Tag Archives: ECB
ECB publishes the latest version of its Supervision Letter
The European Central Bank (ECB) has published the latest edition of its Supervision Letter. The August edition includes a recording of an interview with Ed Sibley, Deputy Governor of the Central Bank of Ireland and ECB Supervisory Board member, discussing the importance of all forms of diversity to the governance, culture and risk profile of banks. In […]
ECB publishes draft regulation on money market statistics
The ECB has published a draft Regulation amending the Money Market Statistical Reporting (MMSR) Regulation. Since July 2016, the ECB has used the MMSR Regulation to collect data on the euro money market. In addition, detailed data has been reported by large euro area banks on transactions denominated in euro in the unsecured, secured, foreign exchange […]
ECB: Brexit clock is ticking
Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, talks about developments in the preparatory work of banks and supervision in light of the UK leaving the European Union, Supervision Newsletter (Summer 2017) In summary, Lautenschläger said that: all affected banks should prepare themselves with […]
ECB sets out its approach to implementing the FX global code
The European Central Bank (ECB) published a press release setting out its approach to implementing the FX global code. The FX Global Code is a set of global principles of good practice in foreign exchange markets, developed by central banks and market participants from 16 jurisdictions around the globe in order to promote a robust, […]
ECB to develop a service for the settlement of instant payments by end of 2018
The Governing Council of the ECB has decided to develop a new service for the settlement of instant payments. The new service, TARGET instant payment settlement (TIPS), will enable citizens and firms to transfer money between each other in real time and will be available around the clock, 365 days a year. The ECB is […]
EBA speaks on bank supervision priorities
Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, gave a speech on what ECB regards as the four key priorities for successful bank supervision: Global approach to regulation: banking is conducted globally and requires regulation on an equivalent scale. Banking reforms have dominated European discussions […]
ECB warns that relocating banks need to act fast
Ms Lautenschläger (Vice-Chair of the Supervisory Board of the ECB) made the remarks whilst a technical workshop hosted by the ECB for banks considering relocating as a result of Brexit. Lautenschläger stressed that relocating will require significant and highly efficient planning efforts as well as resources. Lautenschläger made it clear that the European regulators would not […]
“Same business, same risks, same rules” – ECB comments on regulation of Fintech
In a statement made at an ECB Fintech Workshop, Sabine Lautenschläger (Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB) told the audience how the ECB sees some of the following as risks: New players make the market more competitive. And that could squeeze profits and force […]
ECB reflects on supervisory priorities for 2017
Danièle Nouy, Chair of the Supervisory Board of the ECB, made the introductory statement in Brussels yesterday. Current supervisory priorities comprise three high-level areas: business models and profitability drivers; credit risk with a focus on NPLs and concentrations; risk management. These priorities reflect the ECB’s view that the key risks identified in 2016 remain, for the most part, […]
ECB makes statement on standards for Eurozone bank licences after a ‘hard Brexit’
In a statement by Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, Lautenschläger considered that any bank that moves to the euro area will have to meet the ECB’s standards – regardless of whether it comes from the UK or any other place. Most […]