RSSEuropean Central Bank (ECB)

Open letter: Next #ECB president’s legitimacy requires more open and transparent appointment process

Open letter: Next #ECB president’s legitimacy requires more open and transparent appointment process

| June 21, 2019

Ahead of an important European Council meeting, 16 NGOs led by Positive Money Europe have co-signed an open letter addressed to Donald Tusk (pictured) demanding a stronger appointment process in line with the independence of the European Central Bank, writes Alessia Del Vasto. As of November, Mario Draghi will leave his position as president of the European […]

Continue Reading

ECB’s #Villeroy says monetary policy stance ‘appears appropriate’

ECB’s #Villeroy says monetary policy stance ‘appears appropriate’

| May 15, 2019

The European Central Bank’s latest economic forecasts are still valid and its monetary policy stance appears to be appropriate, ECB policymaker Francois Villeroy de Galhau (pictured) said on Tuesday (14 May), writes Leigh Thomas. “In our latest forecast in March, we expected a significant but temporary slowdown. Notwithstanding persistent and substantial geopolitical uncertainties, recent economic data does […]

Continue Reading

#ECB reshuffle kicks into high gear

#ECB reshuffle kicks into high gear

| February 1, 2019

The eurozone’s leaders have started to battle over appointments that will reshape the European Central Bank, the 19-country currency bloc’s most powerful institution, in the next few months, writes Balazs Koranyi. WHICH JOBS ARE UP FOR GRABS? The terms of the ECB’s chief economist Peter Praet (May 31), ECB President Mario Draghi (Oct. 31) and […]

Continue Reading

#CryptoCurrency – European Banking Authority asks EU for consistent accounting treatment of crypto-assets

#CryptoCurrency – European Banking Authority asks EU for consistent accounting treatment of crypto-assets

| January 10, 2019

The European Banking Authority (EBA) published the results of its assessment of the applicability and suitability of EU law to crypto-assets. Typically, crypto-asset activities do not constitute regulated services within the scope of EU banking, payments and electronic money law, and risks exist for consumers that are not addressed at the EU level. Crypto-asset activities […]

Continue Reading

Bernd Lucke MEP – #ECJ goes against EU treaties in allowing #ECB monetary financing

Bernd Lucke MEP – #ECJ goes against EU treaties in allowing #ECB monetary financing

| December 14, 2018

“This ruling is frightening: the European Court of Justice now explicitly allows the European Central Bank to provide monetary financing, provided that it is temporary. The court clearly shot over its target of helping the ECB,” warned ECR Group MEP Bernd Lucke following a judgement from the ECJ on a case brought with a group […]

Continue Reading

Growth slowdown in eurozone is a return to normal – #ECB

Growth slowdown in eurozone is a return to normal – #ECB

| November 14, 2018

Eurozone growth is merely returning to normal after an exceptional 2017 and the slowdown is primarily due to weaker external demand, European Central Bank Vice President Luis de Guindos said on Monday (12 November), writes Balazs Koranyi. He added that negative market spillovers from Italy’s recent budget tussle were so far limited, and argued that […]

Continue Reading

From #QE to #QT: Five questions for the #ECB

From #QE to #QT: Five questions for the #ECB

| September 14, 2018

The European Central Bank met on Thursday (13 September), just weeks before a new halving of monthly asset purchases in October that will mark the next step in the unwinding of its massive monetary stimulus, writes Dhara Ranasinghe. As it moves away from unprecedented quantitative easing (QE) and towards quantitative tightening (QT), investors were looking […]

Continue Reading