European Central Bank (ECB)

310 results about this entity

Period: 16 Feb 2007 - 30 Apr 2024

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T2S spat turns up the heat at Sibos

T2S spat turns up the heat at Sibos

A progress report by the European Central bank on the controversial Target2Securities integrated settlement project descended into a three-way spat between agent banks, securities depositories and the central bank over costs, timetabling and information transparency at a hot and heavy Sibos session in Hong Kong.

New schemes vital to Sepa for cards success - ECB's Tumpel-Gugerell

New schemes vital to Sepa for cards success - ECB's Tumpel-Gugerell

MasterCard and Visa need to be challenged by at least one new scheme if Sepa (Single euro payments area) for cards is to succeed, according to ECB executive board member Gertrude Tumpel-Gugerell.

T2S gains multilateral agreement, despite UK concerns

T2S gains multilateral agreement, despite UK concerns

The European Central Bank (ECB) and the 16 national central banks of the euro area have signed a Memorandum of Understanding with 27 European central securities depositories covering obligations and responsibilities for the next stage of the Target2-Securities (T2S) project.

German and French banks push ahead with new debit card scheme

German and French banks push ahead with new debit card scheme

German and French banks, including Deutsche Bank and Societe Generale, have stepped up efforts to create a new European debit card scheme to challenge MasterCard and Visa.

Bank of England raises T2S concerns

Bank of England raises T2S concerns

The Bank of England has raised serious doubts over whether it will join the European Central Bank's Target2-Securities (TS2) integrated settlement system.

Eurozone banks told to ditch direct debit interchange by 2012

Eurozone banks told to ditch direct debit interchange by 2012

Europe's banks have been told that they will have to ditch interchange fees on direct debit transactions by 2012 under EU antitrust rules.

Migration date to SCT and SDD schemes must be set - ECB's Tumpel-Gugerell

Migration date to SCT and SDD schemes must be set - ECB's Tumpel-Gugerell

Over a year after its launch, the Sepa credit transfer (SCT) scheme still only accounts for less than two per cent of total CT volume in the euro area, prompting ECB executive board member Gertrude Tumpel-Gugerell to call for a definitive date for migration from national systems.

CESR finds huge variation in fines for MiFID non-compliance

CESR finds huge variation in fines for MiFID non-compliance

The Committee of European Securities Regulators (CESR) has published a review of supervisory powers and practices, and administrative and criminal sanctioning regimes across Europe in relation to MiFID. It found greater convergance of approaches to regulating markets and MTFs than for investment firms. And it found administrative and criminal fines for non-compliance with the directive differ massively from country to country.

European Central Bank calls for 'urgent' action on Sepa

European Central Bank calls for 'urgent' action on Sepa

The European Central Bank has called for an overhaul of governance and management of the European Payments Council in its latest report on impediments to the creation of a Single Euro Payments Area (Sepa).

EC clamps down on cross-border direct debit charges

EC clamps down on cross-border direct debit charges

The European Commission (EC) says it is proposing an extension of existing regulations to ensure that cross-border direct debit payments made in euros cost the same as domestic transactions.

Eurofi calls for stricter enforcement of post-trade rationalisation programmes

Eurofi calls for stricter enforcement of post-trade rationalisation programmes

European think tank Eurofi has called on the European Commission to institute tougher enforcement of settlement harmonisation and consolidation programmes aimed at cutting costs of cross-border post-trade services across the EU.

EC moves to kick start Sepa direct debit scheme

EC moves to kick start Sepa direct debit scheme

EU authorities have called on banks to push ahead with plans to introduce a pan-European direct debit payments system, even if interchange fees are initially charged for cross-border transactions.

European Payment Council clears up Sepa for Cards confusion

European Payment Council clears up Sepa for Cards confusion

The European Commission and the European Central Bank have welcomed a document published by the banking industry-backed European Payment Council that paves the way for a competitive single market for card payment card schemes by 2010.

New post-trade rules proposed to remove barriers to cross-border trading

New post-trade rules proposed to remove barriers to cross-border trading

An advisory group has put forward recommendations for breaking down legal barriers to the cross-border holding and settlement of securities in the European Union, including proposals to enable issuers to choose which central securities depository they want to use.

ECB launches T2S settlement harmonisation project

ECB launches T2S settlement harmonisation project

The European Central Bank is to press ahead with the launch of its contentious settlement harmonisation project Target2-Securities and has assigned the development and operation of the facility to the Deutsche Bundesbank, the Banco de España, the Banque de France and the Banca d'Italia.

ECB calls on depositories to join securities settlement project

ECB calls on depositories to join securities settlement project

The European Central Bank (ECB) is calling on central securities depositories (CSDs) to sign up to Target2-Securities (TS2), its proposed integrated securities settlement system in the euro zone.

Sepa goes live

Sepa goes live

The first stage implementation of the single euro payments area (Sepa) - which aims to make cross-border payments as cheap as domestic transactions - has gone live with the official launch of the Sepa payment instrument for credit transfers.

ECB wins French ruling in Document Security Systems patent fight

ECB wins French ruling in Document Security Systems patent fight

The European Central Bank has won an appeal in a French court against Document Security Systems (DSS), the New York-based provider of anti-counterfeit software that filed a patent infringement lawsuit against the central bank in 2005.

ECB consults on Target2-Securities

ECB consults on Target2-Securities

The European Central Bank (ECB) is launching a public consultation on its controversial initiative to establish an integrated securities settlement system in the euro zone.

FESE cautions over ECB securities settlement project

FESE cautions over ECB securities settlement project

The Federation of European Securities Exchanges (FESE) has voiced concerns over the cost implications to its members of the European Central Bank's (ECB) plan to introduce an integrated securities settlement system in the euro zone and has called for more clarity and a clear business case for the project.

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