European Central Bank
Trade, tensions, tariffs... and a whole world of uncertainty
- Title
- Trade, tensions, tariffs... and a whole world of uncertainty
- Runtime
- 18:13
- Date posted
- 1 year ago
- Description
- We live in an increasingly uncertain world. But what are the economic and financial implications of such turbulent times? What does it mean for Europe’s banking and non-bank sectors, companies, households, and government finances? And how can Europe navigate such volatility?
Our host Paul Gordon discusses these questions and more with expert John Fell in the latest episode of The ECB Podcast.
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
Published on 22 May 2025 and recorded on 16 May 2025.
In this episode:
01:50 Geopolitical developments and global financial imbalances
How did markets react to the high level of uncertainty?
05:10 Safe havens
What are safe havens? What happened to US government bonds?
09:08 Europe’s reaction
Can Europe afford the increased spending in security and defense? What happens to other structural ch...
- Title
- Interview with Kilvar Kessler Supervision Newsletter | Question 2
- Runtime
- 1:35
- Date posted
- 1 year ago
- Description
- Title
- Interview with Kilvar Kessler Supervision Newsletter | Question 1
- Runtime
- 2:26
- Date posted
- 1 year ago
- Description
- Title
- Why monetary policy should crack down harder during high inflation
- Runtime
- 4:04
- Date posted
- 1 year ago
- Description
- ECB Research Bulletin by Peter Karadi, Anton Nakov, Galo Nuño, Ernesto Pasten and Dominik Thaler.
Read more: https://www.ecb.europa.eu/press/research-publications/resbull/2025/html/ecb.rb250429~6f9636652d.en.html
The Research Bulletin features a selection of recent work on policy-relevant topics by ECB economists. Published on a monthly basis, the articles in the Research Bulletin are intended for a general audience.
The views expressed in each article are those of the authors and do not necessarily represent the views of the European Central Bank and the Eurosystem.
- Title
- President Lagarde presents the latest monetary policy decisions – 17 April 2025
- Runtime
- 15:01
- Date posted
- 1 year ago
- Description
- Today our Governing Council decided on monetary policy, determining what’s needed to return inflation to our 2% goal in a timely manner.
Listen to President Christine Lagarde present today’s decisions. The statement also covers:
• how the economy is performing
• how we expect prices to develop
• the risks to the economic outlook
• the dynamics behind financial and monetary conditions
Our monetary policy statement at a glance, 17 April 2025 https://www.ecb.europa.eu/press/press_conference/visual-mps/2025/html/mopo_statement_explained_april.en.html
Christine Lagarde, Luis de Guindos: Monetary policy statement, 17 April 2025 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2025/html/ecb.is250417~091c625eb6.en.html
Monetary policy decisions, 17 April 2025 https://www.ecb.europa.eu/press/pr/date/2025/html/ecb.mp250417~42727d0735.en.html
Combined monetary policy de...
- Title
- ECB Governing Council Press Conference - 17 April 2025
- Runtime
- 50:30
- Date posted
- 1 year ago
- Description
- ECB President Christine Lagarde explains the Governing Council's monetary policy decisions and will answer questions from journalists at the Governing Council press conference to be held on 17 April 2025 at 14:45 CET in Frankfurt am Main.
- Title
- AI: economic game changer or job taker?
- Runtime
- 23:58
- Date posted
- 1 year ago
- Description
- Will AI take our jobs? Does AI boost economic productivity? Is it a choice of going green or going digital?
Our host Paul Gordon talks to ECB colleagues António Dias da Silva, Guzmán González-Torres Fernández and Miles Parker to find out what AI means for the economy, especially for productivity, job prospects and energy supply.
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
Published on 9 April 2025 and recorded on 3 April 2025.
In this episode:
00:55 Is AI replacing jobs?
Can AI ever replace jobs in journalism or film-making? Will AI be our next podcast host?
