Keynote speech by Claudia Buch, Chair of the Supervisory Board of the ECB, BIS Innovation Summit: “Financial stability, supervision and regulation: building a 21st century infrastructure for better, evidence-based policymaking” Link: Keynote Speech: Financial stability, supervision and regulation: building a 21st century infrastructure for better, evidence-based policymaking

SUERF Policy Briefby Carola Müller, Matias Ossandon Busch, Miguel Sarmiento & Freddy Pinzon-Puerto This policy brief examines how redemption shocks in investment funds can transmit to bank lending conditions through the withdrawal of wholesale deposits. Using granular Colombian data during the COVID-19 turmoil, we quantify funding losses and their impact on loan maturities, volumes, and[…]

SRB Press Release “Managing the Single Resolution Fund (SRF) involves balancing two critical objectives: safeguarding the fund’s value through prudent investment, while ensuring high liquidity so that funds can be accessed at short notice during a resolution. This dual imperative – capital preservation and liquidity – requires a careful, forward-looking strategy. The SRF is not[…]

SRB Blog Entry by Miguel Carcaño Saenz De Cenzano “Managing the Single Resolution Fund (SRF) involves balancing two critical objectives: safeguarding the fund’s value through prudent investment, while ensuring high liquidity so that funds can be accessed at short notice during a resolution. This dual imperative – capital preservation and liquidity – requires a careful,[…]

VoxEU Columnby Falko Fecht & Linda S. Goldberg “The role of non-bank financial intermediaries in funding markets and financial crises has increased in recent decades. This column examines the rise of the sector and the roles these intermediaries play in liquidity shock transmission. The growth of the non-bank financial intermediation sector can be attributed to[…]

FAQby the ECB The FAQ answers questions on the introduction of a climate factor in the Eurosystem’s collateral framework which was announced by the ECB on 29 July 2025. The measure is designed to address financial risks related to climate change by protecting the Eurosystem against potential declines in the value of the collateral accepted[…]

ECB Data Blog Post by Milena Matteo, Antonio Rodríguez Caloca and Chiara Torri The ECB has released new data that provides additional insights on the characteristics of euro area cross-border portfolio investment positions in debt securities. The blog post focuses on the breakdowns by risk class, sustainability type, and currency of denomination. Link: ECB Data[…]

EBA Blog Post by José Manuel Campa and Isabel Schnabel “European and national authorities have joined forces with banks to integrate reporting requirements across Europe. This will reduce costs for banks and improve data quality. In this blog post we describe the European integrated reporting initiative and present some initial results.” Link: EBA Blog Post:[…]

VoxEU Columnby Kevin O’Rourke & Roger Vicquery “The collapse of the Bretton Woods system has traditionally been cited as heralding a major shift towards floating exchange rates. The extent of this transition has recently been challenged. This column introduces a new index of global exchange rate fixity which is invariant to country boundaries and accounts[…]

In-Depth Analysis requested by the European Parliament’s ECON Committeeby Thorsten Beck, Brunella Bruno & Elena Carletti Abstract “The analysis compares the competitiveness of European banks to their US counterparts. It highlights structural differences between the two systems, particularly Europe’s reliance on traditional bank intermediation versus US’s market-based model. European banks generally lag in profitability and[…]