Cipollone lists monetary transmission as a payments objective
The ECB deck names digitalisation, DLT and dependency reduction as drivers, then puts policy effectiveness among four aims for the payments landscape.
Policy
The ECB backs an optional 28th company law regime and cites Delaware
An Economic Bulletin article argues the fragmentation of company law across the EU limits cross-border capital formation, and supports the Commission's March 2026 EU Inc. proposal.
ECB puts a number on how alike German and Chinese exports have become
An Economic Bulletin box measures the overlap between Chinese and EU export baskets from 2019 to 2025 and finds the sharpest convergence in the bloc's manufacturing-heavy economies.
ECB paper links fragmented capital buffers to weaker corporate lending
Working Paper 3287 builds a bank-level fragmentation index and finds a one standard deviation rise is associated with 36bp more capital headroom and 50bp slower lending growth.
Swedish firms rate conditions above average for the first time since 2022
The Riksbank's August business survey finds the feared drag from the Middle East war did not arrive, with retail and hospitality the most optimistic.