02:14 Is AI a job changer?
How are new technologies changing our jobs?
04:00 Age, education and gender
Who uses AI and how do people feel about it? Does AI usage differ based on age, education and gender?
06:57 Sectors with the highest AI usage
Which sector...
- Title
- Policy roundtable & Concluding remarks
- Runtime
- 1:29:40
- Date posted
- 1 year ago
- Description
- Policy roundtable: Making the most of AI: how to foster diffusion and address risks?
Moderator: Jesús Fernández-Villaverde, University of Pennsylvania
Fidelio Börm, Medimir
Markus Brunnermeier, Princeton University
Bertin Martens, Bruegel
Filiz Unsal, OECD
Concluding remarks: Oscar Arce, ECB
- Title
- Session 3: Does AI matter for monetary policy?
- Runtime
- 1:50:53
- Date posted
- 1 year ago
- Description
- Session 3: Does AI matter for monetary policy?
Session chair: Wolfgang Lemke, ECB
Implications of AI usage for financial stability: evidence from AI-driven investment funds identified by generative AI amid interest rate hikes
Joe Ho-Yeung Wong*, Victor Pak-Ho Leung and Siru Lu, all Hong Kong Monetary Authority
Discussant: Shams Pathan, Newcastle University
Simulating the Survey of professional forecasters
Sophia Kazinnik*, Stanford HAI
Anne Lundgaard Hansen, Federal Reserve Bank of Richmond
John J. Horton, MIT Sloan School of Management
Daniela Puzzello, Indiana University Bloomington
Ali Zarifhonarvar, Indiana University Bloomington
Discussant: Michael Ehrmann, ECB
- Title
- Keynote speech: AI and the outlook for productivity
- Runtime
- 55:39
- Date posted
- 1 year ago
- Description
- Keynote speech: AI and the outlook for productivity
Jonathan Haskel, Imperial College London
- Title
- Session 2: Is this time different? Will AI have a significant effect on productivity?
- Runtime
- 1:36:01
- Date posted
- 1 year ago
- Description
- Session 2: Is this time different? Will AI have a significant effect on productivity?
Session chair: Oscar Arce, ECB
Generative AI and firm-level productivity: evidence from startup funding dynamics
Dominik Asam* and David Heller, both Max Planck Institute for Innovation and Competition
Discussant: Paul E. Soto, Federal Reserve Board
Generative AI and the nature of work
Manuel Hoffmann*, Harvard Business School and Stanford University
Sam Boysel, Harvard Business School
Frank Nagle, Harvard Business School
Sida Peng, Microsoft
Kevin Xu, GitHub
Discussant: Peter Gal, OECD
- Title
- Session 1: How is AI transforming the labour market?
- Runtime
- 1:53:11
- Date posted
- 1 year ago
- Description
- Session 1: How is AI transforming the labour market?
Session chair: Luc Laeven, ECB
AI, task changes in jobs, and worker reallocation
Christina Gathmann*, LISER, University of Luxembourg and CEPR
Felix Grimm, LISER
Erwin Winkler, University of Erlangen-Nuremberg, IZA and LASER
Discussant: Antonio Dalla Zuanna, Banca d'Italia
AI adoption and the demand for managerial expertise
Liudmila Alekseeva*, KU Leuven
José Azar, University of Navarra and IESE Business School
Mireia Giné, IESE Business School
Sampsa Samila, IESE Business School
Discussant: Juan F. Jimeno, Banco de España
- Title
- Keynote speech: The transformative power of AI
- Runtime
- 57:27
- Date posted
- 1 year ago
- Description
- Keynote speech: The transformative power of AI—uses and applications of a new general-purpose technology
Kristina McElheran, University of Toronto, Rotman School of Management
- Title
- Welcome address, Christine Lagarde, ECB
- Runtime
- 14:56
- Date posted
- 1 year ago
- Description
- The transformative power of AI: economic implications and challenges
- Title
- The Transformative Power of AI: Economic Implications and Challenges - 2 April
- Runtime
- 8:14:49
- Date posted
- 1 year ago
- Description
- Title
- The Transformative Power of AI: Economic Implications and Challenges - 1 April
- Runtime
- 3:34:32
- Date posted
- 1 year ago
- Description
- Title
- Focus Session - Eurosystem Collateral Management System: Preparing for migration
- Runtime
- 51:42
- Date posted
- 1 year ago
- Description
- The connectivity phase to ECMS production has finished and the pre-migration will be completed in one week. The next step is the preparation for the migration weekend and the migration weekend itself. How does the planning look for this and for the remaining tests? Find out more on the key aspects and milestones related to migration.
