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
Speech Isabel Schnabel: Inflation in the euro area - causes and outlook https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220818~fb82d12ac0.en.pdf (presentation slides)
Working Paper: Counter-cyclical fiscal rules and the zero lower bound https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2715~0c67b7518e.en.pdf?1fef065b91e035399d5db93df1976bf9
Working Paper: Lower for longer under endogenous technology growth https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2714~11a4c4d96f.en.pdf?cb811bf5e11f157ccf32a84cfe1599a6
Banks should have sound risk management, strong governance and a proper risk culture if they engage in prime brokerage services.
This can help them face risks in a highly competitive and somewhat opaque business environment https://www.bankingsupervision.europa.eu/press/publications/newsletter/2022/html/ssm.nl220817_3.en.html
We have taken steps to harmonise the assessment of licensing requests for crypto-asset activities.
Supervisors will focus particularly on business models, internal governance and the experience of managers and board members https://www.bankingsupervision.europa.eu/press/publications/newsletter/2022/html/ssm.nl220817_2.en.html
As we exit “low for long” interest rates, banks are more sensitive to interest rate and credit spread risks.
The preliminary results of a targeted review show trading book-related risks to be limited, but some banking book exposures could lead to losses https://www.bankingsupervision.europa.eu/press/publications/newsletter/2022/html/ssm.nl220817_1.en.html
The euro area economy is slowing but our concerns about high inflation have not eased, Executive Board member @Isabel_Schnabel tells @Reuters.
Monetary policy normalisation will continue and will remain data-dependent to bring medium-term inflation to 2%
https://www.ecb.europa.eu/press/inter/date/2022/html/ecb.in220818~a2a774e937.en.html
The commercial real estate sector has been hit hard by the pandemic, with supervisors now assessing how banks manage the risks. We also found that banks still struggle to collect accurate climate risk data and should improve their collateral valuations https://www.bankingsupervision.europa.eu/press/publications/newsletter/2022/html/ssm.nl220817.en.html
Supervisory Board member Anneli Tuominen shares lessons for banking supervision from the war in Ukraine and reflects on the efficiency of data reporting in an interview for the Supervision Newsletter https://www.bankingsupervision.europa.eu/press/interviews/date/2022/html/ssm.in220817~62692ebbb1.en.html
What does Supervisory Board member Anneli Tuominen think we have learnt from the war in Ukraine? How can banks better manage risks in the commercial real estate sector? Are banks prepared for interest rate shocks?
Read more in the Supervision Newsletter https://www.bankingsupervision.europa.eu/press/supervisory-newsletters/html/index.en.html
Euro area investment fund statistics (Q2 2022) https://www.ecb.europa.eu/press/pr/stats/if/html/ecb.ofi2022q2~0d15e6a447.en.html
Euro area financial vehicle corporation statistics (Q2 2022) https://www.ecb.europa.eu/press/pr/stats/fvc/html/ecb.fvcs22q2~d6b3be37e0.en.html
Working paper: The certification role of the EU-wide stress testing exercises in the stock market. What can we learn from the stress tests (2014-2021)? https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2711~e75b9ceffc.en.pdf?6cc1f19d66139cb6e08d5f5cd12e50da
Working paper: Government loan guarantees, market liquidity, and lending standards https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2710~9ab4d4a645.en.pdf?68a87de13b7502fb82da3cffb5968881
In July, we raised our interest rates for the first time in 11 years. Do you know what’s behind our rate hike and what it means for you, the economy and inflation?
Want to find out more? Check out our explainer, available in 24 EU languages https://www.ecb.europa.eu/ecb/educational/explainers/tell-me-more/html/interest_rates.en.html
Working Paper: The division of spoils in a booming industry https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2709~161077075f.en.pdf
Working Paper: The relationship between central bank auctions and bill market liquidity https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2708~ee2a7bdca2.en.pdf
Today’s youth is tomorrow’s Europe.
That’s why we organise initiatives to help young people learn more about economics and central banking and to hear their views and ideas.
Find out more https://www.ecb.europa.eu/ecb/educational/youth-initiatives/html/index.en.html
Working Paper: Is the financial market driving income distribution? – An analysis of the linkage between income and wealth in Europe https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2707~94a29f204d.en.pdf?4172cc058c4f858bb5dd3eb93a77c126
Working Paper: Monetary policy transmission in segmented markets https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2706~ba900f49e8.en.pdf?2ea68aaf84df4caed97cb2a9c8986438
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
