https://neuralherald.com/Regulators and markets · read and summarised every morningen-gbFri, 13 Nov 2026 11:40:04 +0100https://neuralherald.com/og.pnghttps://neuralherald.com/https://neuralherald.com/en/n/2026-11-13-isabel-schnabel-made-in-europe-bdd622.htmlhttps://www.ecb.europa.eu/press/key/date/2026/html/ecb.sp261113~3883f1f187.en.htmlFri, 13 Nov 2026 08:00:00 -0000ECBSpeechesSpeech by Isabel Schnabel, Member of the ECB Executive Board, at the Bank of Lithuania economics conference (Vilnius). She argues that the narrative of a Europe in decline is misleading: the GDP per capita gap with the US is largely explained by fewer hours worked and greater equality, although productivity growth remains weak. Her central proposal is a "28th regime" (EU Inc.), a single, digital and voluntary European corporate framework, adopted by regulation, so that firms can gain scale in the Single Market. It contains no monetary policy messages.ECBhttps://neuralherald.com/en/n/2026-11-12-economic-bulletin-issue-7-2026-f50dbd.htmlhttps://www.ecb.europa.eu/press/economic-bulletin/html/eb202607.en.htmlThu, 12 Nov 2026 08:00:00 -0000ECBArticlesThe ECB's Economic Bulletin 7/2026, covering the analysis behind the meeting of 29 October, at which the Governing Council kept the three key ECB interest rates unchanged. Energy prices continue to rise, posing upside risks to inflation and downside risks to growth, while underlying inflation remains stable and wages show no material response for now. Financing conditions have tightened since the meeting of 10 September. It includes eight boxes and two articles (industrial policy in the EU and the ECB's climate work).ECBhttps://neuralherald.com/en/n/2026-11-12-artificial-intelligence-and-european-firms-the-cost-of-market-based-fi-f4c4af.htmlhttps://www.ecb.europa.eu/press/economic-bulletin/focus/2026/html/ecb.ebbox202607_06~a36e367caf.en.htmlThu, 12 Nov 2026 08:00:00 -0000ECBArticlesBox from Economic Bulletin 7/2026 that measures the exposure of STOXX Europe 600 firms to artificial intelligence using their earnings calls and analyses its effect on the cost of market-based financing. AI-exposed firms earn an equity return premium and pay somewhat lower spreads on their bonds, but this relationship depends on expectations about the technology.ECBhttps://neuralherald.com/en/n/2026-11-12-narratives-and-risks-a-quantitative-toolkit-to-evaluate-scenarios-appl-5e94e3.htmlhttps://www.ecb.europa.eu/press/economic-bulletin/focus/2026/html/ecb.ebbox202607_01~63d20abac5.en.htmlThu, 12 Nov 2026 08:00:00 -0000ECBArticlesBox from Economic Bulletin 7/2026 presenting a quantitative toolkit to assess the empirical plausibility of alternative scenarios around staff projections, by comparing the joint paths of GDP and inflation with historical patterns. Applied to the Middle East conflict scenarios in the September 2026 projections, the severe scenario is considerably less plausible than the milder or adverse ones.ECBhttps://neuralherald.com/en/n/2026-11-12-reading-the-room-what-reddit-tells-us-about-retail-investor-sentiment-968ef8.htmlhttps://www.ecb.europa.eu/press/blog/date/2026/html/ecb.blog20261112~a4c8b903d9.en.htmlThu, 12 Nov 2026 08:00:00 -0000ECBArticlesECB blog post by Fabian Wagner and Julian Metzler presenting the R-RISI, an AI-built indicator of retail investor sentiment based on Reddit discussions (r/wallstreetbets, r/stocks, r/investing, r/Bitcoin, r/Economics, among others). A language model classifies each post by tone, topic and asset, and the resulting index is timelier and higher-frequency than survey-based indicators. Its changes are associated with next-day stock market returns, especially during market