Bobby Bashford and Ana Isa Martins, both ECB
- Title
- Focus Session - Eurosystem Collateral Management System: Closing remarks
- Runtime
- 5:49
- Date posted
- 1 year ago
- Description
- Closing remarks by Dimitri Pattyn, Deputy Director General, ECB
- Title
- Focus Session - Eurosystem Collateral Management System: User testing
- Runtime
- 31:41
- Date posted
- 1 year ago
- Description
- The connectivity phase to ECMS production has finished and the pre-migration will be completed in one week. The next step is the preparation for the migration weekend and the migration weekend itself. How does the planning look for this and for the remaining tests? Find out more on the key aspects and milestones related to migration.
Bobby Bashford and Ana Isa Martins, both ECB
- Title
- Focus Session - Eurosystem Collateral Management System: Timeline and key milestones ahead
- Runtime
- 10:28
- Date posted
- 1 year ago
- Description
- Gain insights on the timeline and key milestone of the ECMS project until the go-live on 16 June 2025.
Audren Plancon, ECB
- Title
- Focus Session - Eurosystem Collateral Management System: Welcome address
- Runtime
- 9:04
- Date posted
- 1 year ago
- Description
- The Eurosystem Collateral Management System (ECMS) is set to go-live on 16 June 2025. Learn more about the current status of the project and what should be in focus in the months ahead.
Dimitri Pattyn, Deputy Director General, ECB
- Title
- Financial literacy in Europe - Robert Holzmann, Governor, Oesterreichische Nationalbank
- Runtime
- 2:23
- Date posted
- 1 year ago
- Description
- Financial literacy is crucial for Europeans to successfully navigate the complexities of today’s financial landscape.
Financial literacy in Europe
https://www.ecb.europa.eu/ecb-and-you/financial_literacy_europe/html/index.en.html
ECB International Women’s Day 2025
https://www.ecb.europa.eu/press/conferences/html/20250307_intl_womens_day.en.html
- Title
- Financial literacy in Europe - François Villeroy de Galhau, Governor, Banque de France
- Runtime
- 2:53
- Date posted
- 1 year ago
- Description
- Financial literacy is crucial for Europeans to successfully navigate the complexities of today’s financial landscape.
Financial literacy in Europe
https://www.ecb.europa.eu/ecb-and-you/financial_literacy_europe/html/index.en.html
ECB International Women’s Day 2025
https://www.ecb.europa.eu/press/conferences/html/20250307_intl_womens_day.en.html
- Title
- Financial literacy in Europe - Gediminas Šimkus, Chairman of the Board, Lietuvos bankas
- Runtime
- 1:30
- Date posted
- 1 year ago
- Description
- Financial literacy is crucial for Europeans to successfully navigate the complexities of today’s financial landscape.
Financial literacy in Europe
https://www.ecb.europa.eu/ecb-and-you/financial_literacy_europe/html/index.en.html
ECB International Women’s Day 2025
https://www.ecb.europa.eu/press/conferences/html/20250307_intl_womens_day.en.html
- Title
- Financial literacy in Europe - Boris Vujčić, Governor, Hrvatska narodna banka
- Runtime
- 1:40
- Date posted
- 1 year ago
- Description
- Financial literacy is crucial for Europeans to successfully navigate the complexities of today’s financial landscape.
