Publications on Payments & markets
- 25/11/2020
- Some way to go in the transition to the €STRFinancial Stability Review Issue 2, 2020
- 23/11/2020
- Public consultation by the working group on euro risk-free rates on EURIBOR fallback trigger events
- 23/11/2020
- Public consultation by the working group on euro risk-free rates on €STR-based Euribor fallbacks rates
- 06/11/2020
- Eleventh survey on correspondent banking in euro
- 02/10/2020
- Report on a digital euro
- 30/07/2020
- Liquidity distribution and settlement in TARGET2Economic Bulletin Issue 5, 2020
- 30/07/2020
- US dollar funding tensions and central bank swap lines during the COVID-19 crisisEconomic Bulletin Issue 5, 2020
- 24/07/2020
- Public consultation on the publication by the ECB of compounded term rates using the €STR
- 16/06/2020
- WG on euro RFR recommendation on Swaptions impacted by the discounting switch to EuroSTR
- 20/05/2020
- TARGET Annual Report 2019
- 13/03/2020
- CCBM information for counterparties - Summary of legal instruments used in the euro area
- 13/03/2020
- Correspondent central banking model (CCBM) - Procedures for Eurosystem counterparties
- 19/02/2020
- Report by the working group on euro risk-free rates on the transfer of EONIA’s cash and derivatives markets liquidity to the €STR
- 04/12/2019
- Note by the ECB for the Economic and Financial Affairs Council (Ecofin) on the retail payment landscape
- 12/11/2019
- Report by the working group on euro risk-free rates on €STR fallback arrangements
- 07/11/2019
- Goodbye EONIA, welcome €STR!Economic Bulletin Issue 7, 2019
- 06/11/2019
- Report by the working group on euro risk-free rates with high-level recommendations for fallback provisions in contracts for cash products and derivatives transactions referencing EURIBOR
- 05/11/2019
- Report by the working group on euro risk-free rates on the financial accounting implications of the transition from EONIA to the €STR and the introduction of €STR-based fallbacks for EURIBOR
- 17/10/2019
- Report by the working group on euro risk-free rates on the risk management implications of the transition from EONIA to the €STR and the introduction of €STR-based fallbacks for EURIBOR
- 19/08/2019
- Report by the working group on euro risk-free rates on the impact of the transition from EONIA to the €STR on cash and derivatives products
- 01/08/2019
- Response to the public consultation on draft ECB Decision under Article 21 of the revised SIPS Regulation
- 01/07/2019
- Implications of digitalisation in retail payments for the Eurosystem’s catalyst role
- 27/05/2019
- TARGET Annual Report 2018
- 17/04/2019
- Card payments in Europe – current landscape and future prospects: a Eurosystem perspective
- 28/02/2019
- SEPA Migration – impact assessment
- 21/01/2019
- Working Group on euro risk-free rates - Guiding principles for fallback provisions in new contracts for euro-denominated cash products
- 14/12/2018
- UNITAS Crisis communication exercise report
- 26/09/2018
- Fifth report on card fraud, September 2018
- 17/09/2018
- Eurosystem report on the gap assessment of card payment schemes against the “Oversight framework for card payment schemes – standards”
- 15/06/2018
- Revised Eurosystem assessment methodology for payment systems, June 2018
- 30/05/2018
- Disclosure Report - TARGET2 Summary of the self-assessment against the principles for financial market infrastructures
- 08/05/2018
- TARGET Annual Report 2017
- 02/05/2018
- TIBER-EU FRAMEWORK – How to implement the European framework for Threat Intelligence-based Ethical Red Teaming
- 27/03/2018
- Project Stella second report - leaflet
- 27/03/2018
- Securities settlement systems: delivery-versus-payment in a distributed ledger environment – Stella project report phase 2
- 26/03/2018
- Correspondent central banking model (CCBM) - Procedures for Eurosystem counterparties
- 26/03/2018
- CCBM information for counterparties - Summary of legal instruments used in the euro area
- 24/11/2017
