European Central Bank (ECB)

324 results about this entity

Period: 16 Feb 2007 - 09 Sep 2024

Disruptor in chief Lagarde tapped for top ECB role

The imminent arrival of IMF managing director Christine Lagarde as the new president of the European Central Bank may harbour a greater role for central bank-backed digital currencies in managing the retreat from cash in developed economies.

/regulation

ECB appoints new head of market infrastructure and payments as Bayle steps down

The Executive Board of the European Central Bank (ECB) has appointed Ulrich Bindseil as Director General of Market Infrastructure and Payments (DG-MIP).

Swift to test real-time cross border payments in Europe

Banks from France, Germany, Italy, Luxembourg, Russia and Spain have joined with Swift to test real-time gpi cross-border payments through the Eurosystem’s Target Instant Payment Settlement (Tips).

/regulation

ECB paper warns of regulatory arbitrage on crypto-assets

While crypto-assets do not currently pose a threat to the euro area's financial stability, a disjointed approach at the national level could trigger regulatory arbitrage and hamper the resilience of the region's financial system, says an ECB paper.

ECB issues call for papers for payments innovation conference

The European Central Bank and the Nationale Bank van België/Banque Nationale de Belgique will host a conference entitled “Crossing the chasm to the retail payments of tomorrow”.

/payments

ECB makes instant payment challenge

The European Central Bank (ECB) is looking to build momentum for its new TIPS instant payments service by calling on firms to showcase their ideas building on the initiative at an event this May.

/payments

New participants join TIPS

Raiffeisenlandesbank, Raiffeisen International, BRED SA and Unicredit AG Germany have joined the TARGET Instant Payment Settlement (TIPS) service, which offers real-time payments around the clock.

ECB chief says instant payments could break Visa/Mastercard duopoly

The European Central Bank is floating the idea of using instant payment rails to link up national card schemes as a means to break the duopoly enjoyed by Visa and Mastercard, who between them account for over 80% of all EU card transactions.

/payments

Eurosystem launches procurement process for Target connectivity service providers

European authorities are inviting bidders for the provision of connectivity services to the Target services for settling payments and securities.

/inclusion

ECB's Cœuré touts faster payments to promote financial inclusion

Boosting financial inclusion in developing markets will require work to broaden access to payment services, possibly through the creation of infrastructure modelled on Europe's new Target Instant Payment Settlement (Tips) and, in the longer term, the introduction of central bank digital currencies (CBDCs), says ECB executive board member Benoît Cœuré.

ECB launches real-time payments system

The European Central Bank has unveiled its response to the rise of digital wallets with the launch of Target Instant Payments Settlement (TIPS), a pan-eurozone instant payments system.

/security

ECB exec: Next financial crisis to arise from cyberattack; bitcoin is "evil spawn"

A senior executive at the European Central Bank has warned that the next financial crisis may be triggered by a cyber attack.