European Central Bank

Luis de Guindos: Interview with Süddeutsche Zeitung

Retrieved on: 
Monday, February 20, 2023
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There are indeed some favourable developments which are alleviating the pressure of inflation, including the easing of energy prices you mention.

Key Points: 
  • There are indeed some favourable developments which are alleviating the pressure of inflation, including the easing of energy prices you mention.
  • *Aren’t employees justified in asking for higher wages to offset inflation?
  • Parties in the ongoing wage negotiations are looking back to the high inflation of the past year.
  • But inflation will abate in the course of the year: we expect an average inflation rate of around 6% this year, with 3.6% in the last quarter.
  • The trade unions may, however, be inclined to ask for excessive pay rises.
  • *
    If we enter into a wage-price spiral, the ECB will have to raise interest rates by more than would otherwise have been needed.
  • Governments need to offer support to those who are worst affected, by introducing targeted subsidies to mitigate the impact of inflation.
  • People could then reduce their wage demands and the ECB would not have to tighten its monetary policy so much.
  • But this inflation was caused by extraordinary shocks: the sudden reopening of the economy after the pandemic and the war against Ukraine.
  • The best thing we can do is to bring inflation back down to our target of 2% as soon as possible.
  • Their profit margins shot up recently, making them more resilient, partly due to higher interest rates.
  • We are of course keeping a close eye on the non-bank financial sector, or shadow banks.
  • Two years ago, for example, the difficulties at the private investment firm Archegos caused several banks to suffer major losses.

ECB publishes consolidated banking data for end-September 2022

Retrieved on: 
Monday, February 20, 2023
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The quarterly data cover the information required to analyse the EU banking sector and comprise a subset of the information that is available in the year-end dataset.

Key Points: 
  • The quarterly data cover the information required to analyse the EU banking sector and comprise a subset of the information that is available in the year-end dataset.
  • The end-September 2022 data refer to 311 banking groups and 2396 stand-alone credit institutions operating in the EU (including foreign subsidiaries and branches), covering nearly 100% of the EU banking sector’s balance sheet.
  • Some revisions to past data are disclosed together with the end-September 2022 data.
  • Notes
    - The consolidated banking data are available in the ECB Statistical Data Warehouse.

Christine Lagarde: European Parliament plenary debate on the ECB Annual Report

Retrieved on: 
Monday, February 20, 2023
European, Foundation, Attention, European Commission, International economics, Council, Paris, Time, Frankfurt, Reproduction, Communication, ECB, Lagarde, Prejudice, Civil service commission, European Central Bank, Goal, Freedom, Peterson Institute for International Economics, Economic and monetary union, Parliament, Food, Risk, Policy, Single, Heart, APP, Growth, Elliott District Community Government Council, European Parliament, Democracy, Employment, COVID-19, Environment, Next Generation, Speech, Economy, Council Implementing Regulation (EU) No. 282/2011, Achievement, Liquor, Security printing, Tourism, Cryptocurrency, Bank, Renewable energy, Security (finance), EU, Eurostat

Strasbourg, 15 February 2023

Key Points: 
  • Strasbourg, 15 February 2023
    I am very pleased to be back here in this plenary room – the heart of European democracy – to participate in today’s important debate.
  • The ECB was granted a democratic mandate to ensure price stability in the euro area.
  • To achieve this mandate, the ECB was also granted a high level of independence.
  • After all, reinforcing trust in our institution also supports our monetary policy, for example by anchoring inflation expectations.
  • Today’s debate on your draft resolution is crucial in both these aspects.
  • Let me start by briefly outlining our assessment of the euro area economy, as discussed by the Governing Council earlier this month.
  • As an anchor of stability, the euro has advanced European integration and strengthened the Single Market’s role in driving growth.
  • The euro has also become a binding symbol and integral part of our shared European identity, as its popularity shows.
  • The ECB is playing its part, notably by ensuring European banking supervision is effective and consistent.
  • As also advocated in your draft resolution, the ECB stands ready to agree on a formalisation, in writing, of the current accountability practices between the ECB and the European Parliament.
  • The ECB has made a proposal to the European Parliament and looks forward to finalising an agreement between our two institutions.
  • Lagarde, C. (2022), “A new global map: European resilience in a changing world”, keynote speech at the Peterson Institute for International Economics, 22 April.
  • ECB (2021) “Eurosystem reply to the Communication from the European Commission “The EU economy after COVID-19: implications for economic governance” of 19 October 2021”, 1 December.

ECB appoints Myriam Moufakkir as Chief Services Officer

Retrieved on: 
Monday, February 20, 2023
Insurance, SCOR, Frankfurt, Reproduction, Communication, ECB, European Central Bank, CSO, Region, Engineering, Axa, Information technology, Chief services officer, Management, Security printing

- PRESS RELEASE

Key Points: 
  • - PRESS RELEASE
    ECB appoints Myriam Moufakkir as Chief Services Officer
    Friday, 17 February 2023
    - Myriam Moufakkir has 30 years’ experience in insurance and banking
    - Myriam Moufakkir replaces Michael Diemer, who left the ECB in September 2022
    - CSO portfolio includes information technology, human resources and corporate services
    The European Central Bank (ECB)’s Executive Board has appointed Myriam Moufakkir as its Chief Services Officer (CSO).
  • Ms Moufakkir is currently Chief Business Transformation & Operations Officer at SCOR Property & Casualty (SCOR P&C), a leading reinsurance company based in Paris.
  • Before joining SCOR P&C, she held senior leadership roles at AXA Group, where she was Chief Operating Officer and Regional Chief Information Officer at AXA Asia in Hong Kong.
  • Myriam Moufakkir’s predecessor, Michael Diemer, stepped down in September 2022 after six years of service at the ECB.