- Eurosystem oversight report 2016
- 04/09/2017
- Eurosystem standards for the use of triparty agents (TPAs) in Eurosystem credit operations
- 22/05/2017
- TARGET Annual Report 2016
- 11/05/2017
- Harmonised statistics on payment services in the Single Euro Payments AreaEconomic Bulletin Issue 3, 2017
- 28/02/2017
- Tenth survey on correspondent banking in euro, 2016
- 02/01/2017
- CCBM procedures for Eurosystem counterparties
- 02/01/2017
- CCBM information for counterparties - Summary of legal instruments used in the euro area
- 29/07/2016
- TITUS – Crisis communication exercise for euro area financial market infrastructures report
- 15/07/2016
- Eurosystem oversight policy framework
- 30/06/2016
- Disclosure report - TARGET2 assessment against the principles for financial market infrastructures
- 12/05/2016
- TARGET Annual Report 2015
- 19/02/2016
- Revised oversight framework for retail payment systems
- 29/01/2016
- Covered bonds in the European Union – ECB contribution to the European Commission’s public consultation
- 25/01/2016
- CCBM procedures for Eurosystem counterparties
- 25/01/2016
- CCBM information for counterparties – summary of legal instruments used in the euro area
- 23/09/2015
- Standards for the use of central counterparties in Eurosystem foreign reserve management operations
- 23/09/2015
- Eurosystem oversight policy framework
- 04/09/2015
- ECB response to the European Commission's consultation on the review of the EMIR
- 25/08/2015
- Report of the ESCB on the need for any measure to facilitate the access of CCPs to central bank liquidity facilities
- 15/07/2015
- Fourth report on card fraud
- 01/06/2015
- TARGET Annual Report 2014
- 21/05/2015
- Building a Capital Markets Union – Eurosystem contribution to the European Commission’s Green Paper
- 27/03/2015
- Joint response from the Bank of England and the ECB to the consultation document of the European Commission: "An EU framework for simple, transparent and standardised securitisation"
- 02/03/2015
- Virtual currency schemes - a further analysis
- 27/02/2015
- Eurosystem oversight report 2014
- 25/02/2015
- Guide for the assessment of card payment schemes against the oversight standards
- 24/02/2015
- Ninth survey on correspondent banking in euro, 2014
- 01/01/2015
- CCBM information for counterparties – summary of legal instruments used in the euro area
- 01/01/2015
- CCBM procedures for Eurosystem counterparties
- 18/11/2014
- Guide for the assessment of direct debit schemes against the oversight standards
- 18/11/2014
- Guide for the assessment of credit transfer schemes against the oversight standards
- 20/10/2014
- Mandate of the European Forum on the Security of Retail Payments
- 13/10/2014
- The case for a better functioning securitisation market in the European Union: synthesis of responses
- 13/10/2014
- The case for a better functioning securitisation market in the European Union: A discussion paper - Responses
- 07/07/2014
- Euro repo market: improvements for collateral and liquidity management
- 07/07/2014
- Improvements to commercial bank money (COBM) settlement arrangements for collateral operations
- 07/07/2014
- Collateral eligibility and availability: Follow-up to the report on "Collateral eligibility requirements - a comparative study across specific frameworks"
- 30/05/2014
- The case for a better functioning securitisation market in the European Union: A discussion paper
- 26/05/2014
- Correspondent central banking model (CCBM) - Procedures for Eurosystem counterparties
- 22/05/2014
- TARGET Annual Report 2013
- 12/05/2014
- Final recommendations for the security of payment account access services following the public consultation
- 29/04/2014
- Card payments in Europe – a renewed focus on SEPA for cards
- 11/04/2014
- The impaired EU securitisation market: causes, roadblocks and how to deal with them
- 18/03/2014
- Public note on security of payment account access services
- 25/02/2014
- Third report on card fraud
