Tag: ECB

Mario Draghi ECB
September 05, 2017 BY LeapRate Staff

Will the strong euro influence the ECB verdict on Thursday?

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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June 22, 2017 BY admin

ECB developing retail service for instant settlement of euro payments

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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April 04, 2017 BY Valentina Kirilova

Cash still dominates POS payments in Europe

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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February 06, 2017 BY Valentina Kirilova

Deutsche Börse post trade services provider Clearstream migrates to ECB’s T2S platform

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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September 13, 2016 BY Valentina Kirilova

Clearstream announces August report, prepares for its migration in February 2017

Clearstream 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…

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November 26, 2015 BY Maria Nikolova

ECB, People’s Bank of China test bilateral currency swap arrangement

The 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…

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July 14, 2015 BY Andrew Saks-McLeod

Op Ed: Should I pay or should I go?

According 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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