European Central Bank (ECB)
BIS calls for greater vigilance over sovereign risks
Bank for International Settlements Quarterly Review warns weaker global growth outlook risks fuelling sovereign debt crisis
IMF concern over ‘critical juncture’ of programme in Greece
IMF rejects criticism of economic programme to date; highlights areas that need attention to ensure recovery
Greece tranche decision delayed till October: Juncker
Eurogroup chairman Jean-Claude Juncker says decision to release sixth bailout tranche to Greece will be delayed until October; sovereign may default sooner than expected, says analyst
ECB’s González-Páramo on convergence requirements to euro accession
European Central Bank executive board member José Manuel González-Páramo dicusses need for sustainable convergence to the euro in Bulgaria
ECB's Bini Smaghi on overcoming moral hazard problems
European Central Bank executive board member Lorenzo Bini Smaghi says delicate balance should be kept between maintaining credibility and ensuring stability
Euro climbs as major central banks boost dollar liquidity
Bank of England, Bank of Japan, European Central Bank and Swiss National Bank to offer three-month loans to market; euro moves higher against the dollar but nearly breaks Swiss franc floor
UK prepares to do battle with ECB
British Treasury unhappy with European Central Bank's proposed clearing house location restriction; will take argument to court if necessary
Domestic factors major contributor to global crisis: ECB paper
European Central Bank study says contribution of systemic contagion effects from US markets towards global crisis are overplayed
Survey-based measures offer benefits over factor models: ECB paper
European Central Bank study says survey-based measures provide substantial forecasting benefits during recessions
Germany names Asmussen as Stark’s successor
Germany’s finance minister, Wolfgang Schäuble, nominates his deputy Jörg Asmussen to replace Jürgen Stark on the European Central Bank’s executive board
Stark resignation marks turbulence at ECB
European Central Bank executive board member Jürgen Stark steps down as tensions flare in Frankfurt
Trichet reacts angrily to criticism
European Central Bank president Jean-Claude Trichet rejects attack by German politician on bond-buying programme; ECB and Bank of England both hold interest rates as global outlook worsens
OECD asks central banks to hold rates
OECD asks for rates hold and revises growth forecasts downwards; chief economist says further QE in the US "could be appropriate”
Market conditions factor in liquidity costs: ECB paper
European Central Bank study shows price of liquidity systematically depends on bank characteristics and market conditions
ECB’s Praet highlights importance of Sepa co-operation
European Central Bank executive board member Peter Praet says right balance must be struck between Sepa co-operation and competition
ECB foreign reserve managers need different incentives; working paper
Research suggests new rewards system for foreign reserve managers would help align results with ECB preferred outcomes
Trichet preaches sustainable long-term growth
Jean-Claude Trichet urges policymakers to aim for sustainable growth
ECB extends swap line agreement with BoE
The Bank of England and European Central Bank prolong swap line; new end date is September 28
One-third of higher liquidity provisions were strategic: ECB paper
European Central Bank study says change in some banks’ bidding behaviour during the crisis reflected their strategic response to competitors
Unconventional tools can ease interbank lending: ECB paper
European Central Bank study says repo haircuts can help boost interbank lending during crisis
Oil-price volatility driven by speculation: ECB paper
European Central Bank finds evidence of switch in oil-price regime in 2004 towards speculative demand
ECB paper identifies source of slump in global trade
European Central Bank study says numerous components of final expenditure contributed to sharp decline in global trade during financial crisis
Austria’s Nowotny fears delay in ratification of EFSF
National Bank of Austria president Ewald Nowotny expresses concern that new European Financial Stability Facility powers will not be phased in by October
Conflicts of interest in central banking
The crisis has highlighted how interests can diverge in the monetary policy-making bodies of federal central banks, writes Daniel Gros