- 04/02/2014
- Assessment guide for the security of internet payments
- 06/01/2014
- Framework for the assessment of securities settlement systems and links to determine their eligibility for use in Eurosystem credit operations
- 24/10/2013
- Second SEPA migration report, October 2013
- 27/09/2013
- Framework for the assessment of securities settlement systems and links to determine their eligibility for use in Eurosystem credit operations
- 16/07/2013
- Second report on card fraud
- 15/07/2013
- Collateral eligibility requirements - a comparative study across specific frameworks
- 24/05/2013
- TARGET Annual Report 2012
- 09/05/2013
- Target balances and monetary policy operationsEconomic Bulletin Issue 5, 2013
- 07/05/2013
- Correspondent central banking model (CCBM) - Procedures for Eurosystem counterparties
- 08/04/2013
- Eighth survey on correspondent banking in euro
- 21/03/2013
- SEPA migration report, March 2013
- 11/02/2013
- Eurosystem's response to IOSCO's consultation report on financial benchmarks
- 11/02/2013
- Eurosystem's response to the EBA and ESMA's public consultation on the principles for benchmark-setting processes in the EU
- 31/01/2013
- Recommendations for the security of internet payments. Final version after public consultation
- 31/01/2013
- Recommendations for the security of internet payments: outcome of the public consultation
- 31/01/2013
- Recommendations for "payment account access" services. Draft document for public consultation
- 17/12/2012
- Research Bulletin No. 17
- 29/11/2012
- Summary of the outcome of the public consultation on the oversight expectations for links between retail payment systems
- 29/11/2012
- Oversight expectations for links between retail payment systems
- 29/10/2012
- Virtual currency schemes
- 25/07/2012
- Report on card fraud
- 31/05/2012
- TARGET Annual Report 2011
- 20/04/2012
- Recommendations for the security of internet payments
- 19/04/2012
- Eurosystem oversight report 2011
- 23/03/2012
- Oversight expectations for links between retail payment systems
- 19/01/2012
- Towards an integrated European card payments marketEconomic Bulletin Issue 1, 2012
- 18/11/2011
- Standards for the use of central counterparties in Eurosystem foreign reserve management operations, November 2011
- 14/11/2011
- Oversight assessment of the euro system of the EBA CLEARING company (EURO1) against the CPSS core principles, November 2011
- 04/11/2011
- The future of retail payments: opportunities and challenges
- 05/07/2011
- Eurosystem oversight policy framework
- 19/05/2011
- TARGET Annual Report 2010
- 12/04/2011
- Settlement fails - report on securities settlement systems (SSS) measures to ensure timely settlement
- 20/01/2011
- Correspondent central banking model (CCBM) - Procedure for Eurosystem counterpartiesEnglishOTHER LANGUAGES (14) +
- 22/10/2010
- 7th SEPA progress report: Beyond theory into practice
- 13/10/2010
- Information brochure: A single currency - an integrated market infrastructure (T2, T2S, CCBM2, SEPA)
- 13/10/2010
- Summary of the outcome of the public consultation on the oversight frameworks for credit transfer and direct debit schemes
- 13/10/2010
- Oversight framework for direct debit schemes
- 13/10/2010
- Oversight framework for credit transfer schemes
- 08/09/2010
- Eurosystem assessment report on the implementation of the business continuity oversight expectations for systemically important payment systems
- 06/09/2010
- The payment system – payments, securities and derivatives, and the role of the Eurosystem in this field
- 09/07/2010
- European Commission’s public consultation on derivatives and market infrastructures - Eurosystem contribution
- 18/05/2010
- TARGET Annual Report 2009
- 23/04/2010
- Results of the public consultation on ABS loan-level information in the Eurosystem collateral framework
- 19/04/2010
- Report on the lessons learned from the financial crisis with regard to the functioning of European financial market infrastructures
