Tag Archives: ECB

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 […]