european central bank

European Central Bank: Swift Outage Affected Real-Time Gross Settlement System
European Central Bank: Swift Outage Affected Real-Time Gross Settlement System
July 18, 2024  |  Banking

The outage at Swift that affected the Bank of England also impacted the European Central Bank. The outage, which lasted for several hours on Thursday...

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Bank of Israel Remains Uncertain About Potential CBDC
Bank of Israel Remains Uncertain About Potential CBDC
July 11, 2024  |  CBDC

The Bank of Israel reportedly plans to wait until another advanced economy launches a central bank digital currency (CBDC) before introducing one of its own....

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ECB Official Says Unregulated Banking Could Threaten Financial Stability
ECB Official Says Unregulated Banking Could Threaten Financial Stability
July 10, 2024  |  Banking

A European Central Bank board member is warning of threats tied to shadow banking. In an interview with the Financial Times published Wednesday (July 10), Elizabeth McCaul said the growth of...

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Federal Reserve Investigating AI’s Potential Impact on Jobs, Economy
Federal Reserve Investigating AI’s Potential Impact on Jobs, Economy
July 02, 2024  |  artificial intelligence

The Federal Reserve is investigating possible effects generative artificial intelligence (AI) may have on productivity, inflation and the labor market, Fed Chair Jerome Powell said...

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European Central Bank Member Calls for Easier Cross-Border Bank Mergers
European Central Bank Member Calls for Easier Cross-Border Bank Mergers
May 29, 2024  |  Banking

European Central Bank (ECB) governing council member Françoise Villeroy de Galhau reportedly said Wednesday (May 29) that mergers of banks in different European countries should...

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EU Bank Watchdog Warns Lenders of Once ‘Inconceivable’ Risks
EU Bank Watchdog Warns Lenders of Once ‘Inconceivable’ Risks
February 12, 2024  |  Banking

Europe’s new top bank regulator wants lenders to beef up plans for dealing emerging risks. “Many of the issues dominating today’s headlines were inconceivable a decade ago,”...

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European Banks’ Returns Set to Outdo American Counterparts
European Banks’ Returns Set to Outdo American Counterparts
January 08, 2024  |  Banking

Europe’s banks are reportedly set to have a much better year than their U.S. rivals. The KBW Bank Index, made up of the top 24...

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ECB Drafts First Chapters of Digital Euro Rulebook
ECB Drafts First Chapters of Digital Euro Rulebook
January 05, 2024  |  CBDC

The European Central Bank (ECB) Rulebook Development Group (RDG) has drafted the first chapters of a digital euro rulebook. This first draft follows the legislative...

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ECB: No Evidence That AI Has Led to Job Cuts … Yet
ECB: No Evidence That AI Has Led to Job Cuts … Yet
November 28, 2023  |  artificial intelligence

A new report says fears that artificial intelligence will end human employment might be overblown. The study, published Tuesday (Nov. 28) by the European Central Bank (ECB)...

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