News

Padoa-Schioppa to Head BIS payments committee

Tommaso Padoa-Schioppa, ECB's banking supervision supremo, has been appointed chairman of the Committee on Payment and Settlement Systems (CPSS) based at the Bank for International Settlements in Basel

ECB posts loss in 1999

During 1999, in its first full year of operation, the European Central Bank(ECB) posted a loss of EUR 247m.

ECB posts loss in 1999

During 1999, in its first full year of operation, the European Central Bank(ECB) posted a loss of EUR 247m.

Interbank rates fall as year-end passes

Pressure on the banking industry eased slightly on Wednesday with spreads between money market and central banks' benchmark interest rates narrowing as the end-of-year liquidity panic passed. The falls indicate that the central banks' efforts to…

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