Sven Giegold


EBA extends payout restrictions to all EU banks and also targets variable remuneration

The Paris-based European Banking Authority (EBA) today, Tuesday evening, urged all European banks to temporarily suspend dividend payments and share buybacks. The EBA is thus following the European Central Bank (ECB), which on Friday evening had already recommended to major credit institutions it directly supervises to retain profits and reserves until at least 1 October […]


ECB banking supervision orders Europe-wide dividend freeze: Banks should arm themselves with reserves against corona crisis

The European Banking Supervision (SSM) has temporarily banned the distribution of dividends and share buybacks by the 120 largest banks in the euro zone in an emergency meeting today. The Supervisory Board has decided that the banks directly supervised by the ECB will have to postpone decisions on the distribution of profits until October at […]


Hearing in the European Parliament: Lagarde could make the ECB greener

The public hearing of Christine Lagarde, the candidate for the European Central Bank (ECB) presidency, took place today in the European Parliament’s Committee on Economic and Monetary Affairs (ECON). Christine Lagarde was proposed by the European Council in July to succeed Mario Draghi as President of the ECB. Questioned by the Greens, Lagarde supported a […]


Succession of the ECB Vice-President: ECB must arrive in 2018 and appoint a woman

On March 22, the European Council will appoint the next Vice-President of the European Central Bank (ECB). The term of office of the present Vice-President, Vítor Constâncio, ends on May 31. Today it became known that the Spanish Finance Minister Luis de Guindos is officially nominated for this position by his government. So far, the […]


Great success for more transparency: ECB discloses who profits from its monetary policy

More than a year ago, on 8 June 2016, the European Central Bank (ECB) started its corporate sector purchase programme (CSPP) with the aim of strengthening the pass-through of the Eurosystem’s asset purchases to financing conditions of the real economy. In response to a question written jointly by a cross-party initiative of 41 members of […]