Eurosystem
The role of Tips for the future payments landscape
Tips could support euro CBDC plus cross-border payments in many currencies
Olli Rehn on AIT, market neutrality and EU fiscal policies
The Bank of Finland governor talks about the ECB’s strategy review, market failure on climate change, lessons from the sovereign debt crisis, and the Draghi legacy effect on Covid-19 responses
ECB announces independent inquiry into Target2 outage
Main findings on RTGS failure will be published by second quarter of next year, ECB says
Powell, Lagarde and Bailey express caution on CBDCs
Jay Powell says Fed must get any future CBDC right, rather than “being the first”
ECB says Target2 outage was caused by third-party network device
“Root cause” was software defect in third-party network device in eurosystem’s network – ECB
Eurosystem lays out retail digital payment strategy
Access to cash and level playing field for electronic payments are key elements – Panetta
Frank Smets on the ECB’s strategy review
The ECB’s DG of economics explains how expectations, communication, fiscal dominance, climate change and the Fed’s actions will be factored into the ECB’s delayed strategy review
Central banking enters a new era
Central banks face a delicate balancing act to preserve their reputations as they evolve into ‘buyers of last resort’ and some of their actions appear functionally equivalent to ‘monetary financing’
ECB publishes framework for assessing prudential spillovers
Detailed paper aims to help regulators assess cross-border effects of macro-prudential policies
ECB mulls wider clearing house access to account facilities
Including CCPs in the Eurosystem may remove the need for them to seek a banking licence
Lifetime achievement award: Otmar Issing
The architect of the euro’s monetary operating framework is still playing an important role in shaping the debate on monetary policy
Treasury systems initiative: Calypso Technology
The tech company secured important breakthroughs including with its Maps treasury operations system
Facing up to the tech challenge
Central banks get a wake-up call from libra
The winners of the 2019 Fintech and Regtech Global Awards
Prizes awarded for outstanding work at the cutting edge of financial technology
ECB’s bond purchases restrict monetary policy – DNB paper
Higher demand for safe assets widens bond yields and cuts policy transmission, says researcher
Italy’s central bank plans could break EU law – ECB
The ECB is challenging the Italian coalition’s plans to take control of gold reserves and central bank shares
Risk management technology: Vermeg
Having successfully delivered the collateral management module of its Megara system to four major central banks, Vermeg has won a high-profile tender to deliver the technology for the Eurosystem Collateral Management System
Transparency: National Bank of Ukraine
The Ukrainian central bank has made strong progress in improving its transparency during a highly challenging operating environment
EU legal officer says Latvian government wrongly barred governor
Authorities provided no evidence to back claims governor acted corruptly, advocate general says
ECB secondary bond purchases are legal, European Court of Justice says
European Union’s highest court rejects German activists’ claim that PSPP breached constitution
Weidmann calls for dropping QE tools in normal conditions
Long-term ultra-loose policy may have shifted natural rate of unemployment – Bundesbank head
Philip Lane on systemic risk, transparency and Brexit
The Central Bank of Ireland governor speaks with Dan Hardie and Chris Jeffery about transparency, shadow banking, ECB succession and tackling systemic banking risk in the eurozone
Eurozone inflation rises in March
Prices rose year on year by 1.4% last month, up from 1.1% in February
Inflation falls in the euro area despite stronger growth
Annual price increases expected to fall to 1.3% in January, Eurostat says