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
President Christine @Lagarde looks back at 25 years of commitment to price stability and working for a better Europe, and explores what might lie ahead.
Listen to this special episode of #TheECBPodcast https://pod.link/1481819425/episode/b84a10e91669aa651b97004cfa9c5e28
RT @Lagarde: It is a pleasure to celebrate the ECB’s 25th anniversary together with my predecessors Jean-Claude Trichet and Mario Draghi. https://t.co/WIpQhKwKxA
In times of change in both Europe and the world, the euro has offered us stability, sovereignty and solidarity, says President @Lagarde. It is up to all of us, as Europeans, to write the next chapter in the euro’s story.
Read the speech https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230524~4e026cefbc.en.html
The ECB turns 25. This evening, we invite distinguished guests from across Europe to celebrate our anniversary with us in Frankfurt.
Join us online at 19:45 CET https://youtube.com/live/ztI0LWL2cqQ
The euro is more than a currency, says President Christine Lagarde. It’s a symbol of European integration and stands for a united Europe that works together. We’ll always be a cornerstone of that effort and an anchor of stability.
Read #TheECBblog https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog.230524~ed0f2638c1.en.html
Panetta on Europe’s future progress: If we, as Europeans, want to continue to play a role on the world stage, we need to act together.
A European fiscal policy that complements our monetary policy would help us avoid many tensions and imbalances.
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Panetta on privacy and a digital euro: the ECB wouldn’t have access to personal data.
For financial intermediaries distributing a digital euro, the legislator would strike a balance between ensuring data confidentiality and combating money laundering and terrorist financing
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Panetta on payments and a digital euro: a digital euro would provide a platform for European financial intermediaries to offer innovative payment services across the entire euro area. This would foster competition and innovation
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🧵 To safeguard financial stability, we need to keep central bank money at the heart of the financial system, Executive Board member Fabio Panetta tells @LesEchos. A digital euro would allow Europeans to pay anywhere in the euro area free of charge.
https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230524~c2d729b46a.en.html
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We must remain alert, agile and data-dependent, says Chief Economist Philip R. Lane on the @EconoFactOrg podcast. The episode looks at inflation, monetary policy, and more.
Listen https://lnkd.in/dPsutdH5
We’ve now published our final guide on assessing buyers seeking a 10% or more stake in a bank. Our aim is to clarify our supervisory actions and to support applicants intending to acquire such a holding.
Read the Guide to qualifying holding procedures https://www.bankingsupervision.europa.eu/press/pr/date/2023/html/ssm.pr230523~7cc921b75d.en.html
How did euro area current account balance evolve in March? 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/2023/html/ecb.bp230523~67a1665a8c.en.html
The role of non-banks in financing the economy is growing and this entails bigger risks for the financial system, says Vice-President Luis de Guindos. A more comprehensive macroprudential framework would ensure non-banks are more resilient.
Read more https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230523~22f6621da7.en.html
RT @FrankElderson: It was a great pleasure to give a lecture today at Utrecht University. I talked about the challenges arising from the climate and environmental crises, while outlining what we’re doing at the @ecb to address them.
Thanks to @UniUtrecht for the opportunity! https://t.co/7Gyq3NsXY6
Banks need diversity in their boardrooms, Supervisory Board member Anneli Tuominen tells Expansión. Complementary skills, specialist knowledge, quality debates and the best possible data are crucial for effective management.
Banks should improve their early-stage client analysis and their monitoring of forborne exposures. They should also work towards ensuring they always grant the most appropriate and sustainable forbearance measures.
Read our Supervision Newsletter https://www.bankingsupervision.europa.eu/press/publications/newsletter/2023/html/ssm.nl230517_1.en.html?utm_source=ecb_twitter&utm_medium=social&utm_campaign=230517_basu_newsletter_may_2023&utm_term=Forbearance%3A+banks+need+to+gear+up
Some banks have made good progress on digitalisation, but bringing together all elements of the digital transformation can be difficult. ECB inspections confirm that clearly defined goals help banks navigate the digital transition more effectively https://www.bankingsupervision.europa.eu/press/publications/newsletter/2023/html/ssm.nl230517_3.en.html
Slides by @Isabel_Schnabel: Monetary and financial stability – can they be separated? https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp20230519_annex~abdfdcad07.en.pdf
Monetary and financial stability can be separated if the main concern is liquidity rather than solvency, says Executive Board member @Isabel_Schnabel.
A well-regulated financial sector enables central banks to focus on their price stability mandate https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230519~de2f790b1c.en.html
RT @Isabel_Schnabel: Looking forward to tomorrow's conference on financial stability and monetary policy in honour of Charles Goodhart. I will give a speech on "Monetary and financial stability – can they be separated?" and will then join the great panel below. Join the livestream for the panel! https://t.co/N5Guvuk8bb
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