Financial literacy in Europe
https://www.ecb.europa.eu/ecb-and-you/financial_literacy_europe/html/index.en.html
ECB International Women’s Day 2025
https://www.ecb.europa.eu/press/conferences/html/20250307_intl_womens_day.en.html
- Title
- Financial literacy in Europe - Joachim Nagel, President, Deutsche Bundesbank
- Runtime
- 1:24
- Date posted
- 1 year ago
- Description
- Financial literacy is crucial for Europeans to successfully navigate the complexities of today’s financial landscape.
Financial literacy in Europe
https://www.ecb.europa.eu/ecb-and-you/financial_literacy_europe/html/index.en.html
ECB International Women’s Day 2025
https://www.ecb.europa.eu/press/conferences/html/20250307_intl_womens_day.en.html
- Title
- Financial literacy in Europe - Klaas Knot, President, de Nederlandsche bank
- Runtime
- 1:51
- Date posted
- 1 year ago
- Description
- Financial literacy is crucial for Europeans to successfully navigate the complexities of today’s financial landscape.
Financial literacy in Europe
https://www.ecb.europa.eu/ecb-and-you/financial_literacy_europe/html/index.en.html
ECB International Women’s Day 2025
https://www.ecb.europa.eu/press/conferences/html/20250307_intl_womens_day.en.html
- Title
- Financial literacy in Europe - Gabriel Makhlouf, Governor, Central Bank of Ireland
- Runtime
- 1:42
- Date posted
- 1 year ago
- Description
- Financial literacy is crucial for Europeans to successfully navigate the complexities of today’s financial landscape.
Financial literacy in Europe
https://www.ecb.europa.eu/ecb-and-you/financial_literacy_europe/html/index.en.html
ECB International Women’s Day 2025
https://www.ecb.europa.eu/press/conferences/html/20250307_intl_womens_day.en.html
- Title
- Financial literacy in Europe - Peter Kažimír, Governor, Národná banka Slovenska
- Runtime
- 1:58
- Date posted
- 1 year ago
- Description
- Financial literacy is crucial for Europeans to successfully navigate the complexities of today’s financial landscape.
Financial literacy in Europe
https://www.ecb.europa.eu/ecb-and-you/financial_literacy_europe/html/index.en.html
ECB International Women’s Day 2025
https://www.ecb.europa.eu/press/conferences/html/20250307_intl_womens_day.en.html
- Title
- Focus Session – The Eurosystem Collateral Management System
- Runtime
- 2:01:04
- Date posted
- 1 year ago
- Description
- The Eurosystem Collateral Management System (ECMS) is set to launch in June 2025. Learn more about the current status of the project.
- Title
- Mind the gap: gender and financial literacy
- Runtime
- 27:18
- Date posted
- 1 year ago
- Description
- We need financial literacy to make good financial decisions. But did you know that half of Europeans have low financial literacy levels, and that 60% of them are women?
Our host Stefania Secola talks to Annamaria Lusardi from Stanford University about what financial literacy is, why it matters and how we can improve it, especially among women.
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
Published on 13 March 2025 and recorded on 7 March 2025.
In this episode:
00:01 Commitments made by central banks
How did central bank Governors commit to improving financial literacy in their respective countries? What are the desired outcomes?
00:27 Looking at the numbers
How financially literate are Europeans? How big is the gap between men and women? And what can we do about it?
01:55 Financial literacy defined
What is financial literacy?...
