Browse Tag

ECB

EBRD and Baltic states to develop regional market for commercial papers

2 mins read

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) and the central banks of Estonia (Eesti Pank), Latvia (Latvijas Banka) and Lithuania (Lietuvos Bankas) are joining forces to develop a regional market for commercial papers. Commercial papers (CPs) are short-term unsecured promissory notes issued by companies with a fixed-term maturity and used to address short-term liquidity or working capital needs. Demands for such alternative sources of finance are rapidly increasing in the current coronavirus pandemic. In a Memorandum of Understanding, signed today, the four parties resolve to cooperate in developing a deeper and more efficient regional CP market in…

Read More »

EBRD and Baltic states to develop regional market for commercial papers

2 mins read

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) and the central banks of Estonia (Eesti Pank), Latvia (Latvijas Banka) and Lithuania (Lietuvos Bankas) are joining forces to develop a regional market for commercial papers. Commercial papers (CPs) are short-term unsecured promissory notes issued by companies with a fixed-term maturity and used to…

The two sides of the (stable)coin

8 mins read

The FINANCIAL -- Speech by Fabio Panetta, Member of the Executive Board of the ECB, at Il Salone dei Pagamenti 2020:…

Coordinated central bank action to further enhance the provision of US dollar liquidity

1 min read

ECB and other major central banks to offer 7-day US dollar operations on a daily basis Operations with 84-day maturity continue to be offered weekly…