downturns.ECBhttps://neuralherald.com/en/n/2026-11-12-the-macroeconomic-effects-of-defence-spending-what-impact-beyond-gdp-851e1a.htmlhttps://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp3310~6ef5699d9a.en.pdfThu, 12 Nov 2026 08:00:00 -0000ECBReportsECB working paper (No 3310, Checherita-Westphal and Særkjær) estimating the macroeconomic effects of defence spending in the 27 Member States from 1999 to 2025 using panel local projections, looking beyond GDP: prices, consumption, net exports and private investment. It corrects the accounting lag between order and delivery of military equipment using SIPRI data, which shifts the peak GDP effect to the third or fourth year and makes the inflation effect larger and earlier.ECBhttps://neuralherald.com/en/n/2026-11-12-resilienz-und-wettbewerbsfahigkeit-fur-einen-eu-binnenmarkt-in-vielfal-25454a.htmlhttps://www.eba.europa.eu/publications-and-media/speeches/resilienz-und-wettbewerbsfahigkeit-fur-einen-eu-binnenmarkt-vielfalt-resilience-and-competitivenessThu, 12 Nov 2026 08:00:00 -0000EBASpeechesSpeech by EBA Chair François-Louis Michaud at the Finanzmarktklausur in Berlin (12 November 2026), in German. He argues that resilience and competitiveness are not at odds and reviews the EBA's simplification agenda: simpler capital, a more focused SREP, less reporting and more proportionality for small banks, ahead of the 'financial omnibus' the Commission plans to present in the first quarter of 2027.EBAhttps://neuralherald.com/en/n/2026-11-12-eiopa-responds-to-the-european-commission-s-proposed-changes-to-the-it-d95918.htmlhttps://www.eiopa.europa.eu/eiopa-responds-european-commissions-proposed-changes-its-reporting-and-disclosure-2026-11-12_enThu, 12 Nov 2026 08:00:00 -0000EIOPAPress releasesEIOPA has sent the European Commission an Opinion on the technical changes the Commission proposes to the two draft Solvency II ITS on supervisory reporting and public disclosure, submitted by EIOPA on 30 March 2026. The Commission wants to take the reporting and disclosure instructions out of the ITS and have EIOPA publish them on its website; EIOPA agrees because it makes the framework more agile.EIOPAhttps://neuralherald.com/en/n/2026-11-11-the-role-of-refining-costs-and-margins-in-hicp-energy-inflation-1c46b7.htmlhttps://www.ecb.europa.eu/press/economic-bulletin/focus/2026/html/ecb.ebbox202607_05~d82730508f.en.htmlWed, 11 Nov 2026 08:00:00 -0000ECBArticlesBox from Economic Bulletin 7/2026 on the role of refining costs and margins in HICP energy inflation. Constrained supply of crude oil and refined products has pushed up margins, especially for diesel.ECBhttps://neuralherald.com/en/n/2026-11-11-feeling-the-heat-preparing-for-the-certainty-of-an-uncertain-future-6eaafc.htmlhttps://www.bankingsupervision.europa.eu/press/supervisory-newsletters/newsletter/2026/html/ssm.nl261111_3.en.htmlWed, 11 Nov 2026 08:00:00 -0000ECBNewslettersSupervision Newsletter article on physical climate and nature-related risks. More than 90% of banks consider them material, but serious weaknesses persist at some banks. The ECB announces deep dives from 2027 and dialogues on banks' response to extreme events.ECBhttps://neuralherald.com/en/n/2026-11-11-a-leaner-methodology-for-banks-liquidity-and-funding-risks-507dc8.htmlhttps://www.bankingsupervision.europa.eu/press/supervisory-newsletters/newsletter/2026/html/ssm.nl261111_2.en.htmlWed, 11 Nov 2026 08:00:00 -0000ECBNewslettersSupervision Newsletter: from 2027 a revised SREP methodology will apply to liquidity and funding risks, simpler and based on three assessments.ECBhttps://neuralherald.com/en/n/2026-11-11-risk-appetite-where-strategy-risk-and-decisions-come-together-d8ffd7.htmlhttps://www.bankingsupervision.europa.eu/press/supervisory-newsletters/newsletter/2026/html/ssm.nl261111_1.en.htmlWed, 