European Central Bank

ECB publishes new statistics on the distribution of household wealth

Retrieved on: 
Tuesday, January 9, 2024

Through its TARGET Services, the Eurosystem facilitates the settlement of wholesale financial transactions in central bank money, the safest and most liquid settlement asset.

Key Points: 
  • Through its TARGET Services, the Eurosystem facilitates the settlement of wholesale financial transactions in central bank money, the safest and most liquid settlement asset.
  • Settling such transactions in central bank money helps to reduce risks to the financial system and to support financial stability and trust in the currency.

Christine Lagarde: Tribute article on Wolfgang Schäuble for Die Zeit

Retrieved on: 
Thursday, January 4, 2024

- INTERVIEW

Key Points: 
  • - INTERVIEW
    Tribute article on Wolfgang Schäuble for Die Zeit
    Tribute article on Wolfgang Schäuble for Die Zeit by Christine Lagarde, President of the ECB
    3 January 2024
    When I think of Wolfgang Schäuble, the first image I see is him sitting across from me at the table of the French cabinet in the Élysée Palace, the first German finance minister to participate in such a meeting.
  • I remember the dedicated public servant, a master of diplomacy with the intellectual ability to understand opposing viewpoints.
  • The recent passing of my dear friend and colleague saddens me deeply, and my heart goes out to his family.
  • When Europe’s sovereign debt crisis came, Wolfgang was a calming influence, reminding us that the euro is much more than just a currency.

ECB Consumer Expectations Survey results – October 2023

Retrieved on: 
Wednesday, January 3, 2024

Communication shocks from the US spill over to risk in the euro area and vice versa, but traditional US shocks show no spillover effects to risk.

Key Points: 
  • Communication shocks from the US spill over to risk in the euro area and vice versa, but traditional US shocks show no spillover effects to risk.
  • Both monetary policy and communication shocks spill over to stocks, with euro area information spillovers being particularly strong.

Frank Elderson: Powers, ability and willingness to act – the mainstay of effective banking supervision

Retrieved on: 
Wednesday, January 3, 2024

Communication shocks from the US spill over to risk in the euro area and vice versa, but traditional US shocks show no spillover effects to risk.

Key Points: 
  • Communication shocks from the US spill over to risk in the euro area and vice versa, but traditional US shocks show no spillover effects to risk.
  • Both monetary policy and communication shocks spill over to stocks, with euro area information spillovers being particularly strong.

ECB publishes study on environmental impact of euro banknotes

Retrieved on: 
Wednesday, January 3, 2024

- PRESS RELEASE

Key Points: 
  • - PRESS RELEASE
    ECB publishes study on environmental impact of euro banknotes
    11 December 2023
    - Environmental footprint of a person’s yearly use of euro banknotes equivalent to driving 8 km by car
    - Eurosystem committed to further reducing environmental impact of banknotes, while ensuring cash is widely available and accepted
    The European Central Bank (ECB) today published an environmental footprint study of euro banknotes as a payment instrument.
  • It shows that the average environmental footprint for payments with banknotes was 101 micropoints (µPt) per euro area citizen in 2019.
  • This is equivalent to driving a car for 8 km, or 0.01% of the total environmental impact of a European citizen’s annual consumption activities.
  • The study measures the potential environmental impact of all activities in a full cycle of euro banknotes – from raw material acquisition, manufacturing, distribution and circulation, to disposal by euro area national central banks (NCBs).

ECB appoints Thijs van Woerden as Director General Horizontal Supervision

Retrieved on: 
Wednesday, January 3, 2024

- PRESS RELEASE

Key Points: 
  • - PRESS RELEASE
    ECB appoints Thijs van Woerden as Director General Horizontal Supervision
    12 December 2023
    - Thijs van Woerden has over 25 years’ experience in banking and insurance supervision
    - Business area develops supervisory methodologies and policies, conducts industry-wide assessments
    The Executive Board of the European Central Bank has appointed Thijs van Woerden as Director General Horizontal Line Supervision.
  • In his new role Mr van Woerden will be responsible for providing the strategic direction of and managing horizontal line supervision.
  • Alongside other areas of European banking supervision, this business area helps to develop and nurture a common understanding and coordinated approach to supervisory tasks.
  • The thematic supervisory teams of the Directorate General Horizontal Line Supervision perform horizontal tasks relating to all banks subject to European banking supervision.

ECB consults on draft recast Regulation on investment fund statistics

Retrieved on: 
Wednesday, January 3, 2024

18 December 2023

Key Points: 
  • 18 December 2023
    - ECB launches public consultation on draft recast Regulation on investment fund statistics
    - ECB seeks feedback by 12 February 2024
    - Recast Regulation will improve analytical value of data
    The European Central Bank (ECB) is today launching a public consultation on a draft recast ECB Regulation on investment fund statistics.
  • The principal purpose of investment fund statistics is to provide policymakers with a comprehensive and timely picture of developments in the investment fund sector in the euro area.
  • The draft recast Regulation introduces additional reporting requirements that allow enhanced analysis of such developments, including features which support other ECB datasets.
  • Notes:
    - Reporting of investment fund statistics is governed by Regulation (EU) No 1073/2013 of the European Central Bank of 18 October 2013 concerning statistics on the assets and liabilities of investment funds (recast) (ECB/2013/38) (OJ L 297, 7.11.2013, p. 73).

Banks and insurance have key role to play in reducing climate-related financial stability risks, joint ECB/ESRB report finds

Retrieved on: 
Wednesday, January 3, 2024

Communication shocks from the US spill over to risk in the euro area and vice versa, but traditional US shocks show no spillover effects to risk.

Key Points: 
  • Communication shocks from the US spill over to risk in the euro area and vice versa, but traditional US shocks show no spillover effects to risk.
  • Both monetary policy and communication shocks spill over to stocks, with euro area information spillovers being particularly strong.

Luis de Guindos: Interview with 20 Minutos

Retrieved on: 
Wednesday, January 3, 2024

Communication shocks from the US spill over to risk in the euro area and vice versa, but traditional US shocks show no spillover effects to risk.

Key Points: 
  • Communication shocks from the US spill over to risk in the euro area and vice versa, but traditional US shocks show no spillover effects to risk.
  • Both monetary policy and communication shocks spill over to stocks, with euro area information spillovers being particularly strong.

ECB adjusts its capital key

Retrieved on: 
Wednesday, January 3, 2024

Communication shocks from the US spill over to risk in the euro area and vice versa, but traditional US shocks show no spillover effects to risk.

Key Points: 
  • Communication shocks from the US spill over to risk in the euro area and vice versa, but traditional US shocks show no spillover effects to risk.
  • Both monetary policy and communication shocks spill over to stocks, with euro area information spillovers being particularly strong.