European Central Bank (ECB)
ECB's Bini Smaghi calls for regulatory overhaul
It is not sustainable to run different financial regulation and supervision policies, said Lorenzo Bini Smaghi, a member of the executive board of the European Central Bank.
Global central banks cut as system teeters
Six central banks have taken the unprecedented step of cutting rates by half a point in unison in an attempt to avert a global financial-market meltdown.
Central banks pledge more dollars
Central banks around the world unveiled a fresh round of dollar auctions on Tuesday, aimed at tiding the banking system over the year-end period when money-market tensions tend to heighten.
ECB - eurozone economy weakening
Under pressure from high commodity prices, lower consumer confidence and demand, as well as dampened investment growth, the euro-area economy is weakening, says the European Central Bank (ECB) in its September Monthly Bulletin.
ECB's Bini-Smaghi: tackle conflicts of interest
The main problem with financial markets comes from conflicts of interest at all levels, said Lorenzo Bini-Smaghi, a member of the executive board of the European Central Bank.
Fed deserves praise for online efforts
As the international financial system totters, the Federal Reserve banks are making full use of their websites to keep the public informed, says David Bowen, a senior consultant at Bowen Craggs, web advisers.
Trichet comments raise prospect of December cut
The European Central Bank (ECB) kept rates on hold again on Thursday, but more-dovish-than expected comments from Jean-Claude Trichet, the central bank's president, signalled the Governing Council could cut before the end of 2008.
Trichet on the turmoil
The root of the problems in many financial institutions was their inability to adequately assess the risks associated with their exposures, said Jean-Claude Trichet, the president of the European Central Bank.
ECB glossary on payments, clearing and settlement
The European Central Bank has published a glossary of technical terms on payment, clearing and settlement systems in the EU.
Trichet: Slovakia should go further with reforms
Slovakia's government should implement structural reforms to foster price stability, said Jean-Claude Trichet, the president of the European Central Bank.
Central banks act as busts prompt panic
Central banks pledged to inject an additional $330 billion in dollar funds on Monday after interbank markets froze following a wave of bank failures.
Benelux authorities part nationalise Fortis
The governments of Belgium, Luxembourg and the Netherlands have bought sizeable stakes in Fortis, Belgium's biggest lender, after capital fears triggered a cull in shares.
Euro money-market survey 2008
The European Central Bank has published the preliminary results of its latest money-market survey.
Central banks pledge 7-day funds as plan stalls
Central banks in major financial markets have offered week-long loans in a bid to abate money-market tensions that have further heightened as talks on the US Treasury's plan to buy troubled assets have stalled.
Why now is the time for the UK to join the euro
Just when nobody is expecting it, now could be a good time for the British government to announce its intention for the UK to join the euro area, says Robert Pringle, the editor-in-chief of Central Banking journal.
Nordic banks and RBA join Fed swap club
The Federal Reserve on Wednesday stepped up efforts to counter money market tensions, establishing additional swap lines with the Reserve Bank of Australia and three Scandinavian central banks to meet demand for dollar loans.
Banks favour Frankfurt for dollar auctions
Results of the European Central Bank's (ECB) and Bank of England's dollar auctions indicate the Frankfurt-based institution's operations are attracting more bids because of its more lenient collateral rules.
UAE launches emergency facility
The Central Bank of the United Arab Emirates on Monday became the latest monetary institution to inject funds to alleviate interbank tensions, pledging Dh50 billion ($13.6 billion).
Government still not at the SEPA table
European governments who fail to move on SEPA must be shamed into action, said Jean-Michel Godeffroy, the director general for payment systems at the European Central Bank.
EU candidate countries' financially stable
The financial systems of EU candidate countries Croatia, Macedonia and Turkey are in a good position to resist adverse shocks, according to a new paper from the European Central Bank.
Fiscal surveillance needs more timely data
Quarterly data from the European System of Integrated Economic Accounts should be used for real-time fiscal surveillance in Europe, new research from the European Central Bank finds.
Tumpel-Gugerell on SEPA for cards
Once SEPA for credit transfers and direct debits are in place, the European Payments Council will devote its full energy on to a harmonised and integrated cards market, said Gertrude Tumpel-Gugerell, a member of the executive board of the European…
A mix of the old and new for central banks
While leading central banks around the world on Monday took similar steps to those seen in recent months to inject liquidity into fear-ridden money markets, the American authorities' response to the latest shocks signals a distinct shift in policy.
Mistakes made on liquidity - Tumpel-Gugerell
The current crisis shows central bankers and regulators underestimated liquidity risk, admitted the European Central Bank's Gertrude Tumpel-Gugerell.