European Central Bank (ECB)

311 results about this entity

Period: 16 Feb 2007 - 14 May 2024

European Parliament challenges ECB on green credentials and crypto regulation

European parliamentarians have called on the zone's central bank to step up its green credentials and address growing financial technology challenges.

/crypto

European Union unsure how to regulate Facebook's Libra

The EU cannot work out exactly what Libra is according to a memo by European Commission executive vice-president, Valdis Dombrovskis.

Compliance failings continue to dog banks

Banks across the EU are failing to take their compliance duties seriously, says the European Central Bank, which has identified endemic weaknesses in governance, staffing and policy implementation.

/ai

ECB runs AI coding marathon to get new insights into supervisory data

The European Central Bank (ECB) has teamed up with digital innovation outfit Reply to run a 48-hour coding marathon focused on the application of AI and machine learning.

/crypto

Japan to look at issuing digital yen

Japan is the latest country to announce intentions to launch a digital currency, Reuters has reported.

/crypto

Central banks form group to explore digital currency creation

Six of the world's central banks have come together to share their knowledge and experiences in assessing the potential cases for central bank digital currency (CBDC) in their home jurisdictions.

ECB tackles anonymity and AML compliance in digital currency issuance

New research from the European Central Bank shows that it is possible to build a simplified payment system for central bank digital currencies, while safeguarding users’ privacy for low-value transactions and ensuring that higher-value transfers are subject to anti-money laundering checks.

/sustainable

ECB poised to champion climate change action under Lagarde

As part of a strategic review of the ECB’s purpose, the bank’s president Christine Lagarde will underline action on climate change as a fundamental component of monetary policy.

ECB offers support to bank-backed alternative to Visa and Mastercard

The European Central Bank has welcomed an initiative by some of Europe's top banks to explore the development of a rival payment system to challenge the dominance of Visa and Mastercard and the threat from Chinese and US Big Tech firms

French central bank floats European CBDC

France's central bank is urging Europe to explore the development of a wholesale central bank digital currency (CBDC).

EU banks contemplate rival to card schemes and Big Tech

Twenty European banks are reportedly working on the development of a rival payment system to challenge the dominance of Visa and Mastercard and the threat from Chinese and US Big Tech firms, according to a report by AFP.

Euro area card payments double in a decade

The number of card payments in the euro area have more than doubled in a decade as consumers increasingly dispense with the hassle of carrying notes and coins, according to the latest statistics from the European Central Bank.

ECB Exec: Libra has been a "wake up call" for central bankers

ECB executive board member Benoit Coeure says that the arrival of Facebook's putative cryptocurrency Libra has been a "wake up call" for central banks, and that public authorities should step up co-operation on the development of central bank backed digital currencies (CBDC)

/security

ECB shuts down website hit by hackers

The European Central Bank has shut down its Banks’ Integrated Reporting Dictionary (Bird) website after it was hacked and injected with malware.

/payments

European Central Bank publishes 2018 payment stats

The European Central Bank (ECB) has today published the 2018 statistics on non-cash payments, which comprise indicators on access to and use of payment services and terminals by the public, as well as volumes and values of transactions processed through payment systems.

Disruptor in chief Lagarde tapped for top ECB role

The imminent arrival of IMF managing director Christine Lagarde as the new president of the European Central Bank may harbour a greater role for central bank-backed digital currencies in managing the retreat from cash in developed economies.

/regulation

ECB appoints new head of market infrastructure and payments as Bayle steps down

The Executive Board of the European Central Bank (ECB) has appointed Ulrich Bindseil as Director General of Market Infrastructure and Payments (DG-MIP).

Swift to test real-time cross border payments in Europe

Banks from France, Germany, Italy, Luxembourg, Russia and Spain have joined with Swift to test real-time gpi cross-border payments through the Eurosystem’s Target Instant Payment Settlement (Tips).

/regulation

ECB paper warns of regulatory arbitrage on crypto-assets

While crypto-assets do not currently pose a threat to the euro area's financial stability, a disjointed approach at the national level could trigger regulatory arbitrage and hamper the resilience of the region's financial system, says an ECB paper.

ECB issues call for papers for payments innovation conference

The European Central Bank and the Nationale Bank van België/Banque Nationale de Belgique will host a conference entitled “Crossing the chasm to the retail payments of tomorrow”.