Euro money market statistics: fourth maintenance period 2019

Daily average borrowing turnover in the unsecured segment decreased from €126 billion in the third maintenance period of 2019 to €119 billion in the fourth maintenance period Weighted average overnight rate on borrowing transactions in the unsecured segment remained unchanged at -0.42% for the wholesale sector and -0.45% for the interbank sector Daily average borrowing turnover in […]

Private sector working group issues recommendations on the transition from EONIA to €STR for cash and derivatives products

Transition from EONIA to €STR has impact on broad variety of financial products and processes Market participants urged to actively prepare for change in publication time of EONIA effective as of 2 October 2019 CCPs encouraged to switch their discounting regime from EONIA to €STR towards end of second quarter of 2020 The private sector […]

Euro area financial vehicle corporation statistics: second quarter of 2019

In the second quarter of 2019 the outstanding amount of debt securities issued by euro area financial vehicle corporations (FVCs) engaged in securitisation increased to €1,486 billion, from €1,455 billion at the end of the previous quarter. Net issuance of debt securities by FVCs during the second quarter of 2019 amounted to €33 billion. Euro area FVCs’ holdings […]

Euro area investment fund statistics: second quarter of 2019

In the second quarter of 2019 the outstanding amount of shares/units issued by investment funds other than money market funds stood at €12,067 billion, which was €266 billion higher than in the first quarter of 2019. The outstanding amount of shares/units issued by exchange-traded funds (ETFs) stood at €734 billion, which was €21 billion higher than in the first […]

ECB has assessed that AS PNB Banka in Latvia was failing or likely to fail

Assessment followed identification of significant capital shortfalls Single Resolution Board (SRB) found resolution action not in public interest The European Central Bank (ECB) has assessed that AS PNB Banka in Latvia was failing or likely to fail in accordance with the Single Resolution Mechanism Regulation. The need for additional impairments of its assets led to […]

ECB shuts down compromised BIRD

ECB’s BIRD website hacked by unauthorised parties Email addresses and other contact data may have been captured No internal systems or market-sensitive data compromised BIRD website shut down until further notice The European Central Bank (ECB) said on Thursday that unauthorised parties had breached the security measures protecting its Banks’ Integrated Reporting Dictionary (BIRD) website, […]