Fabio Panetta News

Italy’s central bank, led by Governor Fabio Panetta, has announced plans to publish guidelines on how to apply the upcoming European Union (EU) crypto regulations.

European Central Bank (ECB) President Christine Lagarde has hinted that a digital euro could be available to Europeans before her term ends in 2027. Still, she acknowledged achieving this would require a faster-than-anticipated rollout.

data which culminates in a key U.S. inflation report that could set the stage for a cut in interest rates there, albeit not for a few months yet. Holidays in the United States and UK made for thin trading ahead of Friday's figures on core personal consumption expenditures (PCE), the Federal Reserve's preferred measure of inflation. Median forecasts are for a rise of 0.3% in April, keeping the annual pace at 2.8%, with risks on the downside.

Bank does not need to dampen the euro zone's economy even more to get inflation under control because demand is still weak, ECB board member Piero Cipollone said on Monday. While cautious, Cipollone's first remarks on monetary policy since joining the ECB late last year likely placed him in the dovish tradition of his predecessor and fellow Italian, Fabio Panetta.

Decentralized autonomous organizations (DAOs) need a comprehensive regulatory framework if they are to make a place in the future of the financial sector, suggests the European Central Bank (ECB) occasional paper (OP).

FRANKFURT (Reuters) — Euro zone inflation is falling but the fight is not yet won and the high rate of underlying price growth remains worrisome, Bundesbank President Joachim Nagel said on Thursday.

The European Union's financial services chief, Mairead McGuinness, believes there’s no reason to rush with the digital euro until after the next European elections in June 2024. In her opinion, the EU’s central bank digital currency (CBDC) project should be approached “quietly and slowly” by the next EU Commission, which will be appointed by the then-incoming parliament. 

In a speech to the European Parliament's Committee on Economic and Monetary Affairs on September 4th, European Central Bank (ECB) executive board member Fabio Panetta presented a compelling case for Europe's pursuit of the digital euro.

The European Central Bank (ECB) is quite happy with the European Commission's (EC) legislative proposals for the digital euro. ECB executive board member Fabio Panetta told the European Parliament’s Committee on Economic and Monetary Affairs in a speech on Sept. 4 that the proposals “put Europe at the forefront of advanced economies” in CBDC development, potentially heading off private dominance of the financial sector and the ills that implies.

In introductory remarks to the Committee on Economic and Monetary Affairs of the European Parliament in Brussels, ECB executive Fabio Panetta, emphasises that in the absence of a digital euro, the emergence of potentially dominant private actors in the digital payments market could have a strong impact on the financial sector. While Facebook's bid to launch its own currency was dashed by regulatory hurdles, Panetta points to PayPal's recent launch of its own private stablecoin as a new emergent threat: "Private providers of payment services, including PayPal, have no incentive to limit the take-up of their stablecoins or the range of services they provide. Quite the opposite: their objective is to expand their customer base and gain market share. "They may have no incentive to make their payment solutions compatible with those used today.

Gold prices looked set to post their worst week in six on Friday as investors braced for a closely watched U.S. jobs report after a string of solid economic data this week drove Treasury yields to nine-month highs. FUNDAMENTALS * Spot gold was up 0.1% at $1,936.15 per ounce by 0138 GMT, while U.S.

Investing.com — European stock markets retreated Monday after the release of underwhelming Chinese growth data, while the second-quarter earnings season gets underway in earnest.

It would work like a digital wallet, with people and businesses able to pay with it anytime and anywhere in the euro area.The euro would be available for payments both online and offline. While online transactions would offer the same level of data privacy as existing digital means of payments, offline payments would essentially be like paying with cash - with nobody able to see what people are paying for.The digital euro would be distributed by banks and other payment service providers, with basic services provided to people free of charge.

Cryptocurrencies hold “no societal benefits,” and should instead be seen as a form of gambling, according to European Central Bank (ECB) board member Fabio Panetta.

Fabio Panetta, an executive board member of the European Central Bank (ECB), has suggested a dark future for cryptocurrencies, in which the digital assets may be used for little more than gambling among investors.

The ECB laid out its current thinking on the digital euro in a progress report in April. Along with the report the ECB also published focus group findings which found most participants were interested in trying some of the digital wallet features presented.

A new central bank digital currency (CBDC) in Europe would be designed with privacy in mind, although it would never be as private as cash is, according to a European Central Bank (ECB) official.

The digital euro, should it come into existence, will preserve the role of the central bank by extending payment options beyond those offered by cash, European Central Bank (ECB) executive board member Fabio Panetta told a European Parliament committee Jan. 23.

European Central Bank (ECB) executive board member Fabio Panetta has been a vocal supporter of central bank digital currency (CBDC) and cryptocurrency sceptic, and he presented his latest argument for CBDC on Jan. 5. Writing on the official ECB blog, he said that, by developing CBDCs, central banks “will safeguard the trust on which private forms of money ultimately depend.”

Fabio Panetta, an executive board member of the European Central Bank (ECB), proposed banning crypto assets with a significant environmental impact as part of efforts to address risks.

Crypto assets are here to stay so their regulation is urgently needed to protect investors and the stability of the global financial landscape, European Central Bank board member Fabio Panetta said on Wednesday.