ECB Sets Up Task Force to Examine Simplification of European Banking Regulations
Efforts have been initiated by the European Central Bank (ECB) to explore possible simplifications to the current banking regulations in the Eurozone, according to information that was shared by a source familiar with the matter. A specialized task force, reportedly led by ECB Vice President Luis de Guindos, has been established for this purpose. It […]
The Digital Euro: A Secure Payment Method, Not an Investment Object
In the evolving landscape of digital currencies, the European Central Bank (ECB) is taking a significant step towards launching a digital version of the euro, which aims to provide secure and cost-free electronic payment options to individuals across the Eurozone. Bank of Finland board member, Tuomas Valimaki, emphasized that the digital euro’s primary role is […]
ECB’s Lagarde, Panetta warn against tightening too soon
European Central Bank President Christine Lagarde and board member Fabio Panetta urged patience before tightening the ECB’s ultra-easy policy. This is as the euro zone economy emerges from a slump caused by the pandemic. The price pressures steadily building, from higher energy prices to supply bottlenecks. And so, the euro zone borrowing costs have risen recently. Because […]
Extending QE to fund green policies is hard for Central banks
The era of monetary dominance is now passing. Former senior adviser to Bank of England Governor Mark Carney said that this is making it hard for central banks to extend their nearly decade-long unlimited easy money provisions to fund green policies. Huw Van Steenis told that though policymakers are still debating over how much of that stimulus should […]