11 Nov 2026 08:00:00 -0000ECBNewslettersSupervision Newsletter with the results of the 2024-2026 horizontal benchmarking exercise on risk appetite frameworks (RAF) at 47 banks in 14 countries.ECBhttps://neuralherald.com/en/n/2026-11-10-gobernador-icmb-europe-in-the-new-geopolitical-landscape-3da9be.htmlhttps://www.bde.es/wbe/es/noticias-eventos/actualidad-banco-espana/intervenciones-publicas/gobernador-icmb-europe-in-the-new-geopolitical-landscape.htmlTue, 10 Nov 2026 08:00:00 -0000Bank of SpainSpeechesLecture by Governor José Luis Escrivá at the ICMB (Geneva) on Europe in the new geopolitical context. He argues that four transformations (geoeconomic rivalry, climate change and the energy transition, the AI revolution and new demographics) are testing the European model, and that the response is not to copy other powers but to scale up Europe's strengths at continental level. The published material is the presentation (slides).Bank of Spainhttps://neuralherald.com/en/n/2026-11-10-circular-1-2026-de-21-de-octubre-3729e7.htmlhttps://www.bde.es/wbe/es/areas-actuacion/normativa/circulares-banco-de-espana/circulares-banco-espana-indice-cronologico/2026/circular-12026-de-21-de-octubre.htmlTue, 10 Nov 2026 08:00:00 -0000Bank of SpainRulesNew circular on the Central Credit Register (CIR) that consolidates its entire regime into a single text and repeals Circular 1/2013, which had been amended fourteen times. It incorporates the change made by Order ECM/531/2026 (which reinstated what the Supreme Court had annulled in Order ETD/699/2020): the exemption threshold for individual reporting falls from €3,000 to €1,000.Bank of Spainhttps://neuralherald.com/en/n/2026-11-10-philip-r-lane-the-science-and-practice-of-monetary-policy-communicatio-d5b48f.htmlhttps://www.ecb.europa.eu/press/key/date/2026/html/ecb.sp261110_1~9725b7aa07.en.htmlTue, 10 Nov 2026 08:00:00 -0000ECBSpeechesPhilip Lane (Chief Economist) at the Bank of England and its Watchers conference on the science and practice of ECB monetary policy communication. He reviews internal research using language models to measure the tone of communication and argues for 'framework guidance' over guidance on interest rates.ECBhttps://neuralherald.com/en/n/2026-11-10-piero-cipollone-cash-and-the-digital-euro-two-sides-of-the-same-coin-231ed6.htmlhttps://www.ecb.europa.eu/press/key/date/2026/html/ecb.sp261110~9422461bad.en.htmlTue, 10 Nov 2026 08:00:00 -0000ECBSpeechesStatement by Piero Cipollone before the European Parliament's ECON committee on cash and the digital euro. He calls for the trilogues on the single currency package to be concluded before the end of the year and details preparations for the pilot and for the banknote redesign.ECBhttps://neuralherald.com/en/n/2026-11-10-irsg-advice-on-two-rts-s-on-irrd-valuation-related-topics-bb8a3b.htmlhttps://www.eiopa.europa.eu/publications/irsg-advice-two-rtss-irrd-valuation-related-topics_enTue, 10 Nov 2026 08:00:00 -0000EIOPARulesEIOPA's Insurance and Reinsurance Stakeholder Group (IRSG) supports common methodologies for Valuations 1, 2 and 3 under the Insurance Recovery and Resolution Directive (IRRD), but asks that they be proportionate and operationally feasible. It calls for decision-useful provisional valuations when there is no time for a definitive one and for Valuation 3 to respect national insolvency law.EIOPAhttps://neuralherald.com/en/n/2026-11-09-eu-seeks-nominations-for-stakeholder-group-on-tokenisation-standards-i-200c01.htmlhttps://www.ecb.europa.eu/press/intro/news/html/ecb.mipnews261109.en.htmlMon, 09 Nov 2026 08:00:00 -0000ECBPress releasesThe ECB, the European Commission and ESMA open a call to form the European Tokenisation