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 proposal and the digital euro design decisions approved by the ECB’s governing council, the ECB said in a Wednesday (Jan....
European Central Bank President Christine Lagarde said the European Union (EU) needs a “European SEC” that will replace the region’s currently fragmented supervision with a more top-down approach like that of the United States Securities and Exchange Commission. This is necessary because the EU faces capital markets challenges on...
The European Central Bank’s (ECB) chief supervisor, Andrea Enria, is calling for urgent action to fix a loophole in European Union (EU) rules that allows banks to bypass certain safeguards related to cryptocurrencies. Speaking Tuesday (Nov. 14) at a conference in Venice, Enria highlighted the need to...
The European Union will reportedly publish draft rules governing a digital euro this week. The regulations provide the legal basis for the digital currency, assuming the European Central Bank (ECB) chooses to issue one, Reuters reported Monday (June 26). “This puts at stake the desirable balance...
January 09, 2023
Eurozone inflation has dropped back into the single figures after two months of double-digit rates. The latest figures from the EU statistics agency Eurostat estimate that the annual inflation rate across the eurozone was 9.2% in December, down from 10.1% in November and 10.6% in October. The lower inflation follows a series of interest rate […]
May 21, 2020
The tipping point might be nigh for digital dollars and other central bank-issued currencies done through bits and bytes. As politicians across the globe grapple with the pandemic’s continued economic...
May 19, 2020
The COVID-19 pandemic has shaken both the United States and global economies, with 38.4 percent of small to mid-sized businesses (SMBs) reducing their payroll and experts warning that the pandemic...
May 29, 2024
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 be no harder than those between banks in the same country. Currently, banking markets in the region are drawn along national lines even though the European Union (EU) has centralized […]
January 05, 2024
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 proposal and the digital euro...
November 17, 2023
European Central Bank President Christine Lagarde said the European Union (EU) needs a “European SEC” that will replace the region’s currently fragmented supervision with a more top-down approach like that of the United...
November 14, 2023
The European Central Bank’s (ECB) chief supervisor, Andrea Enria, is calling for urgent action to fix a loophole in European Union (EU) rules that allows banks to bypass certain safeguards related to...
