Findings from the ECB point to a significant change in Europe's role in financial markets over the last two decades as seismic shifts in GDP and financial flows have reshaped the world economy
Keynote speech by Philip R. Lane, Member of the Executive Board of the ECB, CEPR International Macroeconomics and Finance Programme Meeting
PRESS RELEASE 13 November 2019 The Executive Board of the European Central Bank (ECB) has appointed Imène Rahmouni-Rousseau to the position of Director General Market Operations (DG-M). Ms Rahmouni-Rousseau will replace Ulrich Bindseil, who took up his new role as Director General Market Infrastructure and Payments on 1 November 2019.
A number of high-profile cases of the alleged systematic use of banks for money laundering have been reported over the last two years, along with reports of investigations and other follow-up measures being taken by national authorities. This has put anti-money laundering (AML) and combating the financing of terrorism (CFT) high on the agenda of…
INTERVIEW Mr de Guindos, how did you find your first days with the new President of the ECB, Christine Lagarde, who succeeded Mario Draghi at the start of November? They were great! We held some initial meetings and discussions which went really well for President Lagarde and for us. Our first Governing Council meeting chaired…
SPEECH Frankfurt am Main, 12 November 2019 Since the outbreak of the global financial crisis, central banks have injected a huge amount of liquidity into the financial system.[1] The monetary policy assets on the Eurosystem’s consolidated balance sheet, for example, have expanded from around €0.5 trillion on the eve of the crisis in July 2008…
PRESS RELEASE 12 November 2019 Today, the private sector working group on euro risk-free rates has published a report on €STR fallback arrangements. The report explains that the working group has assessed two options for possible fallback arrangements for €STR products.
SPEECH outlining the ECB’s role and its functions. I will then briefly touch upon challenges to the European economic outlook that explain the ECB’s latest monetary policy measures
PRESS RELEASE 7 November 2019 Overall credit terms offered to counterparties remained, on balance, broadly unchanged between June and August 2019 in both the securities financing market and the OTC derivatives market. However, price terms for sovereigns and insurance companies tightened. At the same time, non-price terms for banks and dealers and investment funds tightened.…
Exactly five years ago, was certainly a crossroads for the euro area banking sector. The creation of the Single Supervisory Mechanism conferred both micro- and macroprudential responsibilities on