Standards Group (ETSG), an industry group that will develop common standards for tokenised finance.ECBhttps://neuralherald.com/en/n/2026-11-09-written-overview-for-the-exchange-of-views-of-the-chair-of-the-supervi-34e705.htmlhttps://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm.written_overview261109.en.pdfMon, 09 Nov 2026 08:00:00 -0000ECBOtherWritten note by the Chair of the Supervisory Board (Claudia Buch) for the exchange of views with the Eurogroup on 9 November. The banking sector remains sound, but she points to growing risks from public debt, funding costs, insolvencies, AI and private credit, and reviews the reform of supervision.ECBhttps://neuralherald.com/en/n/2026-11-09-eu-seeks-nominations-for-stakeholder-group-on-tokenisation-standards-i-3f6d0b.htmlhttps://www.esma.europa.eu/press-news/esma-news/eu-seeks-nominations-stakeholder-group-tokenisation-standards-financeMon, 09 Nov 2026 08:00:00 -0000ESMAPress releasesThe ECB, the European Commission and ESMA sponsor an industry group, the European Tokenisation Standards Group (ETSG), to agree technical standards that make DLT-based market infrastructures interoperable. They open a call for nominations.ESMAhttps://neuralherald.com/en/n/2026-11-09-the-eba-streamlines-the-2027-eu-wide-stress-test-with-more-than-55-red-f4916e.htmlhttps://www.eba.europa.eu/publications-and-media/press-releases/eba-streamlines-2027-eu-wide-stress-test-more-55-reduction-requested-dataMon, 09 Nov 2026 08:00:00 -0000EBAPress releasesThe EBA publishes the final methodology, the (draft) templates and the template guidance for the 2027 EU-wide stress test, together with its timeline. The exercise is simplified: the data required fall by 55% compared with the previous one, mainly in credit risk, by aligning the templates with supervisory reporting. For the first time it includes a specific climate risk module (physical and transition risks) that does not affect the main results.EBAhttps://neuralherald.com/en/n/2026-11-09-2027-eu-wide-stress-test-methodological-note-5527ec.htmlhttps://www.eba.europa.eu/sites/default/files/2026-11/2a077772-ee1f-4aac-8184-e12e70e438d3/2027%20EU-wide%20stress%20test%20-%20Methodological%20Note.pdfMon, 09 Nov 2026 08:00:00 -0000EBAReportsMethodological note for the 2027 EU-wide stress test (the main document in the package published on 9 November 2026). It defines the bank sample, the 2027-2029 horizon, the reference date of 31 December 2026, the treatment of credit risk, market risk, income and costs, and the new climate risk module.EBAhttps://neuralherald.com/en/n/2026-11-09-keynote-speech-at-the-international-forum-of-insurance-guarantee-schem-3eebdc.htmlhttps://www.eiopa.europa.eu/keynote-speech-international-forum-insurance-guarantee-schemes-ifigs-2026-11-09_enMon, 09 Nov 2026 08:00:00 -0000EIOPASpeechesSpeech by the EIOPA Chair at the International Forum of Insurance Guarantee Schemes (IFIGS) in defence of insurance guarantee schemes (IGS). It argues that, despite Solvency II and the Insurance Recovery and Resolution Directive (IRRD), insurers still fail and policyholders need a common minimum protection net in Europe.EIOPAhttps://neuralherald.com/en/n/2026-11-07-christine-lagarde-interview-with-yomiuri-shimbun-d89aea.htmlhttps://www.ecb.europa.eu/press/inter/date/2026/html/ecb.in261107~e7b86fc4ce.en.htmlSat, 07 Nov 2026 08:00:00 -0000ECBSpeechesInterview of Christine Lagarde with Yomiuri Shimbun (4 November). She puts October headline inflation at 4%, driven by energy (20.8%), with core inflation stable at 2.5% and services at 3.3%. She warns that inflation will remain high in the coming quarters and that, based on current information, a significant change would be needed for the direction