Europe
ECB advice sought by Gulf Arab states
A senior official at the GCC said on Thursday 15 September that Gulf Arab states will seek help from the European Central Bank in establishing a monetary authority to oversee their planned single currency.
McCreevy says cross border clearing cost must fall
Charlie McCreevy, the European Union internal market commissioner, said on Tuesday 13 September action will be taken against Europe's financial services industry if it fails to slash the costs of cross- border trading in securities within six months.
Weber says ECB to weigh Katrina impact
The European Central Bank is watching the economic impact from Hurricane Katrina closely but it is too early to say how it might affect interest rate policy, ECB Governing Council member Axel Weber said in a speech.
News from SIBOS banking conference
Jean-Michel Godeffroy, director general of payment systems at the European Central Bank, was at the centre of several key debates at the SIBOS conference in Copenhagen on Wednesday 7 September.
ECB's Bini Smaghi rejects France's proposal
European Central Bank Executive Board member Lorenzo Bini Smaghi has rejected France's proposal for a dialogue between the ECB and eurozone states regarding economic policies in the region, according to an interview with Handelsblatt.
Trichet reports upside risks to inflation outlook
European Central Bank President Jean-Claude Trichet said Thursday 1 September that upside risks to price stability exist but there is no significant evidence of a build-up in underlying inflationary pressures.
Challenges for central banks in an enlarged EMU
A new book analyses the challenges that lie in front of the EU as it used to be, the hurdles that have to be cleared by possible candidates, and the impact of these developments on important economic sectors like the financial markets.
ECB Paper on hedge funds and financial stability
The ECB Paper "Hedge funds and their implications for financial stability", published on 26 August, provides an overview of the hedge fund industry, mainly from a financial stability and European angle.
Modest pay, one term 'best' for central bankers
A new study says that Europe's central bank chiefs should receive only modest pay and serve just a single term in office to avoid self interest creeping into interest rate decisions. It also found that limited terms and confidential interest rate…
Interview: Kenneth Clarke
In this interview Kenneth Clarke, Britain’s chancellor of the exchequer from 1993 to 1997, calls on the ECB to rethink its role and communications.
Time for the ECB to intervene
Charles Goodhart makes the case for Europe’s central bank to sell the euro.
Trichet at the memorial service for Wim Duisenberg
In a speech during the memorial service for Wim Duisenberg given on 6 August Jean-Claude Trichet of the ECB called Duisenberg a great European and friend.
Kosovo's BPK unlikely to become central bank
The head of Pillar IV has said the Banking and Payment Authority of Kosovo (BPK) will not be denominated as the central bank.
Wim Duisenberg
This obituary for former European Central Bank president Wim Duisenberg, who died on Sunday 31 July, contrasts his rough ride at the ECB with the high reputation he had enjoyed among fellow central bankers during his tenure as governor of the…
Trichet says ECB's 2% rate is appropriate
European Central Bank President Jean-Claude Trichet defended the decision to maintain interest rates in the euro zone at 2% in a radio interview Friday 5 August describing them as "appropriate".
ECB 'Blue Book' on payment and settlement systems
The European Central Bank published the latest addendum to the June 2001 report entitled "Payment and securities settlement systems in the European Union" (third edition) on Tuesday.
ECB rates on hold a while longer says Stark
The ECB's decision not to change rates at its meeting on Thursday 4 August was foreshadowed in a newspaper interview with Bundesbank Vice President Juergen Stark who said muted price pressures allow rates to remain on hold for a while longer.
Basel Committee corporate governance practices
The Basel Committee on Banking Supervision has issued for public comment revised guidance to help promote the adoption of sound corporate governance practices by banking organisations.
ECB paper on large-value payment systems
The ECB Working Paper "Incorporating a 'public good factor' into the pricing of large-value payment systems" considers optimal pricing rules for a public large-value payment system (LVPS) that produces a public good (like prevention of systemic risk) but…
ECB sued over euro note security
A company that specialises in anti-counterfeiting technology filed a lawsuit against the European Central Bank on Monday 1 August claiming the euro common currency infringes on a patent issued in 1999.
ECB statement on Wim Duisenberg's death
The European Central Bank released a statement on Sunday 31 July following news of the death of former ECB president Wim Duisenberg.
Former ECB president found dead
Wim Duisenberg, former president of the European Central Bank, was found dead on Sunday 31 July at his villa in the south of France.
Systemic risk in alternative payment system design
This European Central Bank Working Paper analyses the consequences of an isolated, sudden and unexpected failure of a bank in alternative interbank payment system designs.