European Central Bank (ECB)

333 results about this entity

Period: 16 Feb 2007 - 19 Dec 2024

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ECB confirms delay to T2S

ECB confirms delay to T2S

The European Central Bank confirms that it has ripped up its original timetable for the introduction of a pan-European securities settlement system as it seeks to streamline its working procedures and gain a new consensus around the controversial project.

ECB to set back T2S timetable to beyond 2013

ECB to set back T2S timetable to beyond 2013

The European Central Bank has been forced to set back the deadline for the introduction of a new pan-European securities settlement system by up to a year as negotiations over pricing and governance drag on, according to a report in the Financial Times.

European banks call for more political backing for Sepa

European banks call for more political backing for Sepa

The European Payments Council has called on EU authorities to initiate a Sepa communications campaign "comparable to that afforded for the euro introduction" to kick start public support for the Single Euro Payments Area project.

T2S spat turns up the heat at Sibos

T2S spat turns up the heat at Sibos

A progress report by the European Central bank on the controversial Target2Securities integrated settlement project descended into a three-way spat between agent banks, securities depositories and the central bank over costs, timetabling and information transparency at a hot and heavy Sibos session in Hong Kong.

New schemes vital to Sepa for cards success - ECB's Tumpel-Gugerell

New schemes vital to Sepa for cards success - ECB's Tumpel-Gugerell

MasterCard and Visa need to be challenged by at least one new scheme if Sepa (Single euro payments area) for cards is to succeed, according to ECB executive board member Gertrude Tumpel-Gugerell.

T2S gains multilateral agreement, despite UK concerns

T2S gains multilateral agreement, despite UK concerns

The European Central Bank (ECB) and the 16 national central banks of the euro area have signed a Memorandum of Understanding with 27 European central securities depositories covering obligations and responsibilities for the next stage of the Target2-Securities (T2S) project.

German and French banks push ahead with new debit card scheme

German and French banks push ahead with new debit card scheme

German and French banks, including Deutsche Bank and Societe Generale, have stepped up efforts to create a new European debit card scheme to challenge MasterCard and Visa.

Bank of England raises T2S concerns

Bank of England raises T2S concerns

The Bank of England has raised serious doubts over whether it will join the European Central Bank's Target2-Securities (TS2) integrated settlement system.

Eurozone banks told to ditch direct debit interchange by 2012

Eurozone banks told to ditch direct debit interchange by 2012

Europe's banks have been told that they will have to ditch interchange fees on direct debit transactions by 2012 under EU antitrust rules.

Migration date to SCT and SDD schemes must be set - ECB's Tumpel-Gugerell

Migration date to SCT and SDD schemes must be set - ECB's Tumpel-Gugerell

Over a year after its launch, the Sepa credit transfer (SCT) scheme still only accounts for less than two per cent of total CT volume in the euro area, prompting ECB executive board member Gertrude Tumpel-Gugerell to call for a definitive date for migration from national systems.

CESR finds huge variation in fines for MiFID non-compliance

CESR finds huge variation in fines for MiFID non-compliance

The Committee of European Securities Regulators (CESR) has published a review of supervisory powers and practices, and administrative and criminal sanctioning regimes across Europe in relation to MiFID. It found greater convergance of approaches to regulating markets and MTFs than for investment firms. And it found administrative and criminal fines for non-compliance with the directive differ massively from country to country.

European Central Bank calls for 'urgent' action on Sepa

European Central Bank calls for 'urgent' action on Sepa

The European Central Bank has called for an overhaul of governance and management of the European Payments Council in its latest report on impediments to the creation of a Single Euro Payments Area (Sepa).

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