not to be the one she expects for December.ECBhttps://neuralherald.com/en/n/2026-11-06-la-cnmv-destaca-la-fortaleza-de-los-mercados-financieros-en-un-entorno-9ecc09.htmlhttps://www.cnmv.es/webservices/verdocumento/ver?t=%7b0c4d3fda-18b5-4d32-995e-2638faec6d24%7dFri, 06 Nov 2026 08:00:00 -0000CNMVPress releasesThe CNMV publishes its third-quarter bulletin: markets have shown resilience despite geopolitics, rising interest rates and elevated valuations in parts of the equity market.CNMVhttps://neuralherald.com/en/n/2026-11-06-claudia-buch-europe-s-banking-union-has-come-very-far-it-should-go-fur-48e61f.htmlhttps://www.bankingsupervision.europa.eu/press/blog/2026/html/ssm.blog20261106~b77208117a.en.htmlFri, 06 Nov 2026 08:00:00 -0000ECBArticlesSupervision blog post signed by Claudia Buch (Chair of the Supervisory Board) and Dominique Laboureix (Chair of the SRB). They support the Commission's communication on banking competitiveness and set out principles for simplifying without losing resilience.ECBhttps://neuralherald.com/en/n/2026-11-06-sharon-donnery-if-time-stood-still-regulatory-modernisation-and-financ-28a5bb.htmlhttps://www.bankingsupervision.europa.eu/press/speeches/date/2026/html/ssm.sp261106~be7a42d6e7.en.htmlFri, 06 Nov 2026 08:00:00 -0000ECBSpeechesSharon Donnery (Supervisory Board) at the IIF colloquium on regulatory modernisation. She supports the FSB principles under consultation and argues for changing the rules to keep them effective and remove complexity, but with each change justified by its effect on resilience.ECBhttps://neuralherald.com/en/n/2026-11-06-the-eba-outlines-next-steps-on-supervisory-reporting-simplification-an-a4b74e.htmlhttps://www.eba.europa.eu/publications-and-media/press-releases/eba-outlines-next-steps-supervisory-reporting-simplification-and-extends-implementation-timelinesFri, 06 Nov 2026 08:00:00 -0000EBAPress releasesFollowing the public consultation (closed on 10 July 2026) on the review of the ITS on supervisory reporting (Implementing Regulation 2024/3117), the EBA previews the final simplification package: more proportionality, fewer templates and lower frequencies, and longer implementation timelines. The final report with the ITS will be published in December 2026.EBAhttps://neuralherald.com/en/n/2026-11-05-isabel-schnabel-navigating-stormy-waters-reflections-on-monetary-polic-67e215.htmlhttps://www.ecb.europa.eu/press/key/date/2026/html/ecb.sp261105_1~5e97d9d5a0.en.htmlThu, 05 Nov 2026 08:00:00 -0000ECBSpeechesFarewell speech by Isabel Schnabel (who leaves the Executive Board in early January) at the ECB Conference on Money Markets. She sets out four lessons from seven years of monetary policy and her views on the operational framework and the Eurosystem balance sheet.ECBhttps://neuralherald.com/en/n/2026-11-05-anneli-tuominen-anti-money-laundering-how-are-supervisors-tackling-the-72d639.htmlhttps://www.bankingsupervision.europa.eu/press/speeches/date/2026/html/ssm.sp261105~717ce34d36.en.htmlThu, 05 Nov 2026 08:00:00 -0000ECBSpeechesAnneli Tuominen (Supervisory Board) at a conference in Helsinki on preparing for the EU Anti-Money Laundering Regulation (AMLR). She explains why money laundering matters for prudential supervision and how prudential and AML supervisors cooperate with the new AMLA.ECBhttps://neuralherald.com/en/n/2026-11-05-the-eba-publishes-revised-guidelines-on-internal-governance-delivering-15b72b.htmlhttps://www.eba.europa.eu/publications-and-media/press-releases/eba-publishes-revised-guidelines-internal-governance-delivering-greater-proportionality-andThu, 05 Nov 2026 08:00:00 -0000EBAPress releasesThe EBA publishes its revised Guidelines on internal governance under the CRD, which incorporate the changes