FRANKFURT, Dec 9 (Reuters) – A windfall tax on bankers’ bonuses, as is now being discussed in the UK, would not be effective in encouraging less risky behaviour among banks in the long term, ECB Governing Council member Axel Weber said. (more…)
ECB’s Trichet: Europe needs to improve legal tools
Trichet: need better tools
PARIS, Dec 7 (Reuters) – Europe needs new tools to ensure authorities can intervene effectively in the case of the failure of a systemically important financial institution, European Central Bank President Jean-Claude Trichet said on Monday. (more…)
ECB’s Weber: policymakers must not miss time for exit
FRANKFURT, Nov 15 (Reuters) – Missing the right moment for the exit from extraordinary policy steps to combat the financial crisis carries the risk of creating new turbulence, European Central Bank Governing Council member Axel Weber said on Monday.
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ECB’s Tumpel-Gugerell says economy past worst
ROME, Nov 12 (Reuters) – The worst of the global recession is over with signs mounting of a slight pick-up in activity, European Central Bank Executive Board member Gertrude Tumpel-Gugerell said on Thursday.
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ECB’s Orphanides: cenbanks need bigger reg role
By Ros Krasny
CHICAGO, Sept 25 (Reuters) – Reforms that come out of the recent financial crisis should include enhancing the role of central banks in supervising financial firms, a top European Central Bank policy-maker said on Friday. (more…)
ECB’s Noyer-world economy recovering faster than seen
PARIS, Sept 9 (Reuters) – The world economy is improving at a much faster pace than forecast but government and central bank stimulus must stay in place, European Central Bank Governing Council member Christian Noyer said on Wednesday. (more…)
BIS-New bank rules help avoid booms, busts-Trichet
BASEL, Sept 7 (Reuters) – New global rules for bank oversight should help ease boom-and-bust cycles and prevent the build-up of asset bubbles, top central bankers said on Monday. (more…)
ECB’s Noyer says leverage ratio makes no sense
By Helen Popper
BUENOS AIRES, Sept 1 (Reuters) - The idea of a simple leverage ratio to help anticipate financial crises is unlikely to work, European Central Bank governing council member Christian Noyer said on Tuesday.
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ECB calls for more transparency on credit derivatives
FRANKFURT, Aug 28 (Reuters) – More disclosure and transparency in credit derivatives is needed to allow better risk management in a market that amounted to over $41 trillion in December 2008, the European Central Bank said on Friday.
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