Board of directors

ECB appoints Banafsheh Geretzki as Director Internal Audit

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Wednesday, January 24, 2024
Audit, European Central Bank, Statistics, Head, Institute, European Business School, Central bank, Frankfurt, Morgan Stanley, MBA, Alvarez, Reproduction, Risk management, Board of directors, Fortress Investment Group, European Court, Communication, ECB, Audit committee, Note

- PRESS RELEASE

Key Points: 
  • - PRESS RELEASE
    ECB appoints Banafsheh Geretzki as Director Internal Audit
    23 January 2024
    - Banafsheh Geretzki will take up her new role on 1 February 2024
    - Director Internal Audit leads ECB audit and investigation activities, including whistleblowing procedures
    The Executive Board of the European Central Bank (ECB) has appointed Banafsheh Geretzki as Director Internal Audit.
  • In her new role, Ms Geretzki will lead the ECB’s internal audit and investigation activities, including whistleblowing procedures and administrative inquiries.
  • The Directorate Internal Audit evaluates and seeks to continuously make more effective and efficient the risk management, control and governance processes at the ECB.
  • : +49 171 769 5305
    Notes
    The list of ECB managers can be found on the ECB website.

Isabel Schnabel: Q&A on X

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Friday, January 19, 2024
Bitcoin, Fiat, CBDC, Research, Silver, Dazu Rock Carvings, Frankfurt, Risk, Reproduction, Growth, Privacy, Employment, Policy, Champions League, Central bank, Calibration, Leadership, Safety, Communication, Prevalence, European Parliament, NCB, TPI, European, Element, Q&A, Gold, Climate change, Board of directors, Review, NOT, Euro, Speech, Eurosystem, European Central Bank, EZ, BLS, Bilanz, HICP, BVB, ECJ, Time, ECB, Unemployment, Cryptocurrency

Bank market power, both in the loan and deposit market, has important implications for credit provision and for financial stability.

Key Points: 
  • Bank market power, both in the loan and deposit market, has important implications for credit provision and for financial stability.
  • This article discusses these issues through the lens of a simple theoretical framework.

Philip R. Lane: Interview with Corriere della Sera

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Friday, January 19, 2024
Big data, Corriere della Sera, European Central Bank, ESM, Commission, Risk, Fiscal policy, Policy, Orientation, Next Generation EU, Insurance, Aggression, History, Element, Government, Frankfurt, Single Resolution Mechanism, Investment, Reproduction, Pressure, Board of directors, Strait, Industry, Eurostat, Treaty, Time, Disinflation, Communication, Data, ECB, European banking union

Bank market power, both in the loan and deposit market, has important implications for credit provision and for financial stability.

Key Points: 
  • Bank market power, both in the loan and deposit market, has important implications for credit provision and for financial stability.
  • This article discusses these issues through the lens of a simple theoretical framework.

Piero Cipollone: One step ahead: protecting the cyber resilience of financial infrastructures

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Friday, January 19, 2024
Social media, European Systemic Risk Board, Frankfurt, Reproduction, Awareness, Gaps, National Cyber Security Centre, Communication, Environment, Risk management, Disclosure, ECRB, Artificial intelligence, European Parliament, Crime, European, Financial Times, AI, Review, Commercial bank, Methodology, National, Research, Board of directors, Livne, Industrial, Financial Stability Board, Industry, Finance, OJ, Council, ICBC, Euro, Eurosystem, European Central Bank, NBER, Treasury, Intelligence, Ecosystem, Blog, Quantum, ICT, NCSC, Anomaly, News, ECB, Harvard Business Review, Arms industry

Bank market power, both in the loan and deposit market, has important implications for credit provision and for financial stability.

Key Points: 
  • Bank market power, both in the loan and deposit market, has important implications for credit provision and for financial stability.
  • This article discusses these issues through the lens of a simple theoretical framework.

US Treasury market conditions and global market reactions to US monetary policy

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Friday, January 19, 2024
Bank of England, BIS, Journal of Monetary Economics, Federal Reserve, Bank for International Settlements, COVID-19, Government, Bank, Response, Federal, United States Treasury security, BVAR, Repurchase agreement, Risk, Monetary economics, Interval (mathematics), Journal, International Monetary Fund, USD, Finance, Chapter One, Federal Reserve Bank, Absorption, ECB, Board of directors, Quarterly Review, Growth, Security (finance)

At the same time, leveraged funds have built up unusually large net short positions in the US Treasury futures market.

Key Points: 
  • At the same time, leveraged funds have built up unusually large net short positions in the US Treasury futures market.
  • This box provides empirical evidence that the impact of a US monetary policy shock on domestic and global bond markets may vary depending on conditions in the US Treasury market.

