European Central Bank (ECB)
Credit ratings hit prices 'significantly' more in times of crisis, paper finds
Effects of rating actions on market prices not crucial during favourable market conditions but 'very significant' in times of crisis; analysis covers ratings and prices of 16,500 bonds over 12 years
Jörg Asmussen quits the ECB to return to politics
Executive board member leaves the bank after two years to become deputy labour secretary in new German government; Buba's Sabine Lautenschlaeger an early favourite to replace him
Danièle Nouy confirmed as chair of SSM supervisory board
Top French supervisor formally appointed after ECB nomination and European Parliament approval; first job will be to agree on her deputy, to be chosen from ECB executive board
ECB launches online competition to familiarise citizens with new €10 banknote
Players have to uncover four security features and also guess the number of euro banknotes in circulation in the euro area on December 31, 2013; new note unveiled on January 13
ECB working paper finds indebted countries should pursue austerity at ZLB
Model seeks to incorporate effects of government debt when examining how to tackle a liquidity trap at the zero lower bound
Estonian governor says ECB supervision poses Nordic and Baltic challenge
The direct supervision of banks operating in the eurosystem but headquartered elsewhere will create 'new challenges' for Nordic and Baltic co-operation, according to Ardo Hansson
Serbia completes ECB's 'most ambitious programme to date'
Three-year programme has prepared the National Bank of Serbia to take a lead role in negotiating the country's entry into the EU and the central bank's entry into the ESCB
EU bail-in to start two years early after Parliament and Council reach agreement
Bail-in rules, expected only from January 2018, will now enter force in January 2016; public bail-outs remain on the table as a last resort
Draghi says sovereign debt risk weights are a question for Basel Committee
Mario Draghi says it is up to the Basel Committee to assign different risk weights on sovereign debt ‘at the proper time’ and seeks to appease politicians' concerns over SME credit
IMF's Viñals says ESM should backstop ECB's comprehensive assessment
José Viñals says the European Stability Mechanism should be made available as a public backstop for the ECB’s forthcoming comprehensive assessment
Lagarde calls for pre-emptive action on eurozone deflation
IMF managing director says the ECB should act to shore up eurozone inflation and find ways of getting credit to SMEs; Draghi says ECB must pursue price stability by all means necessary
Link between ECB liquidity ops and interbank repo breaks down in crisis
Researchers at the New York Fed find that the relationship between ECB monetary policy operations and interbank borrowing did not survive the collapse of Lehman Brothers and associated crisis
ECB's Cœuré says euro members 'not strong enough to survive on their own'
Executive board member urges return to 'original vision'; says banking union 'not achieved by mutualising risks' and calls for increased German consumption
ECB ‘ready and able to act’ as staff lower inflation forecasts
European Central Bank holds key interest rate at 0.25% as staff predict inflation drop in 2014; Draghi says governing council is willing to use ‘all available instruments’
ECB celebrates decade of international co-operation
Conference looks back at quarter of a century of co-operation between central banks around the world - in which the ‘helped have become the helpers' thanks to knowledge exchange
Constâncio predicts ‘gradual decline’ in size of eurozone banking sector
European Central Bank vice-president says companies will increasingly turn to capital markets instead of banks for their financing needs
Maltese governor says ECB’s policy will ‘take a while’ to hit periphery
Josef Bonnici attributes the drop in loans to the private sector in the eurozone’s stressed countries to the ‘weak and uneven’ monetary policy transmission mechanism
Industry in discussions to change FX benchmark calculation, says ECB official
Senior market participants have suggested widening the time window in which benchmark exchange rates are set in forex, following allegations of manipulation
ECB paper says global economy still haunted by ‘spectre of protectionism’
Researchers at the European Central Bank find evidence that countries still regress to trade protectionism in the face of recessions or loss of competitiveness; call for international peer pressure
Mersch defends ECB’s Chinese walls
European Central Bank executive board member Yves Mersch says plans to keep monetary and supervisory functions separate will ensure any ‘conflicts of interest’ are avoided
ECB’s Asmussen demands gender diversity
Executive board member Jörg Asmussen says he is ‘deeply convinced’ of the need for greater gender diversity in the financial industry, and the benefit to both men and women
ECB's Smets made counsellor to president Draghi
Frank Smets, ECB director-general for research, steps into post vacated by Christian Thimann; will be counsellor to the president and co-ordinator of counsel to the executive board
ECB’s Mersch warns against excess liquidity policy becoming ‘permanent feature’
Executive board member Yves Mersch says it is now up to banks to make the most of the ‘favourable financing conditions’ created by the ECB
ECB prepares ground for new €10 banknote next year
New €10 note will be the second in the Europa series after the launch of the €5 note this May; Partnership Programme launched today will seek to smooth its introduction among stakeholders