Proposed legislation establishes framework facilitating the possible introduction of a digital euro that is widely usable and available throughout the euro area ECB also welcomes Commission proposal to protect legal tender status of euro cash Governing Council to decide in autumn whether to move to next phase of digital euro project The European Commission has [...]
Card fraud in 2021 falls to lowest level since start of data collection 12% decline in card-not-present fraud after introduction of strong customer authentication 63% of total value of card fraud involves cross-border transactions The European Central Bank (ECB) has today published its card fraud report, which is based on information provided by 20 card payment [...]
ECB joins Gaia-X to help build European data ecosystem Gaia-X Association aims to boost European digital sovereignty The European Central Bank (ECB) today became a member of Gaia-X, a non-profit association advocating digital sovereignty for Europe. Gaia-X develops common standards for digital services like cloud services. This allows data to be collected and shared in [...]
ECB recalibrates third series of targeted longer-term refinancing operations (TLTRO III) to ensure consistency with broader monetary policy normalisation process Recalibration will help address unexpected and extraordinary inflation increases by reinforcing transmission of policy rates to bank lending conditions From 23 November 2022, interest rate on all remaining TLTRO III operations to be indexed to [...]
Conversion rate of kuna fixed at 7.53450 = EUR 1 Croatian banks already supervised by ECB since 2020 Today the Council of the European Union formally approved the accession of Croatia to the euro area on 1 January 2023 and determined a Croatian kuna conversion rate of 7.53450 per euro – this coincides with the [...]
Following the Central Bank Payment Statistics Workshop held on the 2nd September, all reporting entities who provide payment services will be required to start reporting new ECB payment statistics on a quarterly and semi-annual basis. The data submission mechanism is to be done via XML and no Excel template from the Central Bank will [...]
Dear Customers, This is a planned maintenance notification covering all current Seahorse production deployments. On 22nd October 2020, the Seahorse servers will undergo routine upgrades. The upgrade process may cause a brief interruption to the service between 1800 and 2200 BST. Thanks & Regards, The BRSANALYTICS Team
LONDON (Reuters) - The euro zone’s recovery from its deepest economic downturn on record hit the brakes in August, particularly in services, as pent-up demand unleashed by the easing of coronavirus lockdowns dwindled, a survey showed on Friday. To contain the spread of the virus, which has infected over 22.5 million people globally, governments [...]
OSLO (Reuters) - Demand for mortgages in Norway rose significantly in the second quarter, a sharp turnaround from earlier this year amid lower interest rates that drove an upturn in the housing market, a quarterly central bank survey showed on Thursday. “Demand for first-home mortgages has risen, though less than overall residential mortgage demand,” [...]
Banks are tightening lending standards across the board despite lower demand and as the Federal Reserve encourages lending. They said in a Fed survey that they are lowering credit limits and demanding higher minimum credit scores from consumers. Banks are tightening lending standards across the board even as they’re being urged to get money [...]