ECB decisions and updates in March 2026 including monetary policy, legislation, and supervision
Source
European Central Bank
March 20, 2026
Source
European Central Bank
March 20, 2026
On 18 March 2026, the ECB Governing Council approved the 2025 monitoring report on compliance with prohibitions on monetary financing and privileged access, in accordance with the Treaty on the Functioning of the European Union (TFEU). Further details will be available in the ECB’s Annual Report 2025, published on 4 May 2026.
On 11 March 2026, following approval, the ECB published the Appia roadmap for Europe’s tokenised finance ecosystem, inviting stakeholder feedback until 22 April 2026. Appia aims to develop integrated, innovative, and resilient tokenised wholesale financial markets in Europe, involving the Eurosystem and public and private sector stakeholders.
The ECB adopted several opinions on 26 February and March 2026, including on prudential supervisory powers related to anti-money laundering and counter-terrorist financing, emergency powers at the request of Finland, digital legislative framework (Digital Omnibus), and harmonised rules on artificial intelligence. These opinions will be published on EUR-Lex in due course.
On 18 March 2026, the ECB issued a recommendation on external auditors of the Bulgarian National Bank, to be published on EUR-Lex. The same day, the Governing Council appointed Věra Jourová as a member of the ECB’s Ethics Committee for a three-year term starting 1 May 2026, succeeding Virginia R. Canter.
The ECB approved the 2025 supervisory activities report on 3 March 2026, which was published on 18 March 2026, and authorized its transmission to European institutions. On 5 March 2026, the Governing Council adopted a decision on the total supervisory fees for 2025.
On 6 March 2026, the Governing Council agreed to notify the EBA of ECB’s intention to comply with environmental scenario analysis guidelines for significant supervised institutions by 1 January 2027, aligning with EBA/GL/2025/04. Additionally, an administrative penalty was imposed on one euro area bank, details of which are available in the source link.
