Search Results for: ECB
Greece update: Banks to reopen on Monday, after sudden ECB cash boost
July 17th, 2015
The 900-million-euro increase in the cash available to the Greek credit system and the lifting of the uncertainty with the passage through Parliament of the prior actions required for the third bailout loan pave the way for banks to ...
ECB to keep tight funding grip on Greek banks after ‘no’ – sources
July 6th, 2015
The European Central Bank (ECB) is likely to maintain emergency funding for Greek banks at its current restricted level, people familiar with the matter said on Sunday, a move that will see lenders run out of cash soon. There ...
ECB Said to Raise Cap on Emergency Liquidity for Greek Banks
June 23rd, 2015
The European Central BanK (ECB) increased the cap on emergency liquidity for Greek lenders for the fourth time in less than a week, said a person familiar with the matter. The Governing Council raised the limit on the funds in ...
ECB: TARGET2-Securities successfully launched
June 23rd, 2015
TARGET2-Securities (T2S), the Eurosystem’s landmark platform for securities settlement, started live operation this morning A first group of securities depositories and their user communities from Greece, Malta, Romania and Switzerland are now connected to T2S for settlement of euro ...
Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)
June 22nd, 2015
Market operations Substitute purchases by Eesti Pank On 2 June 2015 the Governing Council decided that, owing to the lack of government and agency bonds needed to accommodate the Estonian benchmark allocation under the PSPP, Eesti Pank could conduct ...
What Happens If Greece Defaults On IMF, ECB And Leaves The Eurozone?
June 18th, 2015
Time is running out–yet again–for Greece. The most heavily indebted country in the Eurozone is headed for a showdown with its creditors that may result in a default on its debt, and possibly in its leaving the euro. The ...
ECB: Monetary policy decisions
June 3rd, 2015
At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.05%, 0.30% and ...
ECB Modestly Boosts Emergency Lending for Greek Banks
May 21st, 2015
Europe’s central bank extends lifeline to financial institutions, as tense debt talks between Athens and creditors continue The European Central Bank on Tuesday increased the amount of money Greek banks can borrow under an emergency lending program, according to ...
Draghi Says ECB Policy Potent as Low-Rate Risks Monitored
May 15th, 2015
Mario Draghi said the European Central Bank’s non-standard measures have proven effective, and low interest rates haven’t yet led to financial imbalances. Unconventional actions “have proven so far to be potent, more so than many observers anticipated,” the ECB ...
Financial integration in Europe rebounds, ECB report finds
April 27th, 2015
Financial integration in the euro area has improved steadily and has reached a level close to that before the sovereign debt crisis Establishment of Banking Union and unconventional monetary policy actions taken by the ECB are major drivers of ...
