API – Application programming interface Asset management – The direction of cash or securities of a client by a financial services company, usually an investment bank. NS&I account – A national savings and investment account is a government backed form of savings account. Blockchain technology - A digital ledger in which transactions made
enchmarks are widely used to track market developments. However, financial scandals involving benchmarks such as Libor and Euribor have shown that they are susceptible to manipulation. On 18 May MEPs debate new rules to ensure the full transparency of all benchmarks used in the EU and vote on them the
The European Commission has informed Crédit Agricole, HSBC and JPMorgan of its preliminary view that they may have breached EU antitrust rules by colluding to influence the pricing of interest rate derivatives denominated in the euro currency. The sending of a statement of objections does not prejudge the final outcome
Monetary Policy Decisions: At the Governing Council meeting, held on November 7th 2013, ECB took the following monetary policy decisions: The interest rate on the main refinancing operations of the Eurosystem will be decreased by 25 basis points to 0.25%, starting from the operation to be settled on 13 November 2013.