- Title
- ECB International Women’s Day 2025 | Q&A and Closing remarks
- Runtime
- 41:38
- Date posted
- 1 year ago
- Description
- Questions & answers and open forum
Closing remarks
- Title
- ECB International Women’s Day 2025 | In conversation
- Runtime
- 48:22
- Date posted
- 1 year ago
- Description
- In conversation
Christine Lagarde, President of the European Central Bank
Claudia Buch, Chair of the Supervisory Board of the European Central Bank
Klaas Knot, President of De Nederlandsche Bank
Annamaria Lusardi, Professor at Stanford University
Joachim Nagel, President of the Deutsche Bundesbank
Fabio Panetta, Governor of the Banca d'Italia
- Title
- ECB International Women’s Day 2025 | Opening remarks
- Runtime
- 7:42
- Date posted
- 1 year ago
- Description
- Opening remarks
Christine Lagarde, President of the European Central Bank
- Title
- ECB International Women’s Day 2025
- Runtime
- 1:39:41
- Date posted
- 1 year ago
- Description
- Closing the gender gap in financial literacy
This year’s International Women’s Day theme is “Accelerate Action,” focusing on strategies designed to promote women’s advancement.
In conversation, President Lagarde and panellists will discuss the importance of financial literacy for central banks and banking supervision authorities and its impact on monetary policy transmission. They will focus on closing the gender gap and the potential for collaboration.
Programme:
https://www.ecb.europa.eu/press/conferences/html/20250307_intl_womens_day.en.html
- Title
- President Lagarde presents the latest monetary policy decisions – 6 March 2025
- Runtime
- 16:17
- Date posted
- 1 year ago
- Description
- Today our Governing Council decided on monetary policy, determining what’s needed to return inflation to our 2% goal in a timely manner.
Listen to President Christine Lagarde present today’s decisions. The statement also covers:
• how the economy is performing
• how we expect prices to develop
• the risks to the economic outlook
• the dynamics behind financial and monetary conditions
Our monetary policy statement at a glance, 6 March 2025 www.ecb.europa.eu/press/press_conf…ed_march.en.html
Christine Lagarde, Luis de Guindos: Monetary policy statement, 6 March 2025 www.ecb.europa.eu/press/press_conf…07bd0941.en.html
Monetary policy decisions, 6 March 2025 www.ecb.europa.eu/press/pr/date/20…340800b3.en.html
Combined monetary policy decisions and statement, 6 March 2025 www.ecb.europa.eu/press/press_conf…a4269dcc8.en.pdf
Macroeconomic projections, 6 March 2025 www.ec...
- Title
- ECB Governing Council Press Conference - 6 March 2025
- Runtime
- 49:38
- Date posted
- 1 year ago
- Description
- ECB President Christine Lagarde explains the Governing Council's monetary policy decisions and will answer questions from journalists at the Governing Council press conference to be held on 6 March 2025 at 14:45 CET in Frankfurt am Main.
- Title
- You ask, we answer: careers, inflation and cooperation
- Runtime
- 30:28
- Date posted
- 1 year ago
- Description
- Your questions answered: whether it’s about careers at the ECB, how our work affects people and businesses, or how we plan to tackle global challenges, we tackle listeners’ questions in this #AskECB episode of The ECB Podcast.
Join our host Stefania Secola as she talks to colleagues Eglantine Devaux and Gabriel Glöckler.
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
Published on 25 February 2025 and recorded on 20 February 2025.
In this episode:
00:36 Your questions answered
You, our listeners, sent us your burning questions on social media. What did you want to know? And who do we have onboard to answer your questions?
01:54 Working at the European Central Bank
What does it take to join the team? How do we nurture and grow talent? And what are the advantages of working in such a diverse environment?
08:34 Small businesses and c...
- Title
- How tightening mortgage credit raises rents and increases inequality in the housing market
- Runtime
- 4:17
- Date posted
- 2 years ago
- Description
- ECB Research Bulletin by Juan Castellanos, Andrew Hannon and Gonzalo Paz-Pardo.
