European Central Bank
ECB
Speech
Bulgaria's euro entry strengthens union, requires national reforms
ECB Executive Board Member Philip R. Lane congratulated Bulgaria on its smooth euro adoption, highlighting the benefits of monetary union while outlining common and country-specific policy challenges.
Focus
ECB
Press
Joint report identifies financial stability vulnerabilities from bank-NBFI linkages
The European Central Bank and the European Systemic Risk Board have published a joint report on financial stability risks from interconnections between banks and the non-bank financial intermediation (NBFI) sector.
ECB
Paper
Bank-NBFI linkages create financial stability risks for euro area
A joint report by the European Central Bank and the ESRB identifies significant financial stability risks stemming from interconnections between banks and non-bank financial intermediation (NBFI) entities in the euro area.
Latest
ECB
Paper
Margins as early warning for CCPs to prevent contagion
A new ECB working paper explores how central clearing counterparties (CCPs) use margins as early warning devices to manage counterparty risk.
ECB
Paper
New VAR model improves real-time fiscal monitoring for Italy
A new ECB working paper introduces a Bayesian Mixed-Frequency VAR model for real-time fiscal monitoring, nowcasting Italy's government deficit-to-GDP ratio.
ECB
Speech
Monetary sovereignty at risk from digital payment dependencies
ECB Executive Board Member Piero Cipollone warned that Europe's monetary sovereignty faces significant threats from growing dependencies in digital payments and finance.
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ECB
Speech
Schnabel: Europe's growth needs Single Market and scale
ECB Executive Board Member Isabel Schnabel argued that the narrative of Europe's decline is misleading, emphasizing its high quality of life and strong institutions.
ECB
Paper
Regulatory quality key to boosting Europe's high-tech investment
A new ECB working paper investigates how institutional and regulatory quality influences investment in high-tech sectors across 25 EU countries.
ECB
Paper
Higher insurance coverage reduces macroeconomic impact of climate catastrophes
An ECB Working Paper finds that higher insurance coverage is associated with less severe macroeconomic consequences of climate-related catastrophes.
ECB
Paper
ECB staff raise concerns on simplified EU sustainability reporting
The European Central Bank staff have published an opinion on the revised European Sustainability Reporting Standards (ESRS), appreciating the significant simplification but raising critical concerns.
ECB
Press
ECB wage tracker indicates normalisation of pay growth by 2026
The European Central Bank's updated wage tracker indicates that negotiated wage growth will level off below 3.0 percent by the end of 2026.
ECB
Press
Thomas Jorgensen appointed Director General for Specialized Institutions
Thomas Broeng Jorgensen has been appointed Director General for Specialised Institutions and Less Significant Institutions by the European Central Bank.