European Central Bank (ECB)
Consumer behaviour influences financial distress: ECB paper
European Central Bank study shows individuals’ behavioural traits may contribute to level of financial distress experienced by consumers
ECB reports €171 million profit
European Central Bank experiences sharp fall in profits for 2010 due to €1.16 billion transfer of income to risk provision fund
Bailout renegotiation looms following Irish election
Ireland’s new prime minister-elect expected to press for renegotiation of EU-IMF bailout deal; scheduled to meet European Commission head José Manuel Barroso on Friday
Trichet on common fallacies of competitiveness
European Central Bank president Jean-Claude Trichet describes common misconceptions on attributes of a competitive economy
Belgium’s Quaden quits
National Bank of Belgium governor Guy Quaden to leave in March; continued lack of unity in government raises concerns over central bank’s leadership
ECB rejects public credit rating agency role
European Central Bank says European Commission should abandon proposals for Eurosystem to issue credit ratings to public
Budapest wrests control to name external rate-setters
Hungarian lawmakers pass amendment to central bank law giving parliamentary committee right to appoint all four of external rate-setters on seven-strong Monetary Council
ECB calls for return to stricter growth and stability pact
European Central Bank calls for reversion of Stability and Growth Pact 2005 amendments, which relaxed compliance conditions; says sanctions on member states should be applied more stringently
Wellink throws hat into ring as ECB race continues
Netherlands Bank president Nout Wellink signals interest in top European Central Bank role; stresses anti-inflation stance, opposition to E-bonds
Bundesbank slams idea of using ESM to buy government debt
Bundesbank says using enlarged European Stability Mechanism to buy government bonds of troubled countries will place more burden on taxpayers
A compromise candidate for the ECB?
Commentators divided on the viability of a compromise candidate for the European Central Bank presidency
Eurozone pays tribute to Tommaso Padoa-Schioppa
Euro area's central bankers mourn the death of the 'euro architect'
ECB overnight lending rockets to 19-month high
Banks’ borrowing from the European Central Bank’s marginal lending facility climbs to $21 billion on Wednesday; sudden move has sparked speculation on bank troubles, analysts say
Without better data, we risk a repeat of the crisis
More analysis of the nature of cross-border financial flows and a global risk map are essential in countering systemic threats, Bernd Braasch argues
Draghi strikes familiar chord on eurozone’s future
Bank of Italy governor Mario Draghi stresses importance of fiscal discipline, says monetary union is sound
ECB’s Bini Smaghi on causes of euro-area imbalances
European Central Bank executive board member Lorenzo Bini Smaghi says lack of labour and product market reforms created imbalances in euro area
Belgium’s Praet to be nominated to ECB executive board
Eurozone finance ministers recommend National Bank of Belgium executive director Peter Praet to European Central Bank executive board
Spanish banks’ ECB reliance drops
Spanish banks’ borrowing from European Central Bank declines just over 20% compared to December
Bond purchase frictions convinced Weber to drop out of ECB race
Bundesbank's Axel Weber says divergent views on ECB’s bond purchases meant he was no longer an acceptable candidate to succeed Trichet; stresses he was right to stick to his guns
Weber does not plan on second term: Bundesbank source
Bundesbank president Axel Weber set to quit central bank in spring 2012 at the latest
Trichet on ESRB mandate
European Central Bank president Jean-Claude Trichet outlines vision for European Systemic Risk Board
Buba’s Weber says EU agreement on fiscal sanctions lacks ambition
Bundesbank president Axel Weber says reforms of Stability and Growth Pact lack ambition and leave too much room for political discretion
No new deal on bailout: Trichet to Dublin
European Central Bank president Jean-Claude Trichet says Irish politicians should not attempt to renegotiate terms of the EU-IMF bailout; opposition leaders critical of ECB’s role
ECB provides liquidity bridge, not bailout: Papadia
European Central Bank’s director-general for market operations Francesco Papadia stresses central bank’s liquidity assistance only short-term, says new European rescue vehicles will ease market concerns