Read more: https://www.ecb.europa.eu/press/research-publications/resbull/2025/html/ecb.rb250116~b428fdb4db.en.html
The Research Bulletin features a selection of recent work on policy-relevant topics by ECB economists. Published on a monthly basis, the articles in the Research Bulletin are intended for a general audience.
The views expressed in each article are those of the authors and do not necessarily represent the views of the European Central Bank and the Eurosystem.
- Title
- President Christine Lagarde speaks about motifs for future euro banknotes
- Runtime
- 1:49
- Date posted
- 2 years ago
- Description
- Watch President Christine Lagarde talk about the motifs chosen by the ECB’s Governing Council to illustrate the two possible themes for future euro banknotes: “European culture: shared cultural spaces” and “Rivers and birds: resilience in diversity”. We’ll be launching a contest later this year to help us select final designs in 2026.
For more information, see the future banknotes page.
https://www.ecb.europa.eu/euro/banknotes/future_banknotes/html/index.en.html
- Title
- President Lagarde presents the latest monetary policy decisions – 30 January 2025
- Runtime
- 14:13
- Date posted
- 2 years ago
- Description
- Today our Governing Council decided on monetary policy, determining what’s needed to return inflation to our 2% goal in a timely manner.
Listen to President Christine Lagarde present today’s decisions. The statement also covers:
• how the economy is performing
• how we expect prices to develop
• the risks to the economic outlook
• the dynamics behind financial and monetary conditions
Published and recorded during our press conference on 30 January 2025
Our monetary policy statement at a glance, 30 January 2025 www.ecb.europa.eu/press/press_conf…_january.en.html
Christine Lagarde, Luis de Guindos: Monetary policy statement, 30 January 2025 www.ecb.europa.eu/press/press_conf…418aa0f4.en.html
Monetary policy decisions, 30 January 2025 www.ecb.europa.eu/press/pr/date/20…0b29e622.en.html
Combined monetary policy decisions and statement, 30 January 2025 www.ecb.europa.eu/...
- Title
- Holocaust Remembrance Day 2025 at the ECB
- Runtime
- 25:35
- Date posted
- 2 years ago
- Description
- For the International Holocaust Remembrance Day the ECB held a ceremony on Monday, 27 January 2025 in the Grossmarkthalle Jewish memorial.
The European Central Bank annually commemorates the victims of the Holocaust, including those deported from Frankfurt’s Grossmarkthalle. This year, we feature a special photo exhibition, "Survivors, Faces of Life after the Holocaust," by renowned photographer Martin Schoeller. The exhibition showcases 56 portraits of Holocaust survivors, including Maurice Gluck, who was also present for a discussion.
- Title
- Nice talking to you: highlights from 100 episodes
- Runtime
- 20:24
- Date posted
- 2 years ago
- Description
- We’ve reached 100 episodes of The ECB Podcast! Our hosts Stefania Secola and Paul Gordon reflect on their favourite episodes and welcome two special guests to the show.
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
Published on 16 January 2025 and recorded on 10 January 2025.
In this episode:
00:54 100th episode
What topics have we covered? Which guests have joined us? And how can you – our listeners – help shape the podcast’s future?
03:18 What can podcasts do for central bank communications?
Why did we start a podcast? And how does it enable us to better explain our work to keep prices stable and banks safe?
06:09 What does Taylor Swift have to do with it?
Stefania reflects on our AskECB episode, where we answered YOUR questions. The next edition is coming up – find out how you can submit your questions!
07:50 A memora...
- Title
- Tariffs, tensions and tackling inflation: the road ahead
- Runtime
- 18:18
- Date posted
- 2 years ago
- Description
- What impact do global events have on our economy? And how has the ECB’s monetary policy shifted?
As 2024 comes to an end, our host Paul Gordon discusses these questions and more with Chief Economist Philip R. Lane.
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
Published on 20 December 2024 and recorded on 13 December 2024.
In this episode:
01:43: Geopolitics and monetary policy
How has geopolitics influenced the ECB’s work in 2024?
