Central bank

Press release - Metsola to European Council: We are strongest when we act together

Retrieved on: 
Thursday, March 23, 2023
European Council, Single market, European Council on Foreign Relations, European Central Bank, European banking union, Solidarity, European Parliament, Crime, Capital Markets Union, Policy, Electricity, Aggression, Central bank, Parliament, Investment, International Criminal Court investigation in Ukraine, Council, SME, Cryptocurrency, Arms industry, Drug, Renewable energy, EU, Metsola
Key Points: 

Nordea Bank Abp: Nordea’s Annual General Meeting 2023

Retrieved on: 
Thursday, March 23, 2023
European Central Bank, Shareholder, Travel, London Stock Exchange, Financial Conduct Authority, Policy, AGM, Central bank, Article, London, United Kingdom, Remuneration, RNS, Audit, Security (finance), Reinsurance

The amended articles enable also holding a general meeting without a meeting venue as a so-called virtual meeting.

Key Points: 
  • The amended articles enable also holding a general meeting without a meeting venue as a so-called virtual meeting.
  • Additionally, deciding on the adoption of the remuneration policy, when necessary, and the remuneration report were included among matters to be decided at an annual general meeting.
  • The authorisation shall remain in force and effect until the earlier of (i) the end of the next annual general meeting of the Company or (ii) 18 months from the resolution of the AGM 2023.
  • The authorisation shall remain in force and effect until the earlier of (i) the end of the next annual general meeting of the Company or (ii) 18 months from the AGM 2023.

REPLY: "Everything can become a digital asset" Is the Paradigm Resulting From Reply's ‘Digital Assets Trends’ Research

Retrieved on: 
Thursday, March 23, 2023
Data Management, Technology, IOT (Internet of Things), Professional Services, Digital Cash Management, Digital Assets, NFT, Other Technology, Artificial Intelligence, Other Professional Services, Internet, Mobile, Wireless, Metaverse, Central bank digital currency, Insurance, Blockchain, EXM, BofA Securities, B2B, Cryptocurrency, STAR, Central bank, Icos, The X Factor Digital Experience, Research, Carbon, Digital, Cloud computing, Non-fungible token, Euro, Digital asset, Orangi Pilot Project, ECB, AI, European Investment Bank, SME, Reply

This is what emerges from Reply's new ‘ Digital Assets Trends’ research, based on the Reply SONAR platform .

Key Points: 
  • This is what emerges from Reply's new ‘ Digital Assets Trends’ research, based on the Reply SONAR platform .
  • The study essentially identifies 4 macro-categories of emerging digital assets, these are: payment tokens, non-fungible tokens (NFTs), utility tokens, and security tokens.
  • Non-fungible tokens are a digital representation of real assets or natively digital assets to be collected or used in virtual worlds.
  • As digital assets, they offer additional benefits, including greater flexibility in the creation and distribution process for SMEs and startups.

Understanding the impact of COVID-19 supply disruptions on exporters in global value chains

Retrieved on: 
Thursday, March 23, 2023
Terazosin, European Central Bank, International economics, Probability, Journal of International Economics, Central bank, Coronavirus, Direction, American Economic Review, COVID-19, Survival, Economist, OECD, IMF Economic Review, Research, Great Trade Collapse, RESEARCH, Bullwhip effect, Journal, Directorate, Data, ECB, M, No, GVC, GVCS, Commerce, CASD, Video game, Tourism, Rare-earth element, Dam, Instrumentation, Pharmaceutical industry, Textile, Serafini

In this context, the further upstream the disruption occurs, the greater is the potential for supply bottlenecks to propagate negative shocks.

Key Points: 
  • In this context, the further upstream the disruption occurs, the greater is the potential for supply bottlenecks to propagate negative shocks.
  • The third phase was from September 2020 to the end of 2021, when disruptions to global supply chains emerged and progressively intensified.
  • Within this sample, our treatment group comprises all exporting firms that had imported intermediate inputs at least once over the same period.
  • We assess firms’ performance during the crisis, in terms of export sales and probability of survival in the export market.
  • The richness of the dataset allows us to then deepen our analysis and look at several sources of heterogeneity.
  • In April 2020 GVC exporters recorded export volumes that were 42% lower than the levels recorded in January 2020.
  • Chart 2 illustrates the estimated effect of participation in global value chains on firm-level exports.
  • We find that participation in GVCs increased firm vulnerability during the pandemic, with the negative impact of supply disruptions being greater for firms located relatively more downstream in the value chain.
  • In this article we investigate the impact of supply chain linkages on exporting firms during the pandemic.
  • Highly granular data for the universe of French exporters allow us to provide one of the first firm-level quantifications of the impact of supply bottlenecks that occurred in 2021, when disruptions along value chains were at historically high levels.
  • We find that exporters in global value chains suffered relatively more than other exporters during the COVID-19 crisis.
  • This additional negative effect was mostly driven by exporters at downstream production stages, whereas diversifying sourcing networks for core imports helped to buffer the impact.