introduced by CRD VI (Directive 2024/1619): a mapping of the roles and responsibilities of the management body and key function holders, and a specific governance framework for third-country branches. They aim for more proportionality and a lighter compliance burden.EBAhttps://neuralherald.com/en/n/2026-11-05-conference-acpr-keynote-speech-915d78.htmlhttps://www.eba.europa.eu/sites/default/files/2026-11/55093d61-7a91-469d-a93b-316e391d55e5/Conf%C3%A9rence%20ACPR%20-%20keynote%20speech.pdfThu, 05 Nov 2026 08:00:00 -0000EBASpeechesSpeech by EBA Chair François-Louis Michaud at the ACPR annual conference (Paris, 5 November 2026). He argues that resilience and competitiveness are not opposed: European banks are sound, but the banking single market remains fragmented and rules must be simplified without lowering capital.EBAhttps://neuralherald.com/en/n/2026-11-05-final-report-on-guidelines-on-internal-governance-b1fa6d.htmlhttps://www.eba.europa.eu/sites/default/files/2026-11/3c8b1810-c335-499a-803f-6d795ce3d196/Final%20report%20on%20Guidelines%20on%20internal%20governance.pdfThu, 05 Nov 2026 08:00:00 -0000EBARulesFinal report with the revised Guidelines on internal governance (EBA/GL/2026/10). It updates the 2021 guidelines to reflect CRD VI, Directive 2019/878 and DORA, and adds new supervisory focus areas: conduct risks (AML/CFT), ESG, digitalisation, AI and reliance on third-party providers.EBAhttps://neuralherald.com/en/n/2026-11-05-resilience-et-competitivite-une-obscure-clarte-resilience-and-competit-ad44d6.htmlhttps://www.eba.europa.eu/publications-and-media/speeches/resilience-et-competitivite-une-obscure-clarte-resilience-and-competitiveness-obscure-clarityThu, 05 Nov 2026 08:00:00 -0000EBASpeechesSpeech by EBA Chair François-Louis Michaud at the ACPR annual conference (Paris, 5 November 2026). He argues that resilience and competitiveness are not at odds: European banks are in very good shape, but the single banking market remains fragmented and simplification is needed without lowering capital.EBAhttps://neuralherald.com/en/n/2026-11-04-el-acceso-a-la-financiacion-bancaria-siguio-mejorando-en-el-tercer-tri-dbc432.htmlhttps://www.bde.es/wbe/es/noticias-eventos/actualidad-banco-espana/notas-banco-espana/el-acceso-a-la-financiacion-bancaria-siguio-mejorando-en-el-tercer-trimestre-de-2026-aunque-la-mejora-fue-muy-leve-y-menor-que-en-el-trimestre-anterior.htmlWed, 04 Nov 2026 08:00:00 -0000Bank of SpainPress releasesResults for Spain of the ECB's SAFE survey on firms' access to finance (third quarter of 2026). Access to bank credit continued to improve, but only very slightly, while corporate profits fall and lending rates rise for the third consecutive quarter.Bank of Spainhttps://neuralherald.com/en/n/2026-11-04-christine-lagarde-a-warning-from-europe-s-hot-summer-a14813.htmlhttps://www.ecb.europa.eu/press/blog/date/2026/html/ecb.blog20261104~78299c3eaf.en.htmlWed, 04 Nov 2026 08:00:00 -0000ECBArticlesBlog post by Christine Lagarde on Europe's extreme summer. The economic impact has been small and temporary, but the costs of climate change are growing and could push up food inflation. She proposes more insurance protection and a more flexible electricity system.ECBhttps://neuralherald.com/en/n/2026-11-04-carlo-comporti-s-keynote-speech-at-the-13th-joint-esas-consumer-protec-efd526.htmlhttps://www.esma.europa.eu/document/carlo-comportis-keynote-speech-13th-joint-esas-consumer-protection-day-4-november-2026Wed, 04 Nov 2026 08:00:00 -0000ESMASpeechesFirst public speech by Carlo Comporti as the new ESMA Chair (he took office that same week), at the ESAs' Consumer Protection Day in Rome. He sets out his approach to investor