Tag Archives: European Central Bank

European Central Bank publishes draft regulation on statistical reporting requirements for euro area pension funds

ECB publishes, for public consultation, the draft regulation on statistical reporting requirements for pension funds The draft regulation is aimed at increasing transparency in this fast-growing sector of the financial services industry The period of consultation runs from today until … Read the full press release

European Central Bank (ECB): Unchanged credit standards on loans to enterprises reported by Euro area banks in 3Q2016

Loan demand continued to increase across all loan categories, while credit supply conditions remained unchanged for enterprises and improved for households The general low level of interest rates played an important role in contributing to demand for loans to enterprises … Read the full press release

European Central Bank (ECB) makes euro banknotes even more secure; unveils new €50 banknote

New €50 banknote will start circulating on 4 April 2017 €50 is the most widely used euro banknote New secure banknotes underline Eurosystem’s commitment to cash FRANKFURT AM MAIN, 06-Jul-2016 — /EuropaWire/ — The European Central Bank (ECB) today unveiled the … Read the full press release

Governing Council of the European Central Bank (ECB) to permanently stop producing the €500 banknote and to exclude it from the Europa series

ECB has decided to discontinue production and issuance of €500 banknote Europa series of euro banknotes will not include the €500 €500 banknote remains legal tender and will always retain its value Frankfurt am Main, 05-May-2016 — /EuropaWire/ — Today (4 … Read the full press release

European Central Bank (ECB): 445,000 counterfeit euro banknotes withdrawn from circulation in the second half of 2015

445,000 counterfeit euro banknotes were withdrawn from circulation in the second half of 2015. 83% of the counterfeits were €20 and €50 banknotes. All euro banknotes can be verified using the “feel, look and tilt” method. Euro banknotes continue to … Read the full press release

Oesterreichische Nationalbank: European Central Bank’s comprehensive assessment results in capital increases at Sberbank Europe and VTB Bank Austria

VIENNA, 16-11-2015 — /EuropaWire/ — In 2015, another nine European banks were subjected to the European Central Bank’s (ECB) comprehensive assessment. Among these institutions are two Russian subsidiaries that run their European business from Vienna, Sberbank Europe (SBE) and VTB … Read the full press release

Lithuania becomes the 19th member state of the euro area

BRUSSELS, 06-1-2015 — /EuropaWire/ — On 1 January 2015 Lithuania became the 19th member state of the euro area, with euro coins and banknotes entering circulation on the same day. The country joined a number of euro area institutions and euro-related … Read the full press release

European Central Bank released the euro area bank lending survey results for July 2014

Credit standards on loans to enterprises were eased by banks in net terms, for the first time since the second quarter of 2007. Banks reported a narrowing of their margins on riskier loans to enterprises, for the first time since … Read the full press release

European Central Bank’s annual report shows TARGET2, Europe’s leading large-value payment system, processed 2.1% more payments in 2013

TARGET2 processed 91% of the total value settled by large-value euro payment systems Value of transactions decreased by 22.2% on account of new data collection methodology Almost 57,000 credit institutions across the world can be addressed via the system Frankfurt … Read the full press release

Banco de España director Linette Field appointed deputy director-general of Single Supervisory Mechanism at European Central Bank

Madrid, 9-5-2014 — /EuropaWire/ — Linette Field, the current Head of Division of the Directorate General Micro-Prudential Supervision II of the European Central Bank, has been appointed to head one of the six Deputy Directorates General of the Single Supervisory Mechanism (SSM), which … Read the full press release

EU residents can discover the new €10 banknote’s security features in competition launched by ECB

Prior to the unveiling of the new €10 in January 2014, European Union residents can discover the note’s security features in a competition to be launched today. 20 high-scoring players will win €5 VIP banknotes from the Europa series personally … Read the full press release

EU and ECB to help National Bank of Serbia (NBS) prepare to join the European System of Central Banks (ESCB)

Frankfurt, Germany, 16-12-2013 — /EuropaWire/ — National Bank of Serbia, the European Union (EU) Delegation to Serbia and the European Central Bank (ECB) today celebrated the completion of an extensive cooperation agreement with the National Bank of Serbia (NBS) to help the … Read the full press release

EC, ECB statement on the 4th review of Spain financial assistance programme

Brussels, Belgium, 01-10-2013 — /EuropaWire/ — A delegation from the European Commission, in liaison with the European Central Bank, carried out the fourth review of the financial sector assistance programme for Spain from 16 September to 27 September 2013. The International Monetary … Read the full press release

ECB’s EUROPEAN CULTURAL DAYS to feature artists from the next country to adopt the euro Latvia

17-9-2013 — /EuropaWire/ — This year’s EUROPEAN CULTURAL DAYS of the European Central Bank (ECB) features artists from Latvia – the next country to adopt the euro. Under the motto “Enchanting Latvia”, a range of cultural venues across Frankfurt am Main will … Read the full press release

The Bank of England and European Central Bank announced extension of their temporary reciprocal swap agreement

17-9-2013 — /EuropaWire/ — The Bank of England and European Central Bank (ECB) are today announcing an extension of their temporary reciprocal swap agreement (swap line) to Tuesday 30 September 2014. The swap line was established in December 2010 to enable the … Read the full press release

European Central Bank card fraud report reveals declining trend since 2007

16-7-2013 — /europawire.eu/ — Card fraud has been on a declining trend since 2007, thanks to technological advances that are making transactions safer. This is the main conclusion of the second report on card fraud published today by the European Central … Read the full press release

EC, ECB on the conclusion of the third review of the financial assistance programme for Spain

Brussels, 4-6-2013 — /europawire.eu/ —  A delegation from the European Commission, in liaison with the European Central Bank, the European Stability Mechanism and the European Banking Authority, carried out the third review of the financial sector assistance programme for Spain from … Read the full press release

EC, ECB and IMF on the Tenth Review Mission to Ireland

Brussels, 9-5-2013 — /europawire.eu/ — Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) visited Dublin during April 23rd – May 2nd, 2013 for the tenth review of the government’s economic programme and met with … Read the full press release

European Central Bank details of refinancing operations with settlement in the period from 10 July 2013 to 8 July 2014

7-5-2013 — /europawire.eu/ — The Governing Council of the European Central Bank (ECB) has today decided to continue conducting its main refinancing operations (MROs) as fixed rate tender procedures with full allotment for as long as necessary, and at least until … Read the full press release

ECB Monetary policy decisions

3-5-2013 — /europawire.eu/ — At today’s meeting, which was held in Bratislava, the Governing Council of the ECB took the following monetary policy decisions: The interest rate on the main refinancing operations of the Eurosystem will be decreased by 25 basis … Read the full press release

MEPs quizzed ECB Vice-President Vitor Constancio on credit flow to businesses and households

29-4-2013 — /europawire.eu/ — MEPs quizzed European Central Bank Vice-President Vitor Constancio on what more can be done to help credit flow to businesses and households, whether austerity is the right recipe, ECB transparency and possible interest rate cuts at Wednesday’s … Read the full press release

The European Investment Bank will step up its annual lending by more than 40 percent, to around EUR 70bn

29-4-2013 — /europawire.eu/ — The EIB is one of “five major building blocks” for economic recovery and sustainability according to an editorial article published today in the International Herald Tribune and co-signed by Olli Rehn, European Commissioner for economic and monetary affairs; Jeroen … Read the full press release

ECB report on the results of the April 2013 euro area bank lending survey

24-4-2013 — /europawire.eu/ — The European Central Bank (ECB) is publishing its report on the results of the April 2013 euro area bank lending survey today. The bank lending survey, which is conducted four times a year, usually at the … Read the full press release