S&P Global Market Intelligence Ranks the Best-Performing Community Banks, Credit Unions and US Public Banks for 2022

Retrieved on: 
Wednesday, March 22, 2023
Star Bank, Five Star Bank, Central bank, First Bank, Research, East West Bancorp, Public bank, S&P Global, S, Money multiplier, Community Bank, Growth, Weather, Credit union, Cryptocurrency, Bank, Renewable energy

NEW YORK, March 22, 2023 /PRNewswire/ -- S&P Global Market Intelligence released its annual rankings for 2022's best-performing community banks with assets between $3 billion and $10 billion, community banks with assets below $3 billion, top-performing credit unions and top performing U.S. public banks. A new category was introduced this year: top performing community banks by region for the Northeast, South Central, Southeast, West, and Midwest.

Key Points: 
  • NEW YORK, March 22, 2023 /PRNewswire/ -- S&P Global Market Intelligence released its annual rankings for 2022's best-performing community banks with assets between $3 billion and $10 billion, community banks with assets below $3 billion, top-performing credit unions and top performing U.S. public banks.
  • S&P Global Market Intelligence launched the rankings in 2011 to assess the performance of community banks and credit unions.
  • To access the full list of top performing U.S. public banks, community banks and credit unions for 2022, click here .
  • To access the full list of top performing U.S. community banks based on region for 2022, click here .

Scotiabank Lays Foundation for Data-Rich Payments across Global Footprint

Retrieved on: 
Tuesday, March 21, 2023
Transfer, Canada, European Central Bank, Society, ISO, Central bank, April Parker Jones, Interac, Payments Canada, Investment, Interac e-Transfer, Commerce, SVP, Scotiabank, Bank, SWIFT

The SWIFT (Society for Worldwide Interbank Financial Telecommunication) system migration upgrade allows Scotiabank the ability to process ISO 20022 wire payments for clients throughout its global footprint across 26 markets in North America, Latin America, Caribbean, Europe, and Asia Pacific.

Key Points: 
  • The SWIFT (Society for Worldwide Interbank Financial Telecommunication) system migration upgrade allows Scotiabank the ability to process ISO 20022 wire payments for clients throughout its global footprint across 26 markets in North America, Latin America, Caribbean, Europe, and Asia Pacific.
  • SWIFT has led the global migration to ISO 20022 for wire payments, an upgrade that enables payments to become borderless and context-rich.
  • "This is another in a series of investments in our payments platform, designed to improve customer experiences," said Matthew Parker-Jones, SVP, Products and Operations, Global Business Payments at Scotiabank.
  • Bringing ISO 20022 to the global financial community is a giant leap forward in modernizing payments – made possible by strong industry collaboration with Payments Canada, SWIFT, European Central Bank, and other global payments partners.

Immatics Announces Full Year 2022 Financial Results and Corporate Update

Retrieved on: 
Tuesday, March 21, 2023
GMP, Investment, Cohort, Head, Oncology, European Society for Medical Oncology, PRAME, Development, Patient, Corr, Congress, University, Half-life, Gene editing, Uveal melanoma, Research, Spanish mythology, CD8, Wellington Management Company, Entrepreneurship, CD4, IND, Conference, Safety, GSK, European Central Bank, ESMO, Central bank, COL6A3, TCR, Traction, Administration, Science Translational Medicine, Medical sociology, Ovarian cancer, Family, Synovial sarcoma, CRISPR, Doctor of Philosophy, Clinical trial, Bristol Myers Squibb, EUR, State Administrative Expenses, Toxic shock syndrome toxin-1, Bank, LP, Tumor microenvironment, VI, Peptide, Nivolumab, Pharmaceutical industry, Cryptocurrency, Vaccine, Medical imaging

In October 2022, Immatics provided an interim update on the ongoing IMA203 TCR-T monotherapy trial covering data from 27 patients in the completed Phase 1a dose escalation and the first 5 patients in the Phase 1b dose expansion trial.