protection.ESMAhttps://neuralherald.com/en/n/2026-11-03-la-cnmv-inicia-la-consulta-publica-del-proyecto-de-actualizacion-del-c-13db20.htmlhttps://www.cnmv.es/webservices/verdocumento/ver?t=%7b0444aa7b-6689-4475-8a68-d2d2d6bfbadb%7dTue, 03 Nov 2026 08:00:00 -0000CNMVPress releasesThe CNMV has opened a public consultation on the draft update of the Good Governance Code for listed companies, approved in 2015 and partially revised in 2020. The text is simplified and reorganised into three areas, led by the board, and adds recommendations to strengthen independent directors and the balance of power, while incorporating sustainability, digitalisation, cybersecurity and artificial intelligence.CNMVhttps://neuralherald.com/en/n/2026-11-03-consulta-publica-de-la-actualizacion-del-codigo-de-gobierno-de-las-soc-77ed12.htmlhttps://www.cnmv.es/DocPortal/DocFaseConsulta/CNMV/NP_CP_CGC_03112026.pdfTue, 03 Nov 2026 08:00:00 -0000CNMVConsultationsThe CNMV opens a consultation on updating the Good Governance Code of Listed Companies (in force since 2015, revised in 2020): fewer and shorter recommendations, but more demanding in the key areas.CNMVhttps://neuralherald.com/en/n/2026-11-03-gobernador-2026-santander-international-banking-conference-87582d.htmlhttps://www.bde.es/wbe/es/noticias-eventos/actualidad-banco-espana/gobernador-2026-santander-international-banking-conference.htmlTue, 03 Nov 2026 08:00:00 -0000Bank of SpainSpeechesSpeech in English by Governor José Luis Escrivá at the 2026 Santander International Banking Conference, under the theme Powering growth, building resilience. The Bank of Spain has published only the video of the speech, with no text.Bank of Spainhttps://neuralherald.com/en/n/2026-11-03-pedro-machado-simplification-and-complexity-in-the-banking-union-separ-1a50c2.htmlhttps://www.bankingsupervision.europa.eu/press/speeches/date/2026/html/ssm.sp261103~dff42acdd1.en.htmlTue, 03 Nov 2026 08:00:00 -0000ECBSpeechesPedro Machado, Member of the ECB Supervisory Board, argues that simplifying the prudential framework should make it more proportionate and easier to understand, not lower capital requirements. He says the main drag on European banks' competitiveness is a market still fragmented along national lines and sets out concrete proposals to ease the burden on small banks.ECBhttps://neuralherald.com/en/n/2026-11-02-gobernador-barcelona-2026-world-in-progress-bancos-centrales-independe-cf6120.htmlhttps://www.bde.es/wbe/es/noticias-eventos/actualidad-banco-espana/gobernador-barcelona-2026-world-in-progress-bancos-centrales-independencia-estabilidad-y-crecimiento.htmlMon, 02 Nov 2026 08:00:00 -0000Bank of SpainSpeechesGovernor José Luis Escrivá took part in the panel Central banks: independence, stability and growth at the Barcelona 2026 World in Progress forum. The Bank of Spain has published only the video, with no text of his remarks.Bank of Spainhttps://neuralherald.com/en/n/2026-11-02-boris-vujcic-integrated-open-and-resilient-europe-s-strengths-in-a-fra-121cc3.htmlhttps://www.ecb.europa.eu/press/key/date/2026/html/ecb.sp.261102~70003226e9.en.htmlMon, 02 Nov 2026 08:00:00 -0000ECBSpeechesECB Vice-President Boris Vujčić argues in Dublin that Europe should respond to geopolitical shocks by building resilience rather than retreating from openness. His prescription is to complete the Single Market and the savings and investments union, since internal fragmentation makes cross-border business costly and weakens risk sharing.ECBhttps://neuralherald.com/en/n/2026-10-30-documentos-ocasionales-2625-measuring-euro-area-inflation-risk-with-op-a2cc57.htmlhttps://www.bde.es/wbe/es/publicaciones/analisis-economico-investigacion/documentos-ocasionales/measuring-euro-area-inflation-risk-with-options-market-implied-distribution-and-balance-of-risks.htmlFri, 