All European Central Bank articles
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Features
Can central banks retain their independence?
Over the last few decades, following central bank behaviour has been a rewarding investment strategy. That is why there is now a community of people employed to analyse every word central bank officials utter.
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Opinion Pieces
Investors should focus on debt sustainability
The good news for institutional investors as 2024 approaches is that central banks seem to have accomplished something remarkable. Inflation is falling in the US and Europe after rising to levels not seen for decades, thanks to what have been among the fastest and sharpest rate hikes. Economic growth has held up, at least in the US. Many economists expect a soft landing there, and a mild recession in Europe.
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News
BVI favours active account requirements to strengthen EU clearing services
German fund industry association distances itself from EFAMA’s position
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News
ESAs call for development of securitised assets’ disclosure standards
Lack of climate-related data on assets underlying structured finance products poses obstacle for classification of products and services under taxonomy and SFDR
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News
APG calls for ECB as lender of last resort on repo market
The market turmoil in the UK proves the need for an emergency liquidity provider, according to the Dutch pension asset manager
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News
Inarcassa shifts to corporate bonds with higher ESG rating
This summer the scheme recorded returns of -7% amid increased volatility in financial markets
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News
ECB prioritises tackling inflation with historic rate hike
Bank likely to raise interest rates by a further 50 and 25 basis points in the next two meetings before year-end
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News
German Pensionskassen benefit from rising interest rates tailwind
‘The increase in interest rates alone does not usually lead to a write-down on the book values,’ says WTW
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Opinion Pieces
Viewpoint: Swap spreads at stress levels
Asset swap (ASW) spreads are currently trading at historically high levels as volatility in rates markets has remained high. We believe there is an opportunity for continental European pension funds to enter into Euribor receiver swaps and sell Bunds in their matching portfolio. Indeed, we expect that the peak in ...
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News
Investors battle with volatility, inflation while repositioning assets following sanctions
While inflationary pressures mount as the ECB plans to scale back quantitative easing, geopolitical risks remain very difficult to assess
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News
People moves: Swedish premium pension inquiry adds Secoria duo
Secoria, Mercer, AllianzGI, LV, Elo, PFA Pension, BNP Paribas Asset Management, AP1, ECB, Invesco, Principal Global Investors, PineBridge Investments
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News
DACH pension funds prepare for potential inflation hike
SBB expects inflation to rise over the next one to two years but to a limited extent, while interest rates will level off at a slightly higher level than today
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News
ECB sets up climate change centre, to invest in new BIS green bond fund
ECB also reveals it is exploring a low carbon benchmark move for fixed income investments in the staff pension fund
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News
Federal Reserve joins peers working on greening the financial system
NGFS also publishes analysis on central banks’ adoption of responsible investment practices and on monetary policy operations and climate change
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News
ECB makes ‘exceptional exception’ for sustainability-linked bonds
ECB to accept SLBs as collateral and as eligible for buying under its asset purchase programmes
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News
Philips scheme to reinvest most of its 7.5% cash holdings
Cash was the scheme’s only asset class generating a negative return last year
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News
ECB presents climate-related risks expectations for consultation
Climate-related and environmental risks ‘can have a substantial impact on the real economy and banks’
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News
Bfinance: real asset debt outweighs corporate private debt in 2019
Plus: JPMorgan AM calls on investors to consider alternatives as biggest diversifiers; K2: Sector rotation key for hedge fund strategies
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News
PGGM calls for pension funds to be given liquidity access via ECB loans
ECB said to have agreed to discussions about the matter
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News
Fresh QE likely to boost corporate bonds, say managers
Mario Draghi’s final appearance as ECB president bought a 10-basis-point rate cut and open-ended quantitative easing