The following article was written by Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). The European Central Bank (ECB) will meet on Thursday and is expected to maintain the interest rates unchanged at the historical low levels. The announcement of the plans regarding the Quantitative Easing (QE) program…
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The new service, TARGET instant payment settlement (TIPS), will enable citizens and firms to transfer money between each other in real time and will be available around the clock, 365 days a year. The Governing Council of the European Central Bank (ECB) has decided to develop a new service for the settlement of instant payments.…
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The European Central Bank’s (ECB) decision to stick to its bond buying program despite strong EU-wide economic growth has damped hopes in the market that interest rates will rise any time soon. This loose monetary policy can be felt in the real economy and has effects that reach into the post-trade business as well. Quantitative…
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Supporters of digital payment schemes like to push the idea that a cash-free future is just around the corner, but fully three quarters of all Euro zone payments at the point-of-sale are still made in cash, according to the European Central Bank. The data comes from a survey conducted by the ECB to mark the…
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Clearstream (Clearstream Banking Frankfurt and LuxCSD) just announced that it has successfully migrated to the ECB’s TARGET2-Securities (T2S) platform. The first business day is already in process and runs smoothly. As it is the largest T2S participant, the migration of Clearstream has added an unprecedented volume of about 40% to the overall volume on the…
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The European Central Bank and Bank of Japan are embarking on a research project looking into the use of distributed ledger technologies for market infrastructure. In a speech this week, ECB executive board member Yves Mersch stressed that the bank cannot "at this stage" consider basing its market infrastructure on DLT because the technology is…
Read moreClearstream has just announced its August report. The highlights last month are: - Successful TARGET2-Securities wave three migration - Clearstream prepares for its migration in February 2017 After the successful third migration wave, TARGET2 Securities (T2S) is now gaining momentum, and Europe is one step closer to a harmonised settlement. With its own migration drawing…
Read moreThe European Central Bank (ECB) and the People’s Bank of China (PBOC) today announced the successful testing of their bilateral currency swap arrangement. The arrangement was established in October 2013, with a maximum size of RMB 350 billion and EUR 45 billion. As part of the ECB’s plan to regularly test its operational capabilities, the…
Read morePlatform contract includes coverage of U.S dollar- and yen-denominated interest rate swaps.
Read moreAccording to my calculations, should Europe be successful in making Britain pay £1 billion in emergency funding to Greece from taxpayers' money, that would equate to £1,445 for each person employed in London's financial sector, which is the economic powerhouse of the entire continent. Should Britain bow to European pressure and pour hard-earned money down the black hole?
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