European Central Bank (ECB)

333 results about this entity

Period: 16 Feb 2007 - 19 Dec 2024

ECB tells firms to buck up Sepa migration efforts

The European Central Bank (ECB) has warned that many companies are leaving Sepa migration too late, leaving themselves open to serious problems when the February 2014 deadline arrives.

Back office costs for T2S to run as high as EUR27 million

European banks and broker-dealers are lagging in their understanding of the impact of the European Central Bank's plans for harmonising settlement under the Target2Securities platform, with migration costs for back offices estimated at anywhere between seven million euros and EUR27 million.

ECB signs for Thomson Reuters Eikon

The European Central Bank has signed a three year deal to roll out Thomson Reuters' Eikon desktops across the ECB and 18 participating national central banks.

US sets sights on ECB's Target2 over Iran sanctions

US lawmakers are putting together a bill designed to make it harder for Iranian firms to use the European Central Bank's Target2 cross-border payments system, according to press reports.

ECB seeks to improve online payments security

The European Central Bank has outlined plans to improve the security of Internet payments, requiring firms to beef up their customer authentication processes.

Clearstream to pass on EUR30 million T2S development costs to customers

European depository Clearstream plans to pass on to its customers an estimated EUR30 million in development costs for migrating to the European Central bank's Target2-Securities (T2S) system.

ECB extends T2S deadline; weak trading hits volume and pricing assumptions

The European Central Bank may be forced into a rethink of the charging structure for the Target2Securities settlement platform as weak trading in Eurozone markets hits previously optimistic volume assumptions.

European Central Bank warns of virtual currency risks

The growth of virtual currency schemes such as Bitcoin and Second Life's Linden Dollars, could have a negative reputational impact on central banks due to their inherent instability, warns the European Central Bank.

Swift wins T2S connectivity deal with CSD consortium

Link Up Markets, a consortium of 11 European central securities depositories (CSDs), has selected financial messaging network Swift to provide connectivity to Target2-Securities, the new pan-European settlement infrastucture under construction by the European Central Bank.

ECB explores the social costs of payments

The social costs of making retail payments in the EU amounts to EUR45 billion, or nearly one percent of the combined GDP of the 13 member states surveyed by the European Central Bank.

Non-cash payments on the rise in EU

More than 90 billion non-cash payments were made in the EU last year, nearly five per cent up on 2010 thanks to rising use of credit and debit cards, according to European Central Bank figures.

Euroclear to join T2S project

The European Central Bank's plans to develop a common framework for securities settlement across Europe have been boosted by the agreement of three Euroclear central depositories in Belgium, France and The Netherlands to participate in the scheme.