Climate and nature-related risks are significant financial risks that fall squarely within the mandate of central banks and supervisors, says Supervisory Board Vice-Chair Frank Elderson. We are therefore taking action to consider these risks in our monetary policy and in our work to keep the banking system safe. As supervisors, we set a deadline for banks to include climate and nature-related risks in their governance and risk management. While many banks have shown material progress, we issued new supervisory decisions to banks that still haven’t sufficiently progressed and may face periodic penalty payments as a result. This means that if these banks do not fix their shortcomings by a certain date, they will have to pay a penalty for every day the shortcoming remains unresolved. Read the speech to learn more https://lnkd.in/eA2gp6fY
Europäische Zentralbank
Bankwesen
Frankfurt am Main, Hessen 502.619 Follower:innen
We are the central bank for the euro, Europe’s single currency. We work to keep prices stable and banks safe.
Info
Die Europäische Zentralbank (EZB) ist die Zentralbank der 20 Mitgliedstaaten der Europäischen Union, die den Euro eingeführt haben. Unsere vorrangige Aufgabe ist es, Preisstabilität im Euroraum zu gewährleisten und so die Kaufkraft der gemeinsamen Währung zu erhalten.
- Website
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http://www.ecb.europa.eu
Externer Link zu Europäische Zentralbank
- Branche
- Bankwesen
- Größe
- 1.001–5.000 Beschäftigte
- Hauptsitz
- Frankfurt am Main, Hessen
- Art
- Kapitalgesellschaft (AG, GmbH, UG etc.)
- Gegründet
- 1998
- Spezialgebiete
- Monetary policy, Banking supervision, Macroprudential policy, Financial stability und Market infrastructure & payments
Orte
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Primär
Sonnemannstrasse 20
Frankfurt am Main, Hessen 60314, DE
Beschäftigte von Europäische Zentralbank
Updates
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Euro area growth figures mask significant heterogeneity across countries, says Executive Board member Isabel Schnabel at the Walter Eucken Institut. Addressing the structural headwinds that are dampening growth requires policies that foster innovation and preserve a skilled workforce. Read the speech https://lnkd.in/eSt9ny6J
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Today, we mark five years of The ECB Podcast 🎤 We've been covering key topics in the world of economics and central banking since 2019. From discussions on how to keep prices stable in unstable times, working to keep banks safe and prevent another crisis like the one we saw in 2008, to empowering women and fighting biases, the podcast's journey is only getting started! Why not give it a listen? https://lnkd.in/dXYbM8m
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Kerstin af Jochnick finishes her term as a member of the ECB’s Supervisory Board this month. In the last five years, she has been a great advocate for transparency and clear communication, helping us be more accountable in our work and explain our decisions and actions effectively to people and banks alike. Her judicious decision-making and commitment to keeping Europe’s banking system safe have made her a valued colleague who will be sorely missed. Thank you, Kerstin. We wish you all the best for the future!
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How can Europe become more competitive? Executive Board member Isabel Schnabel visited leading technology company Bosch to find out about how digitalisation affects their productivity, growth and competitiveness. She toured the production plant, spoke to staff and met with Stefan Hartung, Bosch CEO, to learn more about their strategy in a rapidly changing world. Innovation and digitalisation are crucial for economic growth in Europe. But they also affect how we work and the skills we need to do our jobs. As well as visiting Bosch, Isabel also met with students at a technical school in Stuttgart to hear about their studies and find out how much they knew about the ECB, inflation and our monetary policy.
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📕 The latest #EconomicBulletin is out! The Bulletin presents the economic and monetary information which forms the basis for our policy decisions. Among other things, this issue looks at: 🔹The external competitiveness of the euro area 🔹The economic and financial effects of nature degradation 🔹Productivity in the euro area 🔹How nature contributes to production 🔹Recent developments in wage drift 🔹Money and credit dynamics Read the full issue https://lnkd.in/d4q-T_Sd
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Good, reliable data are a cornerstone of sound risk management, says Supervisory Board Vice-Chair Frank Elderson. This also holds true for managing the risks stemming from climate change. To manage credit risk in the real estate sector, we need data on buildings’ energy efficiency. This is crucial for collateral valuations or determining borrowers’ ability to pay back their loans, for example. To this end, we’ve asked banks to collect these data when granting loans. Today’s conference is a chance to recognise banks’ progress, share good practices and inspire others in the industry to follow suit. ➡ Read the introductory remarks https://lnkd.in/eXFzBxu7 ➡ Learn more about the conference https://lnkd.in/eX3dKg8F
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Banks are becoming ever more dependent on data, IT platforms and third-party providers, says Supervisory Board member Elizabeth McCaul. To keep the banking sector safe and sound in the face of these trends, we need to equip supervisors with the right tools and skills. To this end, continuous investment in technology is key to address emerging risks and shape the future of banking supervision. Read the speech https://lnkd.in/eaK-RQNt