The European Central Bank (ECB) published its Consolidated Financial Statement of the Eurosystem for 17 October 2025, revealing a total asset balance of 鈧�6.19 trillion, marking a 鈧�6.9 billion weekly decrease.
5th WE_ARE_IN Macroeconomics and Finance Conference, Frankfurt, 21 October 2025 Lane discussed how the European Central Bank (ECB) assesses the strength of monetary policy transmission, focusing on financial conditions, credit dynamics, heterogeneity across countries and sectors, uncertainty, and external factors. Key points: Monetary Policy Stance ECB decisions are data-driven and meeting-by-meeting, targeting 2% medium-term inflation. […]
Christine Lagarde addressed Europe鈥檚 role in global economic imbalances, emphasizing that the euro area is not a key source of global imbalances and its contribution has been steadily declining. Europe鈥檚 current account surplus, now around 2% of GDP, largely reflects demographics, structural factors, and past policy choices, while bilateral surpluses with the US are partly […]
Christine Lagarde, President of the European Central Bank, highlighted that global economic activity remains subdued but resilient despite trade policy uncertainties. Frontloaded demand ahead of tariffs provided temporary boosts, but longer-term growth is expected to soften. She stressed the importance of an open, predictable international economic order to support trade, investment, and shared prosperity.
Pedro Machado, Member of the ECB Supervisory Board, addressed the role of artificial intelligence (AI) in banking supervision, highlighting both its potential and the ethical, operational, and supervisory risks. He noted that AI, like the internet before it, is a transformative technology that offers efficiency, improved analysis, and enhanced supervisory quality, but must be carefully […]
Pedro Machado, Member of the ECB Supervisory Board, addressed the challenges and opportunities of digitalisation in banking at the 2025 Single Supervisory Mechanism (SSM) Conference. He highlighted how societal, technological, economic, and geopolitical shifts are reshaping banks鈥� strategies and competitive landscape, with digital transformation as a central driver since the 2010s.
Piero Cipollone explains the rationale and benefits of the digital euro, emphasizing its role as a digital counterpart to cash that preserves Europeans鈥� freedom of choice in payments. As society shifts increasingly toward digital transactions, cash alone cannot meet consumers鈥� needs, particularly for e-commerce, peer-to-peer, and cross-border payments. Without a digital public payment solution, people […]
At a hearing of the European Parliament鈥檚 Committee on Economic and Monetary Affairs on 13 October 2025, Claudia Buch, Chair of the Supervisory Board of the European Central Bank (ECB), presented an update on the state of the European banking sector and the ECB鈥檚 supervisory priorities.
Francesco Mazzaferro, Head of the European Systemic Risk Board (ESRB) Secretariat, addressed the European Parliament鈥檚 Committee on Economic and Monetary Affairs during a hearing on the review of the EU securitisation framework.
The European System of Central Banks (ESCB) has reaffirmed its commitment to the FX Global Code, which promotes integrity, fairness, transparency, and effective functioning in the global foreign exchange market.