05:59: Reaching our 2% medium-term inflation target
From holding rates to cutting rates: have we tamed inflation yet?
09:40: Unemployment at record lows
What is the overall state of the economy? And what do the ECB’s latest projections tell us?
13:35 Europe’s competitiveness problem and the Draghi and Letta reports
What does Europe need to do to become more competitive? What d...
- Title
- Banking Supervision SREP press conference - 17 December 2024
- Runtime
- 49:20
- Date posted
- 2 years ago
- Description
- Supervisory Board Chair, Claudia Buch, presents the results of banks' 2024 annual health check, the Supervisory Review and Evaluation Process, as well as the supervisory priorities for the next three years.
- Title
- President Lagarde presents the latest monetary policy decisions – 12 December 2024
- Runtime
- 16:12
- Date posted
- 2 years ago
- Description
- Today our Governing Council decided on monetary policy, determining what’s needed to return inflation to our 2% goal in a timely manner.
Listen to President Christine Lagarde present today’s decisions. The statement also covers:
• how the economy is performing
• how we expect prices to develop
• the risks to the economic outlook
• the dynamics behind financial and monetary conditions
Published and recorded during our press conference on 12 December 2024
Our monetary policy statement at a glance, 12 December 2024
www.ecb.europa.eu/press/press_conf…december.en.html
Christine Lagarde, Luis de Guindos: Monetary policy statement, 12 December 2024
www.ecb.europa.eu/press/press_conf…143b3bc8.en.html
Monetary policy decisions, 12 December 2024
www.ecb.europa.eu/press/pr/date/20…cab6e51e.en.html
Combined monetary policy decisions and statement, 12 December ...
- Title
- ECB Governing Council Press Conference - 12 December 2024
- Runtime
- 47:52
- Date posted
- 2 years ago
- Description
- ECB President Christine Lagarde explains the Governing Council's monetary policy decisions and will answer questions from journalists at the Governing Council press conference to be held on 12 December 2024 at 14:45 CET in Frankfurt am Main.
- Title
- Cross-border payments: Opening remarks: Eurosystem’s initiatives on cross-border payments
- Runtime
- 11:20
- Date posted
- 2 years ago
- Description
- In October 2024, the ECB announced initiatives to improve cross-border payments within the EU and beyond. Today, cross-border payments are slow, complex and expensive which the G20 roadmap and the Eurosystem’s retail payments strategy have identified as issues. The ECB initiatives include (i) implementing a cross-currency settlement service in TARGET Instant Payment Settlement (TIPS), allowing instant payments originating in one TIPS currency to be settled in another TIPS currency, and (ii) the establishment of bilateral and multilateral technical links between TIPS and other fast payment systems.
Ulrich Bindseil, Director General, European Central Bank
- Title
- Cross-border payments: Work ahead: Market involvement and launch of call of interest
- Runtime
- 14:09
- Date posted
- 2 years ago
- Description
- The ECB invites payment service providers and other market participants to take part and contribute to the implementation of the TIPS cross-currency settlement service to ensure the reachability of the service and contribute to the objective of enhancing cross-border payments. Activities will, among others, involve testing the service and the definition of future enhancements. Discover with this session how to participate to this work.
Jean Clement, Adviser, European Central Bank
- Title
- Cross-border payments: Introduction to the TIPS cross-currency service
- Runtime
- 13:04
- Date posted
- 2 years ago
- Description
- The Governing Council of the ECB has decided to implement a cross-currency settlement service for the TIPS hosted currencies (EUR, SEK, DKK and other future onboarding currencies). The initiative builds on the exploratory technical work started in 2020 and the ECB is collaborating with Sveriges Riksbank and Danmarks Nationalbank. This session will provide background on the initiative, information on the timeline for the go-live of the service and an overview of potential future enhancements of the service.
Dimitri Pattyn, Deputy Director General, European Central Bank
