European Central Bank (ECB)
Bank of Finland reports €283 million profit
Bank of Finland experiences fall in profits as funds transferred to risk provision rise; central bank's governing body redirects increasing share of profits to government
Trichet urges rules-based approach to excessive deficit reforms
European Central Bank president Jean-Claude Trichet calls for use of strict rules to adhere to excessive deficit reduction procedure
ECB opines on how euro crisis facility should work
European Central Bank proposes IMF involvement in order to ensure facility does not promote moral hazard
ECB paper on EMU governance reforms
European Central Bank study says Van Rompuy Task Force proposals are essential to euro area governance framework
ECB’s Bini Smaghi proposes single eurozone bond issuing agency
European Central Bank executive board member Lorenzo Bini Smaghi backs proposals for single eurozone government bond issuer; says agency could pave the way for a single European bond
Liikanen gets nod for second term at Bank of Finland
Finnish President Tarja Halonen reappoints Bank of Finland governor Erkki Liikanen for second term; Liikanen seen as still in race for European Central Bank presidency
ECB should beef up research department, look outside the EU, external review says
Independent review of the European Central Bank’s directorate general of research says central bank should expand department to meet heightened post-crisis demand
ECB paper on firm price adjustment behaviour
European Central Bank study examines firms’ price adjustment behaviour to demand and cost shocks
Buba’s Weber to return to academia
Bundesbank president Axel Weber to teach at University of Chicago in June following departure from central bank
Firms’ choice in price-reviewing strategies explained: ECB paper
European Central Bank working paper analyses why and how firms pick their price-reviewing strategies
ECB’s Bini Smaghi on economics’ interpretation of globalisation
European Central Bank executive board member Lorenzo Bini Smaghi calls for further studies to global growth implications of emerging market economies
ECB rejects temporary price pressures argument; signals tightening
European Central Bank’s hawkish Thursday announcement shows a different interpretation of commodity price pressures, second-round effects, to Bank of England and Fed
ECB paper on credit card users under binding constraints
European Central Bank shows credit card users are insensitive to interest rate rises on transactions
Central bank wage cap backfires on Budapest: reports
Hungarian government could be pushed to amend controversial central bank salary cap as problems mount in finding suitable external rate-setters
ECB’s González-Páramo calls on central banks to reinvent risk strategies
European Central Bank executive board member José Manuel González-Páramo says central banks must re-think their risk management framework; moots new toolkit
EBA to launch new stress tests
European Banking Authority unveils timeline for second round of EU-wide stress tests with launch set for Friday; first executive director and internal committee named
Consumer behaviour influences financial distress: ECB paper
European Central Bank study shows individuals’ behavioural traits may contribute to level of financial distress experienced by consumers
ECB reports €171 million profit
European Central Bank experiences sharp fall in profits for 2010 due to €1.16 billion transfer of income to risk provision fund
Bailout renegotiation looms following Irish election
Ireland’s new prime minister-elect expected to press for renegotiation of EU-IMF bailout deal; scheduled to meet European Commission head José Manuel Barroso on Friday
Trichet on common fallacies of competitiveness
European Central Bank president Jean-Claude Trichet describes common misconceptions on attributes of a competitive economy
Belgium’s Quaden quits
National Bank of Belgium governor Guy Quaden to leave in March; continued lack of unity in government raises concerns over central bank’s leadership
ECB rejects public credit rating agency role
European Central Bank says European Commission should abandon proposals for Eurosystem to issue credit ratings to public
Budapest wrests control to name external rate-setters
Hungarian lawmakers pass amendment to central bank law giving parliamentary committee right to appoint all four of external rate-setters on seven-strong Monetary Council
ECB calls for return to stricter growth and stability pact
European Central Bank calls for reversion of Stability and Growth Pact 2005 amendments, which relaxed compliance conditions; says sanctions on member states should be applied more stringently