European Central Bank (ECB)
Covered bond market reopens cautiously
Market making in the European interbank covered bond market reopened this afternoon, after being closed since last week, but with new conditions imposed by its governing body, the European Covered Bond Council (ECBC).
Interbank covered bond market shuts down
Market making in the interbank market in European covered bonds has been shut down for the rest of the week, to prevent spreads widening and volatility growing.
Bank of England and ECB act to boost markets
The Bank of England (BOE) and the European Central Bank (ECB) both left interest rates unchanged, but eased liquidity supply as the credit squeeze continued today.
ECB president underlines three risks to financial stability
Trichet outlines risks in hedge, LBO and credit risk transfer
Downsizing and consolidation continues to be the trend in the EU banking sector
The ECB’s annual report on banking structures shows that consolidation remains the most important structural development in the EU banking sector.
Main challenge to sustainable growth is regulatory convergence, says vice-president of the ECB
Faster and sustainable growth may be hindered if the ultimate goal of regulatory convergence is not met, according Lucas Papademos.
European, Chinese and Mexican central banks join BIS board
Bank for International Settlements (BIS) has expanded its director base to include elected representatives from the European Central Bank (ECB), People's Bank of China and Bank of Mexico. The move takes the number of board members to 20 and marks the…
European securitisation reaches highest levels
Demand from investors seeking higher investment-grade yields drove the issuance of European securitisation to its highest level last year, according to the latest quarterly report from the European Securitisation Forum (ESF). Issuance reached €319.6…
Two new consultation papers from CEBS
LONDON – The Committee of European Banking Supervisors (CEBS) launched two substantial consultation papers in June – one on the supervisory review process and the second on credit rating agencies.
Progress continues on EU single payment area
Frankfurt – The European Central Bank (ECB) is continuing its push for the creation of a single euro payments area (SEPA), and the private sector is working hard to keep up with the pace of change.
A race to the finish
The Basel Committee's third consultative paper contained few surprises. Regulators are nowfocusing on implementation, despite banks' major concerns about the treatment of riskmitigation techniques.
Standardised approach may receive op risk charge cut, says ECB official
The operational risk charge related to the Basel II 'standardised approach' may be cut in the third consultative paper (CP3) due for release next month by the Basel Committee on Banking Supervision, according to Panagiotis Strouzas, a senior expert in…
Standardised approach may receive op risk charge cut, says ECB official
The operational risk charge related to the Basel II ‘standardised approach’ may be cut in the third consultative paper (CP3) due for release next month by the Basel Committee on Banking Supervision, according to Panagiotis Strouzas, a senior expert in…
ECB highlights dangers of over-concentrated market
FRANKFURT — Market consolidation and a reliance on electronic trading could lead to an over-concentration of risk and liquidity among too few market participants, the European Central Bank has warned.
ECB highlights dangers of over-concentrated FX market
Market consolidation and a reliance on electronic trading in the foreign exchange markets could lead to an over-concentration of risk and liquidity among too few market participants, the European Central Bank has warned.
State Treasury of Finland joins growing Trema client list
Swedish technology firm Trema added to its growing list of eurosystem clients last week, with the announcement that the State Treasury of Finland has implemented Trema's Finance Kit to manage state debt.
Trichet still best bet for ECB job
Jean-Claude Trichet's trial is not an insurmountable obstacle to his accession to ECB presidency. But while the outcome is uncertain, French officials must come up with a back-up candidate, says Stephen Sandelius, Paris correspondent for Market News…
Deutsche Bank reveals role in 9/11 liquidity facility
Michael Reuther, global head of funding at Deutsche Bank, has revealed today how the European Central Bank and the Federal Reserve Bank of New York created an emergency €50 billion ‘synthetic’ liquidity facility in the wake of last year’s World Trade…
EU bank regulation debate intensifies
The debate over banking supervision in the European Union intensified in April as Britain and Germany argued for keeping regulation under the aegis of national regulators, while many central bankers argued that the role should be left to the European…