At a conference marking the ESRB’s 15‑year anniversary, Croatian National Bank Governor Boris Vujčić highlighted the need for a resilient, integrated and competitive European banking sector, underscoring the role of macro‑prudential oversight, monetary policy tools and payment infrastructures in safeguarding financial stability.
European airlines have failed to pay billions in passenger compensation for flight delays as required under EU261/2004 regulation. Analysis by the Financial Times shows that since 2011, €18 billion in compensation has been due to passengers, but only a small portion has actually been paid, leaving €3.2 billion currently unpaid.
Boris Vujcic, a Croatian official, took office as the new Vice President of the European Central Bank, succeeding Luis de Guindos from Spain who completed his eight-year term. Vujcic now occupies the office on the 40th floor of the ECB tower in Frankfurt, near the office of ECB President Christine Lagarde.