- 27/01/2010
- Correspondent central banking model (CCBM) - procedure for Eurosystem counterparties
- 15/01/2010
- T2S - Settling without borders
- 30/12/2009
- Retail payments - integration and innovation (A joint conference by the ECB and de Nederlandsche bank 25 - 26 May 2009)
- 01/12/2009
- Glossary of terms related to payment clearing and settlement systems
- 12/11/2009
- Eurosystem oversight report 2009
- 06/11/2009
- Consultation of the Committee of European Securities Regulators on trade repositories in the European Union - ECB contribution
- 04/09/2009
- Consultation of the European Commission on "Possible initiatives to enhance the resilience of OTC derivatives markets", Eurosystem contribution
- 03/09/2009
- OTC derivatives and post-trading infrastructures
- 10/08/2009
- Oversight framework for direct debit schemes
- 10/08/2009
- Oversight framework for credit transfer schemes
- 02/07/2009
- The Single Euro Payments Area (SEPA): an integrated retail payments marketEnglishOTHER LANGUAGES (21) +
- 23/06/2009
- Recommendations for securities settlement systems and recommendations for central counterparties in the European Union - European Central Bank (ECB) and the Committee of European Securities Regulators (CESR)
- 15/05/2009
- TARGET2 Oversight Assessment Report
- 15/05/2009
- TARGET Annual Report 2008
- 27/03/2009
- SEPA expecations - form
- 27/03/2009
- Eurosystem's SEPA expectations
- 20/02/2009
- Eurosystem oversight policy framework
- 20/02/2009
- Harmonised oversight approach and oversight standards for payment instruments
- 30/12/2008
- Correspondent central banking model (CCBM) - procedure for Eurosystem counterparties [online only]
- 24/11/2008
- 6th SEPA progress report
- 20/11/2008
- The Eurosystem policy principles on the location and operation of infrastructures settling euro-denominated payment transactions: specification of “legally and operationally located in the euro areaâ€
- 13/11/2008
- Ten years of TARGET and the launch of TARGET2Economic Bulletin Issue 11, 2008
- 04/09/2008
- Information brochure: A single currency - an integrated market infrastructure (T2, T2S, CCBM2, SEPA)
- 17/07/2008
- CCBM2 User Requirements 4.1
- 11/07/2008
- Payment systems and market infrastructure oversight report
- 28/04/2008
- TARGET Annual Report 2007
- 31/01/2008
- ECB Payments and monetary and financial stability
- 11/01/2008
- Oversight framework for card payment schemes – standards
- 10/12/2007
- Correspondent central banking model (CCBM) - procedure for Eurosystem counterparties
- 29/10/2007
- Fifth progress report on TARGET2, Annex 3: TARGET2 compensation scheme - claim form
- 29/10/2007
- Fifth progress report on TARGET2, Annex 2: User information guide to TARGET2 pricing
- 29/10/2007
- Fifth progress report on TARGET2, Annex 1: Information guide for TARGET2 users (version 1.1, Jan 2009)
- 29/10/2007
- Fifth progress report on TARGET2
- 26/10/2007
- TARGET2-Securities progress report
- 14/08/2007
- Payment and securities settlement systems in the European Union, Blue Book, fourth edition, Volume 2: non-euro area countries
- 14/08/2007
- Payment and securities settlement systems in the European Union, Blue Book, fourth edition, Volume 1: euro area countries
- 24/07/2007
- The Eurosystem policy principles on the location and operation of infrastructures settling euro-denominated payment transactions
- 20/07/2007
- 5th SEPA progress report
- 10/07/2007
- The role of central counterparties
- 22/06/2007
- Fourth Progress Report on TARGET2
- 11/05/2007
- TARGET Annual Report 2006
- 08/03/2007
- TARGET2-Securities - Economic feasibility
- 08/03/2007
- TARGET2-Securities - Legal feasibility
- 08/03/2007
- TARGET2-Securities - Operational feasibility
- 08/03/2007
- TARGET2-Securities - Technical feasiblity
- 08/03/2007
- TARGET2-Securities - The blueprint
- 28/12/2006
- Correspondent central banking model (CCBM) - procedure for Eurosystem counterparties
- 22/12/2006
