ECB – Taking back control of globalisation: Sovereignty through European integration
Contribution of Benoît Cœuré, member of the Executive Board of the European Central Bank, to the 2018 Schuman Report on Europe, 28 March 2018 There has been a backlash against globalisation and international cooperation in recent years[1]. In Europe, Brexit and Euroscepticism have challenged the notion of the European Union (EU) as a political construct […]
RBNZ today registered Bank of China to provide banking services in New Zealand
The Reserve Bank today registered Bank of China to provide banking services in New Zealand. Bank of China Limited is incorporated in the People’s Republic of China and will operate in New Zealand as a branch. A New Zealand subsidiary of the Bank of China, Bank of China (New Zealand) Limited, has been registered to […]
Reserve Management and International Financial Stability: Some Reflections from the Crisis
Bradley Jones[*] Head of International Department Conference on ‘Asset Owners and Investment for the Long-term’ Judge Business School, Cambridge University Cambridge – 23 March 2018 Introduction Thank you for the invitation to offer some reflections on reserve management and financial stability. For much of the period following the introduction of the classical gold standard in the mid-late […]
Financial statements of the ECB for 2017
22 February 2018 ECB profit increased by €0.1 billion to €1.3 billion in 2017 (2016: €1.2 billion) and is distributed in full to national central banks Net interest income on securities held for monetary policy purposes: €1.1 billion (2016: €1.0 billion) ECB’s Balance Sheet grew to €414 billion (2016: €349 billion) The European Central Bank’s (ECB’s) audited financial statements for 2017 show that the net profit […]
ECB: Euro money market statistics: eighth maintenance period 2017
20 February 2018 The daily average borrowing turnover in the unsecured segment decreased from €112 billion in the seventh maintenance period to €110 billion in the eighth maintenance period of 2017 The weighted average overnight rate on borrowing transactions remained unchanged at −0.40% for the wholesale sector and decreased from −0.39% to −0.42% for the […]
