European Central Bank (ECB)

307 results about this entity

Period: 16 Feb 2007 - 09 Apr 2024

/payments

TIPS: recent developments

TARGET Instant Payment Settlement (TIPS) is a market infrastructure service launched by the Eurosystem in November 2018.

/sustainable

ECB exec savages banks over climate risk inertia

A European Central bank executive has launched a withering attack on the lack of progress by banks in tackling climate risks.

/inclusion

Cash is still king in times of Covid-19 - ECB's Panetta

Covid-19 may have sped up the digitisation of Europe's economy, but this does not spell the end for cash, according to ECB executive board member Fabio Panetta, who says that the Eurosystem will safeguard physical money, even if a digital euro is launched.

/payments

European Central Bank castigates banks over instant payment fees

The European Central Bank has warned that the charges levied by banks for instant payments are proving a barrier to uptake and "must change".

/sustainable

ECB board member Panetta calls for global accord for sustainable finance

The COVID-19 pandemic has caused the largest decrease in global economic activity on record. But the drop in carbon dioxide emissions has been only temporary.

/identity

EBAday 2021: How a digital ID may shape the future of European payments

During October 2020, the European Council called for the development of an EU-wide framework for secure public electronic identification (e-ID), including interoperable digital signatures, to provide people greater control over their online identity and data, and to access public, private and cross-border digital services.

/sustainable

ECB appoints Irene Heemskerk as head of its climate change centre

The Executive Board of the European Central Bank (ECB) has appointed Irene Heemskerk as head of the ECB’s climate change centre as of 15 June 2021.

/payments

EBAday 2021: Why privacy is key to progressing a digital euro

The European Central Bank (ECB) president Christine Lagarde first told reporters in March 2021 that the delivery of a digital euro would be decided upon within months, and suggested that four years would be a realistic timeframe for the development and issuance of a digital euro. However, the decision to pursue it has yet to be made by the ECB Governing Council, which will base its decision on its own preliminary work, and recently released responses to its public consultation.

/crypto

Privacy ranked the most important feature for future digital euro

A public consultation by the European Central Bank found that citizens and professionals alike value privacy most for a possible future digital euro.

/markets

Interoperability crucial for DLT in post-trade processes - ECB

Market participants working on the use of DLT in post-trade processes need to ensure interoperability if the technology is to succeed, according to a European Central Bank report.

/payments

EBAday 2021: Finding European synergy in the transition from Open Banking to Open Finance

Pioneering a defined strategy in 2020, the European Commission outlined its intention to adopt a legislative proposal for a new Open Finance Framework by mid-2022.

/crypto

ECB bids to bust CBDC myths

The European Central Bank has hit back at public "misconceptions" about the digital euro and its future role as a substitute for physical cash.

/crypto

Speech: ECB's Fabio Panetta on a digital euro's impact on the financial system

Throughout history, innovations in money have challenged and altered the structure of the financial system. Time and time again, innovations have given rise to debates about the risks they pose and the rewards they bring, as well as the role of central banks in building confidence in money.

/crypto

ECB ponders €3000 threshold for consumer digital euro holdings

The European Central bank is toying with the idea of imposing a €3000 limit on consumer CBDC accounts to discourage users from transferring all their cash from commercial banks to the central bank.

/sustainable

European Central Bank sets up climate change centre

The European Central Bank is to set up a climate change centre, uniting the disparate work streams operating across the bank.

/crypto

EC and ECB join forces to investigate digital euro

The European Commission and European Central Bank are working together to investigate the policy, legal and technical questions emerging from a possible introduction of a digital euro.

/crypto

ECB fields record response to consultation on digital euro

The European Central Bank has received a record of over 8000 responses to its consultation on the creation of a digital euro, an electronic form of central bank money accessible to all citizens and firms.

/people

ECB appoints Claudia Plattner as director general of information systems

The Executive Board of the European Central Bank (ECB) has appointed Claudia Plattner, currently Chief Information Officer at DB Systel, the IT provider of Deutsche Bahn, to the position of Director General Information Systems as of 1 July 2021.

/crypto

Italian banks rally round digital euro

The Italian Banking Association is to kick of a techncial feasibnility study on the use of distributed ledger technology for a future digital euro.

/payments

ECB offers robust support of cash as digital payments creep up

Euro area consumers are gradually shifting towards cards for in-person retail payments, although cash remained the most used instrument at the end of 2019, according to data published by the European Central Bank.