Key Points: 
  • In October 2022, Immatics provided an interim update on the ongoing IMA203 TCR-T monotherapy trial covering data from 27 patients in the completed Phase 1a dose escalation and the first 5 patients in the Phase 1b dose expansion trial.
  • This allows Immatics to shorten the turnaround time and to provide the cell therapy product candidate to patients faster.
  • In October 2022, GSK provided Immatics with notice of its decision to terminate their collaboration.
  • Immatics successfully completed an underwritten public offering in October 2022, raising approximately $110 million before deducting underwriting discount and offering expenses.

Statement by Christine Lagarde, President of the European Central Bank, on the announcement on 19 March 2023 by the Swiss authorities

Retrieved on: 
Tuesday, March 21, 2023
Lagarde, Communication, Policy, European Central Bank, Reproduction, Central bank, Frankfurt, Cryptocurrency, Nightclub

- PRESS RELEASE

Key Points: 
  • - PRESS RELEASE
    Statement by Christine Lagarde, President of the European Central Bank, on the announcement on 19 March 2023 by the Swiss authorities
    19 March 2023
    “I welcome the swift action and the decisions taken by the Swiss authorities.
  • They are instrumental for restoring orderly market conditions and ensuring financial stability.
  • The euro area banking sector is resilient, with strong capital and liquidity positions.
  • European Central Bank
    Directorate General Communications
    - Sonnemannstrasse 20
    - 60314 Frankfurt am Main, Germany
    - +49 69 1344 7455
    - [email protected]
    Reproduction is permitted provided that the source is acknowledged.Media contacts

Coordinated central bank action to enhance the provision of US dollar liquidity

Retrieved on: 
Tuesday, March 21, 2023
Bank, European Central Bank, Note, Federal, Communication, Central bank, National bank, Frankfurt, Federal Reserve, Swiss National Bank, ECB, Reproduction, Bank of Canada, Bank of Japan, Security printing, Cryptocurrency, Audit

- PRESS RELEASE

Key Points: 
  • - PRESS RELEASE
    Coordinated central bank action to enhance the provision of US dollar liquidity
    19 March 2023
    - ECB and other major central banks to offer 7-day US dollar operations on a daily basis
    - New frequency effective as of 20 March 2023 to remain in place at least through the end of April to support smooth functioning of US dollar funding markets
    The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing US dollar liquidity swap line arrangements.
  • To improve the swap lines’ effectiveness in providing US dollar funding, the central banks currently offering US dollar operations have agreed to increase the frequency of 7-day maturity operations from weekly to daily.
  • These daily operations will commence on Monday, 20 March 2023, and will continue at least through the end of April.
  • : +49 173 2150 190
    Notes
    - ECB establishes standing swap arrangements with other central banks
    - US dollar collateralised operations
    - ECB ad hoc communications related to monetary policy implementation
    - Explainer: What are currency swap lines?

First Trust/abrdn Global Opportunity Income Fund Increases its Monthly Common Share Distribution to $0.0525 Per Share for April

Retrieved on: 
Monday, March 20, 2023
Professional Services, Finance, Vaccine, AIB (NI), Uncertainty, New York Stock Exchange, Organic, European Central Bank, Risk, Loss, ERISA, Investment, Financial Conduct Authority, LIBOR, COVID-19, FAM, Abrdn, Central bank, Infection, Terrorism, Movement, Judgement, Government, Internal Revenue Code, FTP, Security (finance), Hedge fund, London Interbank Bid Rate, Internal Revenue Code section 409A, European, FINRA, United Kingdom, Fraud, Fund, NYSE, FTA, Disease, Life insurance, Cryptocurrency, Financial adviser, Bank

First Trust/abrdn Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has increased its regularly scheduled monthly common share distribution to $0.0525 per share from $0.045 per share.

Key Points: 
  • First Trust/abrdn Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has increased its regularly scheduled monthly common share distribution to $0.0525 per share from $0.045 per share.
  • The distribution will be payable on April 17, 2023, to shareholders of record as of April 4, 2023.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.