30 Oct 2026 08:00:00 -0000Bank of SpainReportsOccasional Paper developing a framework to extract from inflation options the probability distribution of future euro area inflation, at spot and forward horizons. A parametric model (SABR) and a non-parametric estimator deliver very similar results in skewness, kurtosis and tail risks.Bank of Spainhttps://neuralherald.com/en/n/2026-10-30-circular-1-2026-de-21-de-octubre-del-banco-de-espana-sobre-la-central-0d2b48.htmlhttps://app.bde.es/clf_www/leyes.jsp?id=260032&tipoEnt=0Fri, 30 Oct 2026 08:00:00 -0000Bank of SpainRulesThe Official State Gazette publishes Bank of Spain Circular 1/2026, which comprehensively regulates the Central Credit Register (CCR) and repeals Circular 1/2013, amended fourteen times. Besides consolidating the regime, it incorporates the cut in the threshold for exemption from loan-by-loan reporting from EUR 3,000 to EUR 1,000 set out in Order ECM/531/2026.Bank of Spainhttps://neuralherald.com/en/n/2026-10-30-philip-r-lane-ai-adoption-in-europe-30d5f6.htmlhttps://www.ecb.europa.eu/press/key/date/2026/html/ecb.sp261030~08d9d540f0.en.htmlFri, 30 Oct 2026 08:00:00 -0000ECBSpeechesECB chief economist Philip R. Lane sets out in San Francisco how artificial intelligence is reshaping the euro area economy. Spending on AI adoption and European firms' role in the global supply chain are already supporting growth and credit, although the process is at an early stage and its transformative potential remains highly uncertain.ECBhttps://neuralherald.com/en/n/2026-10-30-ecb-selects-network-service-providers-for-the-digital-euro-0c6e4c.htmlhttps://www.ecb.europa.eu/press/intro/news/html/ecb.mipnews261030.en.htmlFri, 30 Oct 2026 08:00:00 -0000ECBPress releasesThe ECB has awarded the connectivity services that will link payment service providers and national central banks to the digital euro service platform to two consortia. The contracts first cover the pilot and would be ready for a potential issuance from 2029.ECBhttps://neuralherald.com/en/n/2026-10-30-main-findings-from-the-ecb-s-recent-contacts-with-non-financial-compan-459049.htmlhttps://www.ecb.europa.eu/press/economic-bulletin/focus/2026/html/ecb.ebbox202607_04~26727550fe.en.htmlFri, 30 Oct 2026 08:00:00 -0000ECBArticlesEconomic Bulletin box summarising the ECB's exchanges with 64 leading non-financial companies between late September and early October. They point to moderate and steady growth, driven by AI, electrification and defence, with stronger price increases in the third quarter and a milder slowdown in wage growth than previously expected.ECBhttps://neuralherald.com/en/n/2026-10-30-pedro-machado-interview-with-bloomberg-7e8146.htmlhttps://www.bankingsupervision.europa.eu/press/interviews/date/2026/html/ssm.in261030~21a824d8f2.en.htmlFri, 30 Oct 2026 08:00:00 -0000ECBSpeechesPedro Machado, Member of the ECB Supervisory Board, supports reviving securitisation provided there is significant risk transfer, but criticises the political agreement giving insurers a bigger role in unfunded protection for STS synthetic securitisations. He also addresses data centre financing, AI adoption in banking and the integration of the banking market.ECBhttps://neuralherald.com/en/n/2026-10-30-decisions-taken-by-the-governing-council-of-the-ecb-in-addition-to-dec-bf42b3.htmlhttps://www.ecb.europa.eu/press/govcdec/otherdec/2026/html/ecb.gc261030~e40f864093.en.htmlFri, 30 Oct 2026 08:00:00 -0000ECBRulesMonthly list of the Governing Council's non-monetary policy decisions for October. It covers Lagarde's announced departure, the onboarding of the Riksbank to T2, three legislative opinions and changes to the Eurosystem accounting framework.ECB