what e…
Coming up from 19:30 CET: Vice-President Luis de Guindos will speak about the economic outlook and financial stability in the euro area at an event organised by @cemad_es in Madrid.
Follow his speech in Spanish https://www.youtube.com/watch?v=UOBj4eGthxM
Shocks resulting from the climate crisis are felt by our economy, says Executive Board member @FrankElderson at @PIIE. As a central bank and banking supervisor, we therefore cannot ignore climate and environmental factors, and have to take them into account in our work.
RT @FrankElderson: At the @ecb we are climate and environmental policy takers, not policymakers. We take climate and environmental factors into account in our work to deliver on our supervisory and…
Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)
https://www.ecb.europa.eu/press/govcdec/otherdec/2023/html/ecb.gc230421~b3a08f4ec4.en.html
RT @FrankElderson: Follow live from 16:30 CET: Looking forward to speaking at @PIIE about the importance of taking climate-related and environmental factors into account in our monetary policy and banking supervision activities https://www.piie.com/events/accounting-climate-change-within-central-bank-and-banking-supervision-mandates
Euro money market statistics and the €STR: Expansion of reporting population https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230421~da0ea51457.en.html
What are climate disclosures and how are they helpful?
Check out our new #Explainer to find out why climate disclosures matter for us as a central bank and banking supervisor https://www.ecb.europa.eu/ecb/educational/explainers/html/what-are-climate-disclosures.en.html
RT @FrankElderson: We've published our third assessment of the progress European banks have made on disclosing climate and environmental risks.
As banking supervisors, we'll take appropriate supervisory action if necessary to ensure banks comply with stricter disclosure standards ⬇️
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
