Diversity is a matter of sound governance for banks and leads to better decision-making. That is why Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, and Elizabeth McCaul, Member of the Supervisory Board of the ECB, are encouraging banks to improve the diversity of their boards. Banking is still a man’s world. Out of the 361 CEO appointments made between 2020 and 2022 at the significant institutions (SIs) directly...

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The EU Council today adopted an assistance measure worth €1 billion under the European Peace Facility (EPF) that will further contribute to strengthening the capabilities and resilience of Ukraine to defend its independence, sovereignty and territorial integrity, and protect the civilian population against the ongoing Russian military aggression. The assistance measure will finance the provision to the Ukrainian Armed Forces of 155-mm-calibre artillery rounds and, if requested, missiles which will be jointly procured by EU member states from the European...

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Speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, State of the Union conference organised by the European University Institute | Florence, 5 May 2023 | Many thanks for inviting me to address this conference along with so many esteemed speakers. As the cradle of the Renaissance, Florence has a long history of attracting people from different disciplines across Europe. The most gifted individuals in the fields of...

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The EDPS has issued five Opinions on the European Commission’s Recommendations to open negotiations for International Agreements on the exchange of personal data between Europol, the EU Agency for Law Enforcement, and the competent authorities of five Latin American countries: Ecuador, Brazil, Peru, Bolivia, and Mexico to fight serious crime and terrorism. The EDPS Opinions aim to provide advice on further developing data protection safeguards in these future International Agreements so that individuals’ personal data is protected according to EU...

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4 May 2023 | The inflation outlook continues to be too high for too long. In light of the ongoing high inflation pressures, the Governing Council today decided to raise the three key ECB interest rates by 25 basis points. Overall, the incoming information broadly supports the assessment of the medium-term inflation outlook that the Governing Council formed at its previous meeting. Headline inflation has declined over recent months, but underlying price pressures remain strong. At the same time, the...

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