European Central Bank (ECB)

310 results about this entity

Period: 16 Feb 2007 - 30 Apr 2024

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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.

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ECB steps up efforts to combat climate risk

The European Central Bank (ECB) today published its final and amended guide on climate-related and environmental risks following a public consultation.

/crypto

ECB warns the future of money is at stake as Facebook preps January crypto launch

As news leaks out about a possible 2021 launch for Facebook's digital currency Libra, a senior European Central Bank official warns: "What is at stake is nothing short of the future of money".

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EBAday 2020: Stablecoins could pose threat to level playing field in payments landscape

The level playing field of payment services could be undermined by the widespread use of stablecoin network, according to Maria Teresa Chimienti, market infrastructure expert at the the European Central Bank.

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ECB announces independent review of payments system outage

The European Central Bank (ECB) will launch an independent review of an incident that affected its real-time gross settlement system TARGET2 on 23 October 2020, causing an outage for almost 10 hours.

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ECB blames third-party network device for Target2 collapse

The European Central bank has blamed a software defect at a third party technology provider for an outage that downed the Target2 settlement system for almost 11 hours on Friday.

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Target2 experiences total system failure, Sepa payments delayed

A complete failure of all payment transactions within the Target2 system was experienced for several hours on Friday, with backup systems and contingency modules also initially unable to function.

/regulation

ECB confirms one-year delay to Eurosystem Collateral Management System

The Governing Council of the ECB has decided to reschedule the launch of the Eurosystem Collateral Management System (ECMS) from November 2022 to November 2023.

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No rivalry between public and private digital currency solutions – European Commission

During the ‘Retail Payments Strategy’ webinar held Wednesday , the European Commission’s Eric Ducoulombier, head of retail financial services and payment unit, spoke to the subject of digital currencies and the future of a digital euro.

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ECB monitors cyber resilience in face of Covid-19 threat actors

Appearing at Sibos 2020, Fiona van Echelpoel, deputy director general, ECB, dove into the biggest cyber threats facing financial services as the Covid-19 pandemic continues to unfold.

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Sibos 2020: Is 'Ransomware-as-a-Service' a symptom of innovation?

Drilling down into the biggest threats facing financial services during Covid-19, industry heavyweights provide their perspectives on the changing face of cyber threats and where our biggest vulnerabilities reside during day 3 of Sibos 2020.

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ECB to test instant cross-currency payments via Target

The European Central Bank is kicking off a project with Sverige Riksbank that will investigate whether and how Target Instant Payment Settlement (Tips) could support payment transactions across different currencies.

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ECB moves a step closer to the creation of a digital euro

The European Central bank is to conduct a public consultation on the possible creation of a digital euro, after a high-level taskforce sketched out possible scenarios that would require central banks to mint their own cryptocurrency.

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EURO1/STEP1 ISO 20022 migration delayed to align with T2-T2S timetable

In a confidential letter sent to the participants of EURO1 large value payments and the STEP1 platform Wednesday, EBA Clearing announced delays to testing and live implementation dates.

European Central Bank extends SkySparc contract

SkySparc, an independent solutions provider, has been re-selected by the European Central Bank (ECB) to provide comprehensive consultancy services for four years to support its use of the Wallstreet Suite (WSS).

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Lagarde makes case for digital euro

The president of the European Central Bank, Christine Lagarde, has suggested that the Euro Zone's central bankers are close to making a decision on whether to press ahead with the development of a central bank digital currency (CBDC).

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ECB cautions against the power of Big Tech in financial services and cloud provision

The European Central Bank has bemoaned the absence of an EU challenger capable of taking on the might of Big Tech cloud providers from the US.

/wholesale

ECB confirms one year delay to T2-T2S integration

The European Central Bank (ECB) has formally approved a one year extension to its T2-T2S consolidation project.