Aperam announces dividend payment schedule for 2023

Retrieved on: 
Monday, February 13, 2023
European Central Bank, Central bank, EUR, Holding company, Security (finance)

Luxembourg, 10 February 2023 (07:00 CET) - Aperam announces its detailed dividend payment schedule for 2023.

Key Points: 
  • Luxembourg, 10 February 2023 (07:00 CET) - Aperam announces its detailed dividend payment schedule for 2023.
  • The Company proposes to maintain its base dividend at EUR 2.00/share, subject to shareholders approval at the next Annual General Meeting to be held on 2 May 2023.
  • The dividend payments would occur in four equal quarterly installments of EUR 0.50 (gross) per share in 2023 as described below in the detailed dividend schedule.
  • A Luxembourg withholding tax of 15% is applied on the gross dividend amounts.

Press release - Press briefing on next week’s plenary session - Friday, 10 February, at 11.00

Retrieved on: 
Monday, February 13, 2023
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Press briefing on next week’s plenary session - Friday, 10 February, at 11.00

Key Points: 
  • Press briefing on next week’s plenary session - Friday, 10 February, at 11.00
    Spokespersons for Parliament and for political groups will hold a briefing on the 13 - 16 February plenary session on Friday at 11.00, in Parliament’s Anna Politkovskaya press room.
  • Information for the media - Use Interactio to ask questions
    Interactio is only supported on iPad (with the Safari browser) and Mac/Windows (with the Google Chrome browser).
  • When connecting, enter your name and the media you are representing in the first name / last name fields.
  • Contacts:
    Jaume DUCH GUILLOTEP Spokesperson and Director General for Communication
    Delphine COLARDHead of Spokesperson’s Unit and Deputy Spokesperson
    Neil CORLETTHead of the Press Unit

CNH Industrial commences a second tranche of its $300 million share buyback program and announces preliminary details for annual dividend ex-dividend and payment dates

Retrieved on: 
Monday, February 6, 2023
IH, CNH, R, NYSE, Central bank, Breaking New Ground, CASE, Annual, Annual general meeting, CNHI, Translation, Sustainability, Workplace, CNH Industrial, Investment, Agriculture, Gun buyback program, European Central Bank, Miller, New Holland Agriculture, News, Security (finance), Online shopping, Heavy equipment, Euro, Treasury

As of February 3, 2023, the Company currently holds 20,159,225 common shares in Treasury.

Key Points: 
  • As of February 3, 2023, the Company currently holds 20,159,225 common shares in Treasury.
  • As previously announced, the Company’s Board of Directors intends to recommend to the Company’s shareholders an annual cash dividend of €0.36 per common share, totaling approximately €483 million (~$511 million).
  • CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company.
  • For more information and the latest financial and sustainability reports visit: cnhindustrial.com
    For news from CNH Industrial and its Brands visit: media.cnhindustrial.com

MDxHealth Announces Pricing of Offering of ADSs in the United States

Retrieved on: 
Friday, February 3, 2023
Finance, United Kingdom, Urban economics, European Economic Area, Central bank, Offering, ADS, Article 49 of the French Constitution, European Central Bank, Sale, Article 19, Financial services, Article, Person, Order, Prospectus, Financial Services and Markets Act 2000, EUR, Security (finance), EU

This press release contains forward-looking statements regarding the expected closing of the Offering and the intended use of proceeds from the Offering.

Key Points: 
  • This press release contains forward-looking statements regarding the expected closing of the Offering and the intended use of proceeds from the Offering.
  • The Offering is subject to market and other conditions and there can be no assurance as to whether or when the offering may be completed.
  • This press release does not constitute an offer or invitation for the sale or purchase of securities or assets of mdxhealth in any jurisdiction.
  • No public offering will be made and no one has taken any action that would, or is intended to, permit a public offering in any country or jurisdiction, other than the United States, where any such action is required, including in Belgium.

First Trust Dynamic Europe Equity Income Fund Issues Notice Regarding January 2023 Distribution

Retrieved on: 
Tuesday, January 17, 2023
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The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital.

Key Points: 
  • The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital.
  • A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."
  • The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

DBRS Morningstar: Italian Banks: Moderate Refinancing Risks As TLTRO Funds Begin To Mature

Retrieved on: 
Wednesday, January 18, 2023
Banking, Professional Services, Finance, All rights reserved, Central bank, CRA, Translation, Person, NRSRO, Morning Star, ARE, ALL, UK, DRO, DBRS, Publishing, Research, Sale, ECB, III, Prospectus, European Central Bank, EU, Commercial property, Bank, Insurance, Eurosystem

The commentary analyses the potential refinancing risks for Italian banks as they reimburse the European Central Bank (ECB)’s targeted longer-term refinancing operations (TLTRO) funds.

Key Points: 
  • The commentary analyses the potential refinancing risks for Italian banks as they reimburse the European Central Bank (ECB)’s targeted longer-term refinancing operations (TLTRO) funds.
  • We expect funding and liquidity indicators to gradually deteriorate as Italian banks reimburse the TLTRO III funds.
  • The DBRS Morningstar group of companies are wholly-owned subsidiaries of Morningstar, Inc. © 2023 DBRS Morningstar.
  • The information upon which DBRS Morningstar ratings and other types of credit opinions and reports are based is obtained by DBRS Morningstar from sources DBRS Morningstar believes to be reliable.