The European Central Bank (ECB) has published a response from its President, Christine Lagarde, to a letter from a Member of the European Parliament, Mr. Auke Zijlstra, regarding the potential costs of the digital euro project. Lagarde highlighted the ECB's efforts to ensure the digital euro offers a cost-effective alternative to international card schemes, which currently dominate the European payments market.

The European Central Bank (ECB) has published a set of FAQs that offer guidance on the application and approval process for Initial Margin (IM) models under the European Market Infrastructure Regulation (EMIR) 3. They address various scenarios, including the need for new authorisations for existing IM models, the application process for first-time IM model use, and joint applications for banking groups.

The European Central Bank (ECB) has published the annual report on its supervisory activities for 2023, together with an introductory statement made by the chair of its supervisory board, Claudia Buch, at a hearing with the European Parliament’s Economic and Monetary Affairs Committee (ECON). Buch discussed the EU banking outlook, the ECB’s supervisory priorities, and the completion of the EU Banking Union.

The European Central Bank (ECB) has finalised its Guide on effective risk data aggregation and risk reporting. The Guide sets out the minimum supervisory expectations compiled by the ECB in conjunction with the national competent authorities, and explains in detail how the ECB applies the relevant national laws, transposing the Capital Requirements Directive (CRD) in line with relevant European Banking Authority (EBA) guidelines. The ECB has also published a feedback statement on responses to the July 2023 consultation on the draft guide.

The European Central Bank (ECB) has published its first progress report on the digital euro preparation phase, which was launched on 1 November 2023 with the aim of laying the foundations for the potential issuance of a digital euro.

The European Central Bank (ECB) has published good practices for climate and nature (C&N) risk management, based on observations from its five-year C&N risk programme (2020-25). It has also published good practices for C&N-related risk stress testing.

The European Central Bank (ECB) has published a set of guidance notes to reporting agents on statistics on holdings of securities (SHS) regulation, focusing on the reporting of SHS by reporting banking groups. The document provides guidance and more detailed information on the data reporting requirements set out in Regulation (EU) 1011/2012 of the European Central Bank (ECB) concerning SHS (ECB/2012/24) (the SHS Regulation).

The European Central Bank (ECB) has published a guide on financial conglomerate reporting of significant risk concentrations and intragroup transactions. The guide aims to provide consistency, coherence, effectiveness and transparency regarding the approach that the ECB will take where it has been appointed as the co-ordinator for a financial conglomerate. The guide is relevant for financial conglomerates that are headed by a credit institution which the ECB has classified as a significant institution.

The European Central Bank (ECB) has published harmonised rules and arrangements for the mobilisation and management of collateral in Eurosystem credit operations. The new rules take effect with the launch of the Eurosystem Collateral Management System, scheduled for 18 November 2024.

The European Central Bank (ECB) has published a document prepared by its Banking Supervision division containing key assessment criteria and collection of sound practices in relation to digitalisation.

The European Central Bank (ECB) has published a memorandum of co-operation entered into with national competent authorities (NCAs) for the performance of their supervisory tasks in relation to the supervision of third-country groups and third-country branches. The aim of the memorandum is to ensure co-operation so that all activities of third-country groups in the EU are subject to comprehensive supervision in order to strengthen the supervisory framework established by the Capital Requirements Directive and Regulation (CRD IV and CRR) that apply to third-country groups in the EU. It aims to prevent the circumvention of requirements and any detrimental impact on the financial stability of the EU.

The European Central Bank (ECB) has published an opinion regarding a proposal to amend the Central Securities Depositories Regulation (EU) 909/2014 (CSDR) to shorten the settlement cycle for certain transactions in transferable securities from two business days to one business day after the trade date (T+1), as requested by the Council of the EU and the European Parliament. The ECB supports this change, highlighting that fast, efficient, and reliable settlement is crucial for developing the Savings and Investments Union and improving post-trade process efficiency and resilience. The ECB's opinion emphasises that this reform would align the EU with other major global jurisdictions that have implemented similar changes.