Eurozone
Weidmann given second term leading Bundesbank
Deutsche Bundesbank’s distributable profit rises to €2.4 billion
ECJ rules that Latvian governor was unlawfully removed
Latvian authorities failed to produce convincing evidence of wrong-doing by Ilmārs Rimšēvičs – ECJ
ECB prevented further eurozone deflation, BdF paper says
Researchers say inflation and GDP growth would have entered negative territory in 2015–17
EU to cut price of cross-border euro payments
Amended law will also give customers information on currency conversion charges
European Commission accuses eight banks of bond market collusion
EC can fine banks 10% of their turnover if it finds “sufficient evidence” of market rigging
Philip Lane likely to become next ECB chief economist
Former academic economist set to become first Irish citizen in senior ECB role
Austrian far-right party nominates economist for governor
Robert Holzmann has distinguished career as pensions specialist, but political links may cause controversy
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
Irish government nominates Philip Lane as next ECB chief economist
European governments have turned down two Irish nominations for senior ECB roles in last year
EU legal officer says Latvian government wrongly barred governor
Authorities provided no evidence to back claims governor acted corruptly, advocate general says
Draghi warns of downside risks as ECB ends net asset purchases
ECB will continue buying sovereign bonds with yields below deposit rate
ECB has made ‘little use of macro-pru powers’, senior official says
Eurozone authorities lack powers to deal with diffuse sovereign risk or shadow banks – ECB official
ECB paper examines banks’ responses to unconventional policy
Weaker banks’ sheets reduce credit supply in response to conventional policy shocks, paper finds
EU stress tests should follow US example – EBA chairman
Enria says EU process is too slow and opaque compared to US approach
ECB paper looks at large database on inflation expectations
Expectations more powerful when lower bound on nominal rates is binding, researchers find
ECB prepares to supervise largest Bulgarian banks
Move comes as Bulgarian government attempts to join single currency
Immigrants smooth eurozone labour market shocks – Bank of Italy paper
Non-EU immigrants have higher mobility than Europeans moving between countries – researchers
ECB nominates Enria as next head of banking supervisor
Italian candidate likely to be accepted as next head of SSM
The EU tries to rethink its faltering AML regime
The European Union plans to centralise its anti-money laundering efforts following a series of scandals this year. Dan Hardie looks at the options available and the multitude of challenges that remain
Hurdles remain for euro as international reserve currency
Dollar’s incumbency, institutional deficiencies and rise of the renminbi hamper the euro’s progress
SRB should publish banks’ MREL requirements – EBA’s Enria
But market abuse rules need amending to avoid SRB disclosing confidential resolution actions
ECB board weighs external risks in policy meeting
Risks in growth outlook “broadly balanced”, ECB reports
Eurozone fiscal rules have major pro-cyclical effects – DNB paper
Researchers say strengthening fiscal buffers may modify stability pact’s effects
Draghi’s ‘whatever it takes’ cut bank risk-taking – BIS paper
Study examines Mexican markets to pick out effects of the ECB president’s intervention