Euro money market statistics: seventh maintenance period 2019

Daily average borrowing turnover in the unsecured segment slightly decreased from €120 billion in the sixth maintenance period of 2019 to €119 billion in the seventh maintenance period Weighted average overnight rate on borrowing transactions in the unsecured segment increased from -0.51% to -0.50% for the wholesale sector, and increased from -0.54% to -0.52% for the interbank […]

Euro area quarterly balance of payments and international investment position: third quarter of 2019

The current account of the euro area showed a surplus of €338 billion (2.9% of euro area GDP) in the four quarters to the third quarter of 2019, compared with a surplus of €377 billion (3.3% of euro area GDP) a year earlier (see Table 1). The decrease in the current account surplus reflected a lower surplus for services (down from €120 billion to […]

ESRB publishes report on mitigating the procyclicality of margins and haircuts in derivatives markets and securities financing transactions

The European Systemic Risk Board (ESRB) has today published a report on mitigating the procyclicality of margins and haircuts in derivatives markets and securities financing transactions. The report expands on the work of a previous ESRB report published in 2017 by providing new analysis and setting out possible policy options to address systemic risks arising from the procyclicality associated with […]

Spain: Climate action – EIB provides financing to Grupo Ruiz to renew its fleet with more modern and less polluting buses

The European Investment Bank (EIB) is set to finance the modernisation of Grupo Ruiz’s bus fleet by facilitating EUR 27.5 million for the  introduction of 173 safer, less polluting and more modern vehicles.