Europe
Staff error is largest cause of op risk at central banks
Legacy systems tend to trigger most threats in jurisdictions with greater than average number of incidents
Collateral velocity is disappearing behind a digital curtain
Dealers may welcome digital-era rewiring to free up collateral movement, but tokenisation will obscure metrics
Eurozone food inflation to ease in 2026 – ECB bulletin
Sticky prices have moderated in recent months and should decline further in 2026, economists say
Phishing and ransomware are central banks’ main cyber threats
Teams widely use training, monitoring and privilege management to mitigate cyber threats
Just under half of risk departments are sufficiently staffed
Units with satisfied staffing levels earn below global average annual salary
Villeroy de Galhau warns of ‘Americanisation’ of money
Tokenisation and geopolitics are new disruptive forces, BdF governor says
Credit spread risk: the cryptic peril on bank balance sheets
Some bankers fear EU regulatory push on CSRBB has done little to improve risk management
‘Green’ banks face lower repo rates – ECB study
Researchers say climate transition risk has implications for financial stability and policy transmission
Mitigation and reporting are leading components of risk strategy
Decentralised teams more likely to embed philosophy in divisional decision-making
People: New governor in Malta
Plus: Bahamian governor reappointed and new vice-governor in Bosnia
Baltics announce nominees for de Guindos’s position at ECB
Estonia proposes central bank governor, while Lithuania nominates finance minister
Most centralised risk teams prioritise cyber security
Decentralised teams primarily cover credit and counterparty, op and market risks
Risk policies widely reviewed by committee in larger teams
Central banks with larger teams favour risk committees over CROs
Bulgaria becomes 21st member of the eurozone
Joining currency bloc is a “sign of belonging”, says governor Radev, as peers offer welcome
Households ‘open’ to digital euro regardless of holding limit – ECB
Customers would only allocate €500 of €10,000 gift into digital euro, study finds
Russia makes 50bp cut, citing falling inflation
Central bank says pro-inflationary risks are still greater than disinflationary ones
EU council gives digital euro the provisional green light
ECB says it is ready for 2029 issuance once parliament and council have given their final approval
Central Bank of Hungary to exhibit art collection
Works currently held in storage or on bank premises will be displayed in museums, governor says
European Central Bank holds rates
Updated forecast includes higher inflation and growth figures
BdF to green its corporate bond holdings by end of 2026
Governor calls for fight against climate denial on 10th anniversary of Paris Agreement
Serbia vows to ‘prevent unjustified pressure’ on FX market
Central bank says it will fight for stability as crisis prompts citizens to swap dinars for euros