ECB
European Central Bank
The ECB is the central bank for the eurozone and is responsible for monetary policy in the region. It also supervises significant banks under the Single Supervisory Mechanism.
The ECB manages the euro and works with national central banks across the euro area. It plays a key role in systems like TARGET2 and TIPS. Official site: European Central Bank.
Related Terms
EUR
Euro
EUR is the official currency of the Eurozone, used by 20 of the 27 European Union member states. It'...
SEPA
Single Euro Payments Area
SEPA is a payment integration initiative of the European Union for simplification of bank transfers ...
TARGET2
TARGET2 is the Eurosystem real-time gross settlement system for euro-denominated payments. It is use...
EBA
European Banking Authority
The EBA is an EU agency that creates regulatory standards and promotes harmonized banking supervisio...
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