Financial Systems Adopt ISO20022

✅SWIFT
✅Federal Reserve and The Clearing House (USA)
✅European Central Bank (Eurosystem)
✅SEPA (Single Euro Payments Area)
✅Bank of England (UK)
✅Reserve Bank of India
✅Payment Systems in Canada and Australia:
✅Japan’s Zengin System

#XVG

🇪🇺 ECB | European Central Bank's Feedback on Apple's Commitments Regarding NFC Technology Access Restrictions • The Eurosystem emphasizes the importance of competition and a level playing field in the European payments market. • The European Commission is conducting a market

Cansen: Merkez bankaları 'karşılıksız' para basar (para yaratır).
Lagarde: 'AMB zarar etse bile iflas edemez... Avro cinsinden merkez bankası parası ihraç eden tek kuruluş olan Eurosystem, gerektiğinde her zaman ek likidite üretebilir'.
reuters.com/article/idUSKB…

The Eurosystem published the final 2 reports from its cost-benefit assessment on aspects of the #IReF – one on analytical value & operational aspects and the other on FINREP alignment, bringing it one step closer to a draft IReF Regulation.

➡️ Read more: hubs.la/Q02sQSr30

🇪🇺 ECB | ECB Adopts Uniform Remuneration Rate for Non-Monetary Policy Deposits • The European Central Bank (ECB) has decided to adopt a single legal act establishing a uniform remuneration rate for non-monetary policy deposits held with the Eurosystem, set at EURSTR minus 20

1/2 #EB VP Luis de Guindos answering to a question Henrike Hahn 🇪🇺 on a green dual interest rate system favouri,ng green lending, that he expects that a 'collateral pool limit' scheme, favourig 'clean' that banks collateral to Eurosystem is 'clean', would be implemented before

Gunther Schnabl Der Euro ist faktisch die Währung des europäischen Binnenmarktes.
Ob man es will oder nicht, man ist quasi im Eurosystem.
Eigene Währung heißt nicht Unabhängigkeit, sondern die Zentralbank kauft und verkauft Euro, um den Kurs zum Euro zu halten.

1/5 Und last but not least des aktuellen Monatsberichts: Update zur Entwicklung der Gläubigerstruktur der Staatsschulden. #Bundesbank #Monatsbericht . Das Eurosystem ist mit über einem Viertel weiterhin der größte Gläubiger der Mitgliedstaaten. publikationen.bundesbank.de/publikationen-…

#SUERFpolicybrief “Collateral scarcity and market functioning: Insights from the Eurosystem securities lending facilities” by Stefan Greppmair & Stephan Jank, Deutsche Bundesbank tinyurl.com/yuedzytj

#SafeAssets #CollateralScarcity #MonetaryPolicy #QuantitativeEasing #Repo

🇪🇺 ECB | European Central Bank's Feedback on Apple's Commitments for NFC Access Restrictions • Eurosystem welcomes European Commission's market test of Apple's commitments on NFC access. • Apple's proposed commitments fall short in ensuring a truly equal level playing field

facility, indicating that it was largely substituting the interbank market.

Reliance on Eurosystem refinancing is highly asymmetric across countries. Banks in southern Europe accounted for 70% of medium- and long-term refinancing operations against 20% before the crisis.

The

Daniel | Utility Crypto 💎 Dustin⚡️ Das nennt man Mindestreserve-System und ist Standard im Eurosystem.

apolut.net ecb.europa.eu/press/pr/date/…

Project Agorá (Greek for 'marketplace') brings together seven central banks:

Bank of France (representing the Eurosystem)
Bank of Japan
Bank of Korea
Bank of Mexico
Swiss National Bank
Bank of England
and the Federal Reserve Bank of New York.

Nonkonformist☮️🇩🇪✌️🚜 Michael de Horn stryker 👌Gespöttbeauftragter Es funktioniert seit 25 ziemlich gut und der Weg der Novation gibt dem Eurosystem die notwendige Flexibilität, um auch Krisen problemlos zu meistern 🤷‍♂️

Jürgen Würges Katharina Beck Es ist eine Währungsunion 🙄 Bis und solange der € existiert, ist die interne Verrechnung im Eurosystem belanglos.
Und du verdrängst, dass die Bundesbank auch Intra-Eurosystem-Verbindlichkeiten ggü der EZB hat, nicht nur Forderungen.

operations (LTROs) in December 2011, the Eurosystem has entered new territory (see Wyplosz 2012). Its balance sheet (stripped out of foreign-exchange reserves and assets that have no relevance for monetary policy such as legacy assets of the national central banks) has jumped

Eurosystem is therefore stepping into a dysfunctional interbank market rather than propping up total bank credit;

Bank loans where growing in northern Europe, but contracting in southern Europe whereas the opposite applies for bank holdings of government securities;

The impact

Ignoring post-quantum cryptography is no longer an option!

Project Leap was launched by the BIS Innovation Hub's Eurosystem Centre, the Bank of France, and Deutsche Bundesbank to prepare central banks for quantum-resistant encryption.

bis.org/about/bisih/to…

However, this must be done in close coordination with other policymakers and stakeholders.

As shown by Sebastian Diessner, a strict separation between monetary and fiscal policy can no longer be credible, especially since the Eurosystem holds a significant share of 🇪🇺public debt.