European Central Bank @ecb@respublicae.eu

R to @ecb: Lane: Lower profits are beginning to absorb some of the inflationary effects coming from wage increases.

However, forward-looking wage trackers generally continue to signal still-high pressures

3/3

🐦🔗: https://nitter.cz/ecb/status/1737513115053391976#m

[2023-12-20 16:39 UTC]

How did the euro area current account balance evolve in October? 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.bp231220~4022215e42.en.html

🐦🔗: https://nitter.cz/ecb/status/1737398002766037499#m

[2023-12-20 09:02 UTC]

Supervisory Board Chair Andrea Enria: we have recently seen some banks exiting from Russia. This comes at a cost, but it is possible. We invite banks to consider this avenue as much as they can.

🐦🔗: https://nitter.cz/ecb/status/1737044327522545744#m

[2023-12-19 09:36 UTC]

Supervisory Board Chair Enria: there was a rapid shift in the interest rate environment. Asset quality is already starting to deteriorate, but it has not yet fully materialised. Difficulties for borrowers come with a time lag.

🐦🔗: https://nitter.cz/ecb/status/1737048803356643539#m

[2023-12-19 09:54 UTC]

Supervisory Board Chair Enria: Banks have not yet proven that the increase of their profitability is here to stay. It's here to stay for banks that are very effective in improving their cost efficiency, embracing digital transformation or refocusing their business model.

🐦🔗: https://nitter.cz/ecb/status/1737050049547313521#m

[2023-12-19 09:59 UTC]

Enria: there are more lessons to draw from the March turmoil for supervisors than regulators. It would be wrong to calibrate liquidity regulations for extreme business models like SVB. As supervisors we identify particularly fragile banks and intervene with supervisory measures.

🐦🔗: https://nitter.cz/ecb/status/1737051534632878092#m

[2023-12-19 10:05 UTC]

The overall SREP score is broadly stable at 2.6 (in a range of 1 to 4), with Pillar 2 requirements for Common Equity Tier 1 capital set at 1.2% on average.
While 70% of banks had the same score as in 2022, 14% scored worse and 15% better.
Press release
https://www.bankingsupervision.europa.eu/press/pr/date/2023/html/ssm.pr231219~e35067c504.en.html

🐦🔗: https://nitter.cz/ecb/status/1737027918507770255#m

[2023-12-19 08:31 UTC]

Watch live from 10:00 CET: In his final press conference as Supervisory Board Chair, Andrea Enria will present the results of the 2023 Supervisory Review and Evaluation Process, as well as the supervisory priorities for the next three years.
https://nitter.cz/i/broadcasts/1zqKVqnkYXwxB

🐦🔗: https://nitter.cz/ecb/status/1737032521127207295#m

[2023-12-19 08:50 UTC]

Risks and uncertainties are weighing on the current economic outlook.
Banks will need to address the challenges of tighter financing conditions, persistently high inflation and ongoing geopolitical tensions
https://www.bankingsupervision.europa.eu/press/speeches/date/2023/html/ssm.sp231219~421bbae836.en.html

🐦🔗: https://nitter.cz/ecb/status/1737036912001446138#m

[2023-12-19 09:07 UTC]

Emerging downside risks, including credit risk and fair value losses, are also reflected in the subdued market valuations of euro area banks.
This shows that investors are still sceptical about the long-term sustainability of banks’ elevated earnings
https://www.bankingsupervision.europa.eu/press/speeches/date/2023/html/ssm.sp231219~421bbae836.en.html

🐦🔗: https://nitter.cz/ecb/status/1737037537443471829#m

[2023-12-19 09:09 UTC]

European banks have solid capital and liquidity positions and improved profitability, the 2023 SREP results show.
At the same time, they need to step up in areas like risk management and governance
https://www.bankingsupervision.europa.eu/press/speeches/date/2023/html/ssm.sp231219~421bbae836.en.html

🐦🔗: https://nitter.cz/ecb/status/1737038495368049108#m

[2023-12-19 09:13 UTC]

