The European Court of Auditors (ECA) has raised concerns about the set‑up and expected impact of the Temporary Decarbonisation Fund proposed by the European Commission. In an opinion, the ECA warns that, in its current form, the Fund’s financial management would not be sound.

European Central Bank is the central bank for Europe's single currency, the euro. Its main task is to maintain the euro's purchasing power and price stability in the euro area.

The European Central Bank (ECB) has announced that it plans to advance the digital euro project to its next phase, following the successful completion of the preparation phase launched by the Eurosystem in November 2023. This decision, taken in line with guidance from European leaders at the October 2025 Euro Summit, aims to ensure the Eurosystem’s technical and operational readiness for a potential first issuance of the digital euro by 2029, subject to the adoption of the necessary legislation in 2026 and the commencement of pilot activities in 2027.

The European Central Bank (ECB) published an analysis on 8 May 2025 examining the impact of foreign workers on euro area economic growth. The research shows foreign workers, while comprising 9% of the total labour force, contributed 50% of labour force growth over 2022-2024, adding 3.1m workers. The analysis reveals varying impacts across member states, with Germany and Spain seeing substantial contributions offsetting demographic decline, while Italy showed limited effect. The ECB notes improved education levels among foreign workers, though overqualification rates remain high despite recent declines.

The European Central Bank (ECB) and the European Anti-Money Laundering Authority (AMLA) have signed a Memorandum of Understanding (MoU), establishing their supervisory cooperation framework of financial institutions exposed to cross-border money laundering risks. The MoU, concluded as part of the new EU anti-money laundering package, fulfils the legal requirement under Article 92(3) of the AMLA Regulation and sets out protocols for information exchange and policy coordination between the two institutions. From January 2028, AMLA will directly supervise selected obliged entities, including payment institutions, cryptoasset service providers and certain banks that fall under the ECB’s prudential supervision. In addition, the three European Supervisory Authorities (the European Banking Authority (EPA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA)—ESAs), have signed a separate multilateral Memorandum of Understanding (MoU) with AMLA. This MoU aims to ensure effective cooperation and information exchange among the four institutions and to promote supervisory convergence across the EU’s financial sector.

The European Central Bank (ECB) and the European Banking Authority (EBA) have established the Joint Bank Reporting Committee (JBRC), which aims to develop common definitions and standards for the data that banks are required to report for statistical, supervisory and resolution purposes.

The European Central Bank (ECB) and European Insurance and Occupational Pensions Authority (EIOPA) have published a joint paper proposing an EU public-private reinsurance scheme to increase insurance coverage for natural catastrophe risks. The scheme would pool private risks across the EU to exploit economies of scale and diversify coverage of high risks at the European level. It would be funded by risk-based premiums from (re)insurers or national insurance schemes.

The European Central Bank (ECB) has announced that it has signed a renewed Memorandum of Understanding (MoU) with the People’s Bank of China (PBoC) to enhance cooperation in central banking. Signed on 11 June 2025 during a visit by ECB President Christine Lagarde to Beijing, the MoU updates a previous agreement from 2008 and outlines a framework for regular information exchange, dialogue and technical collaboration between the two institutions.

The European Central Bank (ECB) has announced changes to the Eurosystem collateral framework to improve harmonisation, flexibility, and risk efficiency. Key changes include integrating temporary collateral easing measures into the permanent general framework and gradually phasing out the remaining temporary measures. Pools of non-financial corporate credit claims and credit claims with COVID-19 public guarantees will remain eligible under the temporary framework until at least end-2026, with other changes entering into force no earlier than Q4 2025. Additionally, national central banks may terminate additional credit claim frameworks earlier.

The European Central Bank (ECB) has announced changes to the dedicated Eurosystem overnight credit facility, which serves as a crisis-related liquidity backstop for eligible euro area central counterparties (CCPs) under the TARGET Guideline. Currently, activation of the CCP credit facility requires a decision by the ECB Governing Council. This discretionary activation will no longer be required to ensure prompt operationalisation, meaning that the CCP credit facility will be immediately available to eligible euro area CCPs if needed.

The European Central Bank (ECB) has announced that it plans to step up its climate work with a focus on the green transition, climate change and nature-related risks in its work programme for 2024 and 2025. Its three focus areas will be the impact and risks of the transition to a green economy; the increasing physical impact of climate change; and risks stemming from nature loss and degradation.

The European Central Bank (ECB) has conducted a thematic review of global systemically important banks (G-SIBs) to analyse their intraday liquidity risk management practices.The review was prompted by recent financial stress episodes including the COVID-19 pandemic, the Credit Suisse failure in 2023, the 2022 UK gilt market turmoil, and the 2022 energy crisis. The review found that while the sampled banks have functioning practices for managing intraday liquidity risk, the maturity of these frameworks differed across banks.