European Central Bank
ECB paper urges integrated oversight for EU capital markets
A new European Central Bank paper argues for integrated EU capital markets supervision, citing a highly fragmented architecture misaligned with cross-border market realities.
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US tariffs primarily burden domestic firms and consumers
A recent European Central Bank analysis indicates that the costs of higher US tariffs are predominantly borne by US firms and consumers.
Schnabel: Geopolitical shifts complicate ECB policy path
ECB Executive Board member Isabel Schnabel discussed the implications of geopolitical fragmentation for monetary policy at the University of Zurich on March 27, 2026.
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ECB outlines euro area economic outlook with adverse scenarios
Philip R. Lane, Member of the Executive Board, presented the ECB's outlook for the euro area economy.
Securities losses impact monetary policy transmission through bank collateral
A new ECB working paper demonstrates that losses on banks' securities portfolios significantly impact monetary policy transmission.
ECB paper highlights financial stability risks from synthetic risk transfers
A new European Central Bank working paper identifies three key risks to financial stability stemming from synthetic risk transfers (SRTs).
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Digital euro offers banks new opportunities and strengthens European autonomy
The digital euro is presented as a strategic investment for European autonomy, monetary sovereignty, and financial resilience.
ECB evaluates Consumer Expectations Survey pilot phase
The European Central Bank has published a first evaluation of its new Consumer Expectations Survey (CES).
Quantile model reveals non-linear tail risks in European corporate defaults
A new working paper from the European Central Bank introduces a Quantile Probability of Default (QPD) framework to measure sector-level corporate credit risk.
DeFi governance concentration challenges regulatory oversight
A new ECB working paper reveals that governance in Decentralised Finance (DeFi) protocols is highly concentrated, challenging the implementation of effective regulation and supervision.
EU payment autonomy challenged by foreign card scheme dominance
A new European Central Bank report highlights that the EU's strategic autonomy in payments is challenged by the dominance of international card schemes and foreign ownership of processing entities.
Digital banks show stronger, faster monetary policy transmission
A new ECB working paper finds that digital banks transmit monetary policy more strongly and rapidly than traditional banks, particularly during tightening cycles.