The 2023 SREP results are broadly stable compared to 2022, and the average overall score is unchanged. The share of banks receiving the worst score has decreased, reflecting improvements in their business models and profitability risk, and capital adequacy
https://www.bankingsupervision.europa.eu/press/speeches/date/2023/html/ssm.sp231219~421bbae836.en.html

🐦🔗: https://nitter.cz/ecb/status/1737038763463758118#m

[2023-12-19 09:14 UTC]

We’ve kept capital requirements for Europe’s biggest banks fairly steady for 2024.
Our qualitative measures are primarily targeting areas such as internal governance, credit risk management and capital adequacy
https://www.bankingsupervision.europa.eu/press/speeches/date/2023/html/ssm.sp231219~421bbae836.en.html

🐦🔗: https://nitter.cz/ecb/status/1737039417032753283#m

[2023-12-19 09:17 UTC]

The results of the 2023 Supervisory Review and Evaluation Process feed into the supervisory priorities and risk assessment for 2024-26.
The priorities focus on strengthening banks’ resilience to immediate macro-financial and geopolitical shocks
https://www.bankingsupervision.europa.eu/press/speeches/date/2023/html/ssm.sp231219~421bbae836.en.html

🐦🔗: https://nitter.cz/ecb/status/1737040081498615857#m

[2023-12-19 09:20 UTC]

On the agenda of our conference on fiscal policy and EMU governance later today: Executive Board member
https://nitter.cz/Isabel_Schnabel
introduces keynote speaker Olivier Blanchard at 14:30 CET, and her colleague Philip R. Lane chairs a panel at 16:00 CET
Register here
https://www.ecb.europa.eu/pub/conferences/html/20231218_6th_fiscal_policy_conference.en.html

🐦🔗: https://nitter.cz/ecb/status/1736725594442756102#m

[2023-12-18 12:30 UTC]

We’re redesigning euro banknotes!
How did we select the possible themes? What will the new banknotes look like? And when can you start paying with them?
Learn more
https://www.ecb.europa.eu/euro/banknotes/future_banknotes/redesign/html/index.en.html#:~:text=The%20Governing%20Council%20is%20expected,end%20up%20in%20our%20pockets
.

🐦🔗: https://nitter.cz/ecb/status/1736733053085495624#m

[2023-12-18 13:00 UTC]

The rise in climate-related disasters makes it harder to forecast inflation accurately. This means we face more challenges when deciding on monetary policy.
Read
https://nitter.cz/search?q=%23TheECBblog
to learn how climate change affects our work as a central bank
https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog231218~6291e67d1e.en.html

🐦🔗: https://nitter.cz/ecb/status/1736692048214770014#m

[2023-12-18 10:17 UTC]

Climate change threatens EU financial stability, finds a joint report with
https://nitter.cz/ESRBofficial
. Banks are significantly exposed to high-emitting firms and households, with climate risks underpriced and underinsured. Better monitoring can help address risks
https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr231218_1~6b3bea9532.en.html

🐦🔗: https://nitter.cz/ecb/status/1736688108232483292#m

[2023-12-18 10:01 UTC]

Coming up at 09:00: ECB Conference on fiscal policy and EMU governance. Register to follow live
https://www.ecb.europa.eu/pub/conferences/html/20231218_6th_fiscal_policy_conference.en.html

🐦🔗: https://nitter.cz/ecb/status/1736641952693502209#m

[2023-12-18 06:58 UTC]

We’ve just taken our latest monetary policy decisions, determining what’s needed to return inflation to our 2% goal in a timely manner.
Tune in to
https://nitter.cz/search?q=%23TheECBPodcast
to hear President Christine
https://nitter.cz/Lagarde
present the decisions in our press conference
https://soundcloud.com/europeancentralbank/president-lagarde-presents-the-latest-monetary-policy-decisions-14-december-2023?si=1f366d9b74854bd7884c0e4026b5ae96&utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing

🐦🔗: https://nitter.cz/ecb/status/1735323666869625317#m

[2023-12-14 15:39 UTC]