European Central Bank (ECB)
RBI's Subbarao highlights new ‘trilemma' facing central banks
Reserve Bank of India governor Duvvuri Subbarao says policy contribution of central banks to sustainable sovereign debt policies must be clarified to maintain independence
ECB paper finds evidence in support of exchange rate scapegoat theory
European Central Bank study shows expectations of frequent changes to structural parameters explains instability in the relationship between exchange rates and fundamentals
BoJ’s Yamaguchi warns of ‘vicious cycle’ from de-leveraging of European banks
Bank of Japan deputy governor Hirohide Yamaguchi says Japan should exercise vigilance over potential knock-on effects from introduction of higher capital ratios in Europe
Cyprus central bank pay freeze passes ECB scrutiny
European Central Bank says Cypriot public sector wage freeze does not threaten the central bank’s ability to perform its tasks independently from government
Battle for ECB executive board seat underway
Question of whether next executive board member will break tradition and come from outside the biggest European economies lingers; finance ministers yet to pick favourite from candidates
Trichet to join board of aerospace group EADS, say reports
Former European Central Bank president Jean-Claude Trichet linked to seat on board of Franco-German aerospace and defence group EADS
ECB faces pressure to take haircut on Greek debt
Institute of International Finance and International Monetary Fund discuss option of official sector involvement for Greek bondholders, as negotiations with private sector fail to reach conclusion
ECB in talks with dealers on buying inflation-linked bonds
Dealers will present their case as to why the ECB should buy linkers as well as nominal bonds in a conference call today
Interview: Gerard Hartsink
European Payments Council chairman Gerard Hartsink tells Yusuf Yassin he welcomes the decision to set end-dates for Sepa migration, but says concerns about the regulation, raised in October, remain
Hungary drops plan to merge central bank with regulator
Hungarian prime minister Viktor Orbán says planned merger between National Bank of Hungary and Hungarian Financial Supervisory Authority has been abandoned
ECB report urges progress on Sepa card payments migration
European Central Bank study says considerable effort is still needed to achieve an integrated European market for card payments
ECB paper identifies substantial shift in invoicing patterns following euro adoption
European Central Bank study shows Norway's trading partners participating in the eurozone used their own currency more frequently than before the introduction of the euro
Euro counterfeit banknote figure creeps up
Number of known fake euro banknotes hit 310,000 during in the second half of 2011, up 5% on the first half of the year
ECB and BoE join other countries in rates hold
European Central Bank and Bank of England join the National Bank of Poland and Bank Indonesia in leaving interest rates on hold; ECB president welcomes U-turn on Greece private sector involvement
Counterparty risks distort insurance protection, says ECB paper
European Central Bank study shows that although hedging aims at sharing risk, it can also lead to risk-taking distortions due to the interplay of counterparty risks
Global supply chains explain trade collapse, says ECB paper
European Central Bank study shows intra-group trade reacted more rapidly than arm’s length trade to global trade collapse
Bank of Italy: ECB’s flexible operational framework assisted crisis response
Bank of Italy study compares effectiveness of unconventional monetary policies adopted by the Federal Reserve and European Central Bank in response to crisis
Netherlands Bank warns of Sepa information gap
Dutch central bank to launch communication campaign to aid consumers with limited knowledge about the European payments project
Praet named ECB’s de facto chief economist
European Central Bank executive board member Peter Praet will take over economics responsibilities at central bank
Hungary passes controversial central bank bill
Hungarian parliament votes in favour of amendments to National Bank of Hungary law; central bank warns that law presents serious threat to economy
CentralBanking.com review of 2011
Round-up of 10 of the leading news stories in 2011
ECB paper identifies challenges to creating resolution regimes
European Central Bank study compares legal aspects of bank resolution regimes in the UK and Germany
ECB receives strong demand for three-year liquidity
European Central Bank extends €489 billion in loans to banks in its first three-year liquidity operation. But analysts believe the measures will do little to ease funding pressures in the eurozone
Sepa migration deadline pencilled in for 2014
European Union says migration end-dates for credit transfers and direct debit to Single Euro Payments Area will be February 2014