European Central Bank (ECB)

325 results about this entity

Period: 16 Feb 2007 - 01 Oct 2024

Compliance failings continue to dog banks

Banks across the EU are failing to take their compliance duties seriously, says the European Central Bank, which has identified endemic weaknesses in governance, staffing and policy implementation.

/ai

ECB runs AI coding marathon to get new insights into supervisory data

The European Central Bank (ECB) has teamed up with digital innovation outfit Reply to run a 48-hour coding marathon focused on the application of AI and machine learning.

/crypto

Japan to look at issuing digital yen

Japan is the latest country to announce intentions to launch a digital currency, Reuters has reported.

/crypto

Central banks form group to explore digital currency creation

Six of the world's central banks have come together to share their knowledge and experiences in assessing the potential cases for central bank digital currency (CBDC) in their home jurisdictions.

ECB tackles anonymity and AML compliance in digital currency issuance

New research from the European Central Bank shows that it is possible to build a simplified payment system for central bank digital currencies, while safeguarding users’ privacy for low-value transactions and ensuring that higher-value transfers are subject to anti-money laundering checks.

/sustainable

ECB poised to champion climate change action under Lagarde

As part of a strategic review of the ECB’s purpose, the bank’s president Christine Lagarde will underline action on climate change as a fundamental component of monetary policy.

ECB offers support to bank-backed alternative to Visa and Mastercard

The European Central Bank has welcomed an initiative by some of Europe's top banks to explore the development of a rival payment system to challenge the dominance of Visa and Mastercard and the threat from Chinese and US Big Tech firms

French central bank floats European CBDC

France's central bank is urging Europe to explore the development of a wholesale central bank digital currency (CBDC).

EU banks contemplate rival to card schemes and Big Tech

Twenty European banks are reportedly working on the development of a rival payment system to challenge the dominance of Visa and Mastercard and the threat from Chinese and US Big Tech firms, according to a report by AFP.

Euro area card payments double in a decade

The number of card payments in the euro area have more than doubled in a decade as consumers increasingly dispense with the hassle of carrying notes and coins, according to the latest statistics from the European Central Bank.

ECB Exec: Libra has been a "wake up call" for central bankers

ECB executive board member Benoit Coeure says that the arrival of Facebook's putative cryptocurrency Libra has been a "wake up call" for central banks, and that public authorities should step up co-operation on the development of central bank backed digital currencies (CBDC)

/security

ECB shuts down website hit by hackers

The European Central Bank has shut down its Banks’ Integrated Reporting Dictionary (Bird) website after it was hacked and injected with malware.