- Payment and securities settlement systems in the European Union and in the acceding countries - addendum incorporating 2005 data (Blue Book, December 2006)
- 21/12/2006
- Acceptance criteria for third-party rating tools within the Eurosystem credit assessment framework
- 20/11/2006
- Third progress report on TARGET2
- 20/11/2006
- The Eurosystem's view of a "SEPA for Cards"
- 13/11/2006
- The Single Euro Payments Area (SEPA): An integrated retail payments marketEnglishOTHER LANGUAGES (21) +
- 18/10/2006
- TARGET2 - from TARGET to TARGET2 innovation and transformation, brochure
- 16/10/2006
- SEPA, The Single Euro Payments Area - an introduction
- 21/09/2006
- TARGET2-Securities brochure
- 10/08/2006
- The evolution of large-value payment systems in the euro areaEconomic Bulletin Issue 8, 2006
- 24/07/2006
- Communication on TARGET2
- 09/06/2006
- Business continuity oversight expectations for systemically important payment systems (SIPS)
- 19/05/2006
- TARGET Annual Report 2005
- 11/05/2006
- The single list in the collateral framework of the EurosystemEconomic Bulletin Issue 5, 2006
- 06/03/2006
- Payment and securities settlement systems in the European Union and in the acceding countries - addendum incorporating 2004 data (Blue Book)
- 17/02/2006
- Towards a single euro payments area - fourth progress report
- 21/10/2005
- Second progress report on TARGET2
- 29/08/2005
- Result of oversight assessment of retail payment systems in euro
- 22/08/2005
- TARGET2 – Innovation and Transformation, brochure (update 2005)
- 22/08/2005
- TARGET - the current system, brochure (update 2005)
- 19/08/2005
- Central banks’ provision of retail payment services in euro to credit institutions - policy statementEnglishOTHER LANGUAGES (19) +
- 02/08/2005
- Payment and securities settlement systems in the European Union - Addendum incorporating 2003 figures (Blue Book, August 2005), (data for the period 1999-2003)
- 21/06/2005
- Assessment of SORBNET-EURO and BIREL against the Core Principles
- 21/06/2005
- Information guide for credit institutions using TARGET
- 25/05/2005
- TARGET Annual Report 2004
- 17/05/2005
- Correspondent central banking model (CCBM) - procedure for Eurosystem counterparties
- 14/04/2005
- The ESCB-CESR standards for securities clearing and settlement in the European UnionEconomic Bulletin Issue 4, 2005
- 28/02/2005
- Payment and securities settlement systems in the accession countries - Addendum incorporating 2003 figures
- 08/02/2005
- Progress Report on Target2 [online only]EnglishOTHER LANGUAGES (19) +
- 02/12/2004
- Towards a single euro payments area - third progress report
- 26/10/2004
- Issues paper for the ECB Conference on 10 November 2004 'E-payments without frontiers'
- 22/10/2004
- Standards for securities clearing and settlement in the European Union
- 29/09/2004
- TARGET2 - the future TARGET system, brochure (update 2004)
- 29/09/2004
- TARGET - the current system, brochure (update 2004)
- 21/05/2004
- Assessment of euro large-value payment systems against the Core Principles
- 12/05/2004
- TARGET Annual Report 2003
- 10/05/2004
- The use of Central bank money for settling securities transactions
- 22/04/2004
- TARGET compensation claim form
- 15/04/2004
- Payment and securities settlement systems in the accession countries - Addendum incorporating 2002 figures (Blue Book, April 2004)
- 15/04/2004
- Payment and securities settlement systems in the European Union - Addendum incorporating 2002 figures (Blue Book, April 2004)
- 13/04/2004
- Future developments in the TARGET systemEconomic Bulletin Issue 4, 2004
- 28/01/2004
- Assessment of accession countries' securities settlement systems against the standards for the use of EU securities settlement systems in Eurosystem credit operations
- 29/11/2003
- TARGET: the Trans-European Automated Real-Time Gross settlement Express Transfer system - update 2003, (brochure, 16 pages)
- 29/11/2003
- TARGET2: the payment system of the €urosystem, (brochure, 12 pages)