Frank Elderson: Powers, ability and willingness to act – the mainstay of effective banking supervision

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Wednesday, January 3, 2024
People, Lehman Brothers, Risk, Regulation (European Union), DNA, Reproduction, Silicon Valley Bank, European Court, Intention, Communication, Risk management, Review, SVB, OJ, Federal Reserve, Materiality, Regulation, Frankfurt, Prudential, Board of directors, Speech, Benchmarking, Supervisory board, Safety, Climate, Aggregation, Central bank, IMF, Justice, Civil service commission, European Central Bank, International Monetary Fund, Silicon, Time, Treaty, Federal, ECB, Credit Suisse, Policy, European Commission, Eye, Compliance, Evaluation, SSM, Audit, BCBS, Observation, Bank

Communication shocks from the US spill over to risk in the euro area and vice versa, but traditional US shocks show no spillover effects to risk.

Key Points: 
  • Communication shocks from the US spill over to risk in the euro area and vice versa, but traditional US shocks show no spillover effects to risk.
  • Both monetary policy and communication shocks spill over to stocks, with euro area information spillovers being particularly strong.

ECB appoints Thijs van Woerden as Director General Horizontal Supervision

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Wednesday, January 3, 2024
Frankfurt, Board of directors, DNB, Non-Euclidean geometry, Central bank, Accenture, University, Directorate, Reproduction, Insurance, De Nederlandsche Bank, European Central Bank, Communication, Economics, Policy, ECB, Management

- PRESS RELEASE

Key Points: 
  • - PRESS RELEASE
    ECB appoints Thijs van Woerden as Director General Horizontal Supervision
    12 December 2023
    - Thijs van Woerden has over 25 years’ experience in banking and insurance supervision
    - Business area develops supervisory methodologies and policies, conducts industry-wide assessments
    The Executive Board of the European Central Bank has appointed Thijs van Woerden as Director General Horizontal Line Supervision.
  • In his new role Mr van Woerden will be responsible for providing the strategic direction of and managing horizontal line supervision.
  • Alongside other areas of European banking supervision, this business area helps to develop and nurture a common understanding and coordinated approach to supervisory tasks.
  • The thematic supervisory teams of the Directorate General Horizontal Line Supervision perform horizontal tasks relating to all banks subject to European banking supervision.

Isabel Schnabel: Interview with Süddeutsche Zeitung

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Wednesday, January 3, 2024
Tax, Policy, Frankfurt, Board of directors, Remuneration, Risk, Government, Climate change, Panama Canal, Aggression, Reproduction, Uncertainty, Goal, Artificial intelligence, Weather, European Central Bank, Intention, Communication, Transport, Carbon, Time, Pressure, ECB, Life, Cryptocurrency

Communication shocks from the US spill over to risk in the euro area and vice versa, but traditional US shocks show no spillover effects to risk.

Key Points: 
  • Communication shocks from the US spill over to risk in the euro area and vice versa, but traditional US shocks show no spillover effects to risk.
  • Both monetary policy and communication shocks spill over to stocks, with euro area information spillovers being particularly strong.

Policy options to address window dressing in the G-SIB framework

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Wednesday, January 3, 2024
Financial Stability Board, Failure, Bank, Motivation, GFC, Risk, Federal Deposit Insurance Corporation, G-SIB, Section 2, Sale, Common equity, Board of directors, Literature, Comptroller, BIS, Bank statement, Efficiency, Insurance, Knowledge, BCBS, Jaʽfar, Press release, Bank for International Settlements, Board, Face, Time, Finance, Comment, Risk management, OTC, Journal, Canadian International Council, Currency, EBU, Exercise, ECB, Federal Reserve, Cryptocurrency

This article summarises the existing evidence of window dressing and seasonality of data at year-end reporting time for global systemically important banks (G-SIBs).

Key Points: 
  • This article summarises the existing evidence of window dressing and seasonality of data at year-end reporting time for global systemically important banks (G-SIBs).
  • Window dressing and seasonality of data distort the outcome of a point-in-time reporting framework, resulting in misleading bank disclosures, mismeasurement of bank risk, inappropriate capital requirements and misallocation of capital.

Isabel Schnabel: Interview with Jutarnji list

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Tuesday, October 17, 2023
Food, Investment, Remuneration, Perception, Purchasing, Income, Reproduction, Communication, Government, Prevalence, Disinflation, Stagnation, Risk, Tourism, Frankfurt, Weather, Next Generation, European Central Bank, Management information system, Growth, Weakness, Policy, Board of directors, Executive Board of the European Central Bank, News, Croatian National Bank, Goal, Movement, EU, ECB, Time, National bank, Cryptocurrency, Dairy, Security printing, Pharmaceutical industry, Bank, Renewable energy, Marketing
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