Articles with tag like: ECB

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ECB board member outlines potential risk for banks if Europe launches a digital euro

News | Cryptocurrencies | 12 Feb 2021

Fabio Panetta, board member of the European Central Bank (ECB), has outlined three potential types of risks to banks from a central bank digital currency (CBDC).

CBDCs, digital euro, banks, Central banks, ECB, bank account, digital currency, Europe

European Commission, ECB to review digital euro

News | Cryptocurrencies | 22 Jan 2021

The EC and the ECB have partnered to work through a range of key legal, policy, and technical questions that may arise as the Eurosystem moves towards the introduction of a digital euro, according to The Daily Hodl.

European Commission, ECB, digital euro, central bank, CBDC, digital currency, privacy, trust

ECB president says Bitcoin should be regulated

News | Cryptocurrencies | 14 Jan 2021

European Central Bank (ECB) president Christine Lagarde has advised that Bitcoin is ‘highly speculative’ and needs to be regulated.

ECB, Bitcoin, cryptocurrency, AML, money laundering, digital euro, CBDC, crypto regulations

Italy to take on USD 17 bln of UniCredit bad loans to ease MPS sale, Reuters

News | Payments General | 08 Jan 2021

Italy has plans to take on about EUR 14 billion (USD 17 billion) of UniCredit’s impaired loans to make a takeover of state-owned Monte dei Paschi more attractive for the bank, according to Reuters

Italy, UniCredit, MPS, Monte dei Paschi bank, takeover, AMCO, debt, high-risk loans, treasury, Mediobanca, UBS, JP Morgan, Credit Suisse, Bank of America, Orrick, ECB

EU to help banks affected by COVID-19 to keep lending

News | Payments General | 17 Dec 2020

The European Union has planned to help banks jettison soured loans more easily and continue lending to households and business hit by the COVID-19 pandemic, according to Reuters.

EU, banks, COVID-19, lending, Reuters, European Union, ECB, European Central Bank, European Commission, NPL, pandemic, loans

ECB believes bank profits won't recover before 2022

News | Payments General | 27 Nov 2020

ECB has released its latest stability review, predicting that Europe-based banks will not see profits return to pre-pandemic levels before 2022, according to CNBC.

ECB, European Central Bank, bank, profits, lender, ROE, pandemic, COVID-19, banking, vaccine

European Central Bank selects Sia and Colt to connect to Eurosystem market infrastructure

News | Online & Mobile Banking | 20 Nov 2020

The European Central Bank (ECB) has chosen SIA and Colt Technology Services for its connection to the Eurosystem market infrastructures through a single access interface.

European Central Bank, SIA, Colt Technology Services, Eurosystem Single Market Infrastructure Gateway, ESMIG, product launch, partnership, payments, banking, ECB

ECB to conduct independent review of payments system outage

News | Payments General | 18 Nov 2020

The European Central Bank (ECB) will launch an independent review of an incident that affected its real-time gross settlement system TARGET2 on 23 October 2020.

European Central Bank, ECB, real-time gross settlement system, TARGET2, payments, Eurosystem, banks, Central banks

ECB announces Eurosystem oversight framework for electronic payments

News | Payments General | 10 Nov 2020

The Eurosystem has published the oversight framework for electronic payment instruments, schemes, and arrangements, called PISA, for public consultation.

ECB, Eurosystem, oversight, framework, electronic payments, payment instruments, PISA, payment schemes, payment arrangements

European Central Bank's glitch reduced bank deposits by EUR 400 bln

News | Payments General | 02 Nov 2020

A glitch in the European Central Bank’s system for settling large-value payments by commercial and central banks has resulted in a drop in deposits worth more than EUR 400 billion.

European Central Bank, ECB, banking, TARGET2, glitch

The European Central Bank asks for public's opinion on CBDC

News | Cryptocurrencies | 02 Nov 2020

The European Central Bank has announced a survey of public opinion regarding the issuance of a digital euro, implying the central bank is considering a retail CBDC.

European Central Bank, ECB, central bank digital currency, CBDC, survey, Europe

ECB launches feasibility study into instant cross-border payments in Sweden

News | Online Payments | 12 Oct 2020

European Central Bank (ECB), in collaboration with Sveriges Riksbank, has announced it is launching an investigation into how the platform could support low-cost instant cross-currency transactions.

ECB, European Central Bank, tips, Target Instant Payment Settlement, instant payments, Sweden, Europe, digital payments, real-time low cost payments, merchant payments, ecommerce, consumer goods payments

ECB to launch consultation paper on the 'digital euro'

News | Cryptocurrencies | 12 Oct 2020

The European Central Bank will be launching a public consultation and start experiments to help decide whether to issue 'digital euro' for 19-nation block.

digital euro, CBDC, payments, banking, digital euro, Europe, ECB, Consultation Paper

ECB should plan digital euro issuance, board member says

News | Online & Mobile Banking | 02 Oct 2020

A board member of the European Central Bank has declared that the bank should prepare to issue a digital euro to complement banknotes, according to Reuters.

ECB, European Central Bank, Europe, digital euro, banknotes, banks, Central banks, digital currencies, electronic payments, private tokens, Bitcoin, Facebook, Libra, electronic money, Commercial Bank, Bluetooth, pre-paid cards, banking system

ECB aims to trademark the term 'Digital Euro' amid feasibility study

News | Cryptocurrencies | 02 Oct 2020

As European Central Bank officials prepare to release an assessment of the benefits and drawbacks of creating a digital version of the euro, the ECB has applied to trademark the term ‘Digital Euro’.

European Central Bank, ECB, digital euro, blockchain, crypto, digitalisation

ISO 20022 migration to continue despite delays, Deutsche Bank paper

News | Online & Mobile Banking | 25 Sep 2020

Deutsche Bank has released a new ‘Guide to ISO 20022 migration’ whitepaper, which offers an update regarding industry shift to the de facto global standard for financial messaging: ISO 20022.

ISO 20022, Deutsche Bank, migration, report, Guide to ISO 20022, industry shift, financial messaging standard, global standard, SWIFT, market infrastructures, correspondent banking, Transaction Management Platform, TMP, central transaction processing, ECB, EBA clearing, Bank of England

Digital Euro seen as an alternative to 'private digital currencies', ECB

News | Cryptocurrencies | 25 Sep 2020

The European Central Bank (ECB) has been analysing the benefits and risks of a digital currency, according to its president, Christine Lagarde.

European Central Bank, ECB, Christine Lagarde, digital euro, digital currency, cryptocurrency, blockchain, retail payments

The pan-European payment system initiative to be launched very soon

News | Online Payments | 01 Jul 2020

Twenty big European banks are getting ready to create a payment standard called the Pan-European Payment System Initiative (PEPSI), reports Electronic Payments International.

Pan-European Payment System Initiative, PEPSI, payments, banks, European Central Bank, ECB, European Commission

Euro zoned banks borrow EUR 1.31 trillion from ECB

News | Payments General | 22 Jun 2020

Banks from the euro zone have borrowed EUR 1.31 trillion from the European Central Bank (ECB).

banks, ECB, European Central Bank, loans

ECB hands Banks EUR 851 mln in PELTRO funding

News | E-invoicing, SCF & E-procurement | 22 May 2020

The European Central Bank (ECB) has doled out EUR 851 million to euro-area banks in the first round of a new liquidity program launched in April 2019. 

ECB, banks, the European Central Bank, euro, PELTRO, loans