The European Central Bank (ECB) has intensified work on the hypothetical introduction of a digital euro, an issue on which a public consultation will begin on October 12 with a parallel experimentation phase. Meanwhile, the Eurosystem will continue to issue cash.
"The euro belongs to Europeans and…
Read More...
Browsing Tag
European Central Bank
ECB warns about the possible end of the moratorium
The European Central Bank (ECB) urged banks not to postpone risk management obligations by early identification of delinquencies and taking action "on a case-by-case" basis in order to adopt the relevant provisioning measures in view of the…
Christine Lagarde: Digital euro could strengthen the European payment system
Faced with a still uncertain economic recovery, the president of the European Central Bank, Christine Lagarde, is in favor of the issuance of a digital euro which, in her opinion, would strengthen the European payment system.
This was…
ECB proposes to reduce the information burden on banks
The European Central Bank (ECB) has proposed to reduce the information burden that banks have to assume in exchange for raising the quality of data and cooperation between supervisory agencies, according to a report published on Monday.…
Caixabank and Bankia join forces to create the largest bank in Spain
Caixabank (MC: CABK) and Bankia (MC: BKIA) join forces to merge their assets into what will be the largest bank in number of assets in Spain, with the aim of gaining ground in the financial market based on efficiency and profitability in…
ECB purchases exceed 30,000 million euros
During the last week, the European Central Bank (ECB) increased the volume of purchases under its pandemic emergency program (PEPP), exceeding for the first time 30,000 million euros per week since the beginning of June the Governing…
Italian banks support the digital euro
The group of 700 Italian financial institutions, known as the Italian Banking Association (IBA), announced its support for the adoption of a digital currency issued by a central bank in Europe.
Italian banks showed their willingness to be…
Euro, the favorite currency for issuing green bonds
The euro gained strength in 2019 as the second most used currency in the world, which maintains its hegemony as a global reserve currency without question, except in the field of green bond issuance, where euro-denominated issues again led…
IBEX rises to 4.04% this week
The main benchmark stock index of the Spanish stock market, IBEX 35, accumulated this Friday the 7,872.6 points for the first time since the beginning of March, adding a figure of 4.04%. In this regard, earnings for the week stood at…
European banking requests about 15,000 million euros to the ECB
Most of the funds, as every week, have been requested in the twelfth round of long-term financing operations (LTRO) that the ECB announced to respond to liquidity demands from banks until June, such as part of his first response to…
ECB liquidity falls in two auctions
European banks have requested 36,923.18 million euros from the European Central Bank (ECB) in the two liquidity auctions that the issuing institute has carried out on Tuesday, while the daily dollar auction, which is part of the 'swap…
The EU activates a € 25.000 million fund to strengthen its economy
The European Union (EU) is preparing to “do everything necessary for the European economy to pass through this storm,” said the president of the Commission, Ursula von der Leyen, after an extraordinary summit held by videoconference of the…