TLTRO-II reporting treatment of certain transactions involving debt-to-equity conversions The Governing Council decided on the reporting treatment, which is relevant in the context of TLTRO-II interest rate calculations, of certain transactions conducted by a TLTRO-II participant in 2017. The transactions involved debt-to-equity conversions by which loans granted by the TLTRO-II participant to non-financial corporations (NFCs)…
It is a great honour to be speaking here today at the University of Bologna. As Europe’s oldest university, it has been at the heart of education and learning in Europe for over 900 years. It has a long history of welcoming students from across the continent, including Thomas Beckett and Copernicus. Erasmus studied here…
The Securities and Exchange Commission today announced that Giles Cohen has been named Acting Chief Counsel, Office of the Chief Accountant (OCA).  Mr. Cohen joined the SEC in 2005 as senior counsel in the Division of Enforcement, and later served as ...
The Securities and Exchange Commission today announced that James P. McNamara has been named the agency’s Chief Human Capital Officer (CHCO) and Director of the Office of Human Resources (OHR).  Mr. McNamara has served as Acting CHCO since April 2018. ...
Summary Focus One of the laws of economics states that central banks in countries with flexible exchange rates and open capital accounts should be able to ensure macroeconomic stability regardless of external financing conditions. But central banks i...
I am very pleased to open this session of the International Conference on Real Estate Statistics, which was organised by Eurostat in close cooperation with the ECB. The quality of real estate statistics is an issue not just of relevance to statisticians, but increasingly to policymakers, too. The real estate market has been shown to…
PRESS RELEASE 21 February 2019 The European Central Bank’s (ECB’s) audited financial statements for 2018 show that the profit for the year increased by €301 million, to €1,575 million, mainly as a result of higher net interest income earned on the US dollar portfolio and on the asset purchase programme (APP) portfolio.