- 30/09/2003
- Correspondent central banking model - procedures for Eurosystem counterparties
- 06/09/2003
- Payment and securities settlement systems in the European Union Addendum incorporating 2001 figures (Blue Book, September 2003)
- 09/07/2003
- Information Guide for credit institutions using TARGET
- 26/06/2003
- Oversight standards for euro retail payment systems
- 26/06/2003
- Towards a Single Euro Payments Area - progress report
- 23/05/2003
- Electronic money system security objectives according to the common criteria methodology
- 15/05/2003
- Electronification of payments in EuropeEconomic Bulletin Issue 5, 2003
- 20/04/2003
- TARGET Annual Report 2002
- 15/04/2003
- Terms and conditions governing the use of the EPM
- 23/01/2003
- CLS - purpose, concept and implicationsEconomic Bulletin Issue 1, 2003
- 30/08/2002
- Payment and securities settlement systems in accession countries
- 20/07/2002
- Payment and securities settlement systems in the European Union, Addendum incorporating 2000 figures (Blue Book)
- 24/06/2002
- TARGET - Release November 2001: TARGET Minimum common performance features of RTGS systems within TARGET
- 22/06/2002
- TARGET - Release November 2001: TARGET interlinking data dictionary
- 21/06/2002
- TARGET - Release November 2001: TARGET interlinking specification
- 19/06/2002
- TARGET - Release November 2001: TARGET interlinking user requirement
- 20/04/2002
- TARGET Annual Report 2001
- 11/04/2002
- The role of the Eurosystem in payment and clearing systemsEconomic Bulletin Issue 4, 2002
- 30/11/2001
- Towards an integrated infrastructure for credit transfers in euro
- 27/09/2001
- The Eurosystem's policy line with regard to consolidation in central counterparty clearing
- 09/08/2001
- Consolidation in central counterparty clearing in the euro areaEconomic Bulletin Issue 8, 2001
- 30/06/2001
- Payment and securities settlement systems in the European Union (Blue Book, third edition, 2001)
- 30/05/2001
- TARGET Annual Report 2000
- 08/02/2001
- Towards a uniform service level for retail payments in the euro areaEconomic Bulletin Issue 2, 2001
- 20/09/2000
- EPM: the ECB Payment Mechanism
- 14/09/2000
- Improving cross-border retail payment services - Progress report
- 21/06/2000
- Role of the Eurosystem in the field of payment systems oversight
- 21/03/2000
- Interlinking - Data Dictionary v.2.02
- 29/02/2000
- Payment systems in the European Union: Addendum incorporating 1998 figures
- 10/02/2000
- Consolidation in the securities settlement industryEconomic Bulletin Issue 2, 2000
- 29/11/1999
- Cross-border payments in TARGET: A users' survey
- 11/11/1999
- TARGET and payments in euroEconomic Bulletin Issue 11, 1999
- 30/09/1999
- Improving cross-border retail payment services in the euro area - the Eurosystem's view
- 25/09/1999
- TARGET: facts, figures, future, (brochure, 8 pages)
- 30/08/1999
- Payment systems in countries that have applied for membership of the European Union (Blue Book)
- 20/01/1999
- Payment systems in the European Union: Addendum incorporating 1997 figures
- 30/11/1998
- Third progress report on the TARGET project
- 25/09/1998
- Assessment of EU securities settlement systems against the standards for their use in ESCB credit operations
- 16/09/1998
- The single monetary policy in Stage Three: General documentation on ESCB monetary policy instruments and procedures
- 15/08/1998
- Report on electronic money
- 16/07/1998
- TARGET: the Trans-European Automated Real-Time Gross settlement Express Transfer system, (brochure, 16 pages)
- 01/01/1998
- Payment systems in the European Union: Addendum incorporating 1996 figures, European Monetary Institute
- 01/01/1997
- Payment systems in the European Union: Addendum incorporating 1995 figures, European Monetary Institute
- 01/01/1995
- Developments in EU payment systems in 1994
- 01/05/1994
- Prepaid cards
- 01/05/1994
- Blue Book Addendum (figures for 1992)
- 01/09/1992
- Payment system in EC Member States (Blue Book)