European Central Bank (ECB)
ECB stands firm on fining banks over climate risks
Board member says lenders could pay daily penalties for not addressing environmental concerns
Climate stress tests are cold comfort for banks
Flaws in regulators’ methodology for gauging financial impact of climate change undermine transition efforts, argues modelling expert
ECB official open to offering liquidity aid to non-banks
Deputy director doesn’t rule out copying UK plan to extend repo facility to pension funds and life insurers
How (not) to review your monetary policy framework
The Fed made some mistakes in its last strategy review. As it prepares to have another go, it could learn from other central banks
Energy data is ‘must-have’ for managing credit risk – Elderson
ECB board member calls for real data from energy efficiency certificates instead of proxies
Supervisors use generative AI to tame ‘chaotic’ data
Officials merge credit databases with unstructured reports to sharpen bank oversight, explains Banco de España ex-deputy
Central banks should examine demographics – Finnish governor
Rehn says sharp decrease in hours worked and increased immigration may not continue
Previous CBDC research based on outdated assumptions – ECB paper
Authors say rejecting digital cash would have adverse unintended consequences
ECB cuts rates by 25bp
Eurozone growth projections revised downwards as German economy slows
Draghi report calls for step change in EU investment
Former ECB chief says bloc should revive securitisation and finish capital markets union to stay competitive
ECB’s Cipollone positive about September rate cut
Data “confirms our direction of travel”, board member says
The post-Archegos risk model rebuild begins… slowly
Following regulatory prodding, banks start to overhaul counterparty risk models. A flurry of new research on the topic may aid the effort
Schnabel outlines alternative scenarios for eurozone inflation
ECB board member says uncertainty looms over trajectory for prices
Mortgage reforms, surprise rate hikes harm renters – ECB study
Researchers say young people could lose equivalent of 1% of their lifetime consumption
Financial literacy quickens monetary policy reaction – study
Improving people’s knowledge of money matters could strengthen transmission
BIS paper links interest rate risk to bank lending supply
Monetary tightening affects bank lending more when “duration gap” is larger, authors find
‘State-dependent’ model sheds light on inflation surge
Bank of Spain’s Galo Nuño says changing key pricing assumption helps explain “immaculate disinflation”
Honey, I shrunk the Fed. (Not a sci-fi fantasy)
Promoting the discount window may be the Fed’s key to shrinking its $7trn balance sheet, says Bill Nelson
Customer verifications have slashed fraud across Europe – ECB, EBA study
Problem greater in non-EEA countries with looser security requirements, says research
Stablecoin issuers pose short-term outflow risk to lenders – study
Research finds crypto assets weaken liquidity coverage ratios
ECB sees ‘areas for improvement’ following cyber stress test
Experiment focuses on response and recovery from database losses on 109 banks
Income not main determinant of inflation variances – ECB study
Research claims “fixed shopping basket” method not helpful for measuring differences across households
Macro-prudential announcements cut systemic risk, paper finds
BoE paper says unexpected changes that tighten policy are effective
European Central Bank holds rates
Inflation set for return to target in 2025, as Lagarde defends ECB response to staff burnout