European Central Bank @ecb@respublicae.eu

R to @ecb: @Isabel_Schnabel’s Interview in der @SZ auf Deutsch https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in231222~87559dac9a.de.html

🐦🔗: https://nitter.cz/ecb/status/1738183290538869098#m

[2023-12-22 13:02 UTC]

RT by @ecb: 2023 has been a year of constant challenge and continuous change.

As we look forward to the festive season, I wish you all a joyful holiday and a good start to 2024!

🐦🔗: https://nitter.cz/Lagarde/status/1738122216557236734#m

[2023-12-22 09:00 UTC]

Supervisory Board Chair Andrea Enria finishes his five-year term at the end of 2023. We recently held a farewell event to pay tribute to his work and wish him all the best for the future.

🐦🔗: https://nitter.cz/ecb/status/1737835314130084074#m

[2023-12-21 14:00 UTC]

Current interest rates will help bring inflation down to 2% if sustained for long enough, Vice-President Luis de Guindos tells 20 minutos.
Despite favourable data, it’s still too early for us to ease our monetary policy.
https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in231221~65b3a3b19b.en.html

🐦🔗: https://nitter.cz/ecb/status/1737737897749757971#m

[2023-12-21 07:32 UTC]

Significance Assessment: 2023 at a glance – moving to 2024
https://www.bankingsupervision.europa.eu/press/publications/significance-assessment/pdf/ssm.sar2023.en.pdf?50d53878e5eb79b7cd54d41f0b4648f8
(publication).
See which banks were classified as significant institutions under our direct supervision, and the reasons for changes in significance status.

🐦🔗: https://nitter.cz/ecb/status/1737760313062137976#m

[2023-12-21 09:01 UTC]

🧵In a seminar
https://nitter.cz/ESRIDublin
, Chief Economist Philip R. Lane discusses the outlook for the euro area.
Below are charts from his presentation showing data on headline inflation, compensation per employee and wages.
His complete slide deck is available here
https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp231220~8574687d5d.en.pdf?26de415a433382718a3d1bf8efd94e82

🐦🔗: https://nitter.cz/ecb/status/1737512672768205084#m

[2023-12-20 16:37 UTC]

R to @ecb: Lane: The November flash estimate for inflation came in substantially lower than expected.

Headline inflation fell to 2.4 per cent from 2.9 per cent in October.

All of the main components of HICP contributed to the decline

2/3

🐦🔗: https://nitter.cz/ecb/status/1737512961160159610#m

[2023-12-20 16:39 UTC]

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]