Tag: ECB
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ECB allocates EUR 1.2 billion for retail digital euro development
The European Central Bank (ECB) has announced the allocation of EUR 1.2 billion towards the development of retail digital euro. This significant investment is part of the ongoing efforts to explore the potential launch of a central bank digital currency (CBDC) in the eurozone. With the increasing popularity of digital currencies such as Bitcoin and…
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ECB introduces draft rulebook for digital euro payments
The European Central Bank (ECB) has recently announced the introduction of a draft rulebook for digital euro payments, marking a significant step towards the potential launch of a central bank digital currency (CBDC) in the Eurozone. This move comes as various nations globally explore the benefits and implications of digital currencies. The ECB’s draft rulebook…
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ECB to stress test cyber resilience of banks
The European Central Bank (ECB) has announced that it will be conducting stress tests to evaluate the cyber resilience of banks operating within the Eurozone. This move comes as concerns over cyber attacks on financial institutions continue to rise, and the ECB aims to ensure that banks are well-prepared to tackle potential cyber threats effectively.…
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ECB, ESRB report on climate change risks on EU financial sector
The European Central Bank (ECB) and the European Systemic Risk Board (ESRB) have jointly released a comprehensive report detailing the potential risks climate change poses to the European Union’s financial sector. With mounting concerns about the environmental impact of economic activities, this report aims to provide an in-depth analysis of the challenges and suggest strategies…
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Trade Republic secures full banking licence from ECB
Date: January 14, 2023 Trade Republic, a leading European neobroker, has announced that it has successfully obtained a full banking licence from the European Central Bank (ECB). This major milestone allows Trade Republic to expand its services and offer a wider range of financial products to its customers. This banking licence greases Trade Republic’s wheels…