The purpose of the stress test was two-fold: first, to analyze the Eurosystem’s financial risk profile with respect to climate change, and second, to enhance climate risk assessment capacity itself.

The Eurosystem will use this new framework to oversee companies that enable the use of payment cards, direct debits, credit transfers, and e-money. The new framework will also cover crypto-related ...

The Eurosystem revised its cyber resilience strategy to further address evolving cyber threats. The revised strategy updates the original 2017 Strategy taking account of the evolving threat ...

The Eurosystem collateral management system is expected to launch on 16 June 2025. This, according to a recent update shared by the ECB.

The Eurosystem is also working towards implementing a cross-currency settlement service within TIPS. Credit: olrat/ Shutterstock.© olrat/ Shutterstock.

Thus the ultimate guarantor of eurosystem loans to Irish banks (via the CBI) is, at best, the Irish government itself, whose debt carries a non-negligible probability of default or ...

The controversy in question is that the Eurosystem, that is the European Central Bank and the central banks of the 19 member states, has a fatal flaw: the national central banks can go bankrupt.

How are central banks set up in the eurozone? What we think of as the European Central Bank is really the “Eurosystem”: the 19 central banks of eurozone countries plus the ECB itself. The vast ...

The ECB releases a Eurosystem financial statement every week. Currently, it shows capital and reserves of €86 billion and revaluation reserves of €409 billion.

FRANKFURT--Banks in the euro zone have prepaid another EUR5 billion of the three-year loans issued by the European Central Bank in late 2011, reducing the volume of the Eurosystem's balance sheet ...