Household
Is home bias biased? New evidence from the investment fund sector
Digital euro safeguards – protecting financial stability and liquidity in the banking sector
A digital euro would offer a wide range of
- A digital euro would offer a wide range of
financial stability benefits, including safeguarding the role of public money and
strengthening the strategic autonomy and monetary sovereignty of the euro area in
the digital era. - Keywords: CBDC, digital euro, bank intermediation, financial stability risks.
- A digital euro has the potential to offer a wide range of financial stability
benefits for the digital era. - A digital euro would
stimulate financial innovation among private sector entities and enhance the
efficiency and resilience of the financial system by supporting competition and
diversity within it.3 In addition, a digital euro would strengthen the strategic autonomy
and monetary sovereignty of the euro area. - A digital euro would be designed to minimise risks to the financial system.
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The preparation phase will pave the way for a future decision on whether or not to issue a digital euro.
- When gauging the implications for the euro area banking sector of introducing a
digital euro, take-up would be key, as it would determine the level of deposit
outflows. - In the latter case, the
issuance of a digital euro would not affect banks? balance sheets, since banks would return euro
banknotes to the Eurosystem in exchange for digital euro. - Banknotes and digital euro are two different
types of central bank liability, so a swap between banknotes and digital euro would only affect the
composition and not the size of the Eurosystem?s balance sheet. - In our analysis, we model only the
substitution of commercial bank deposits with a possible future digital euro. - 8
The legislative proposal on a digital euro provides for the inclusion of such safeguards and establishes
specific criteria for the limits, aiming to contain the use of a digital euro as a store of value. - ECB Occasional Paper Series No 346
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2
The added value of digital euro
safeguards such as holding limits
To understand the benefits of digital euro safeguards, such as holding limits, it
is useful to first consider the implications of introducing a CBDC without
adequate safeguards. - (2022), ?Central bank digital currency and bank intermediation: Exploring different
approaches for assessing the effects of a digital euro on euro area banks?, Occasional Papers, No 293,
European Central Bank, Frankfurt am Main, May. - deciding to adopt the digital euro, and (ii) the average amount of digital euro in a
wallet. - At the same time, as discussed in this paper, the design of a digital euro would
include effective safeguards, such as individual holding limits, to mitigate
potential financial stability risks. - ECB Occasional Paper Series No 346
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an upper bound on the amount of digital euro in circulation, thereby addressing and
limiting financial stability concerns associated with the introduction of a digital euro. - (2023), ?A digital euro: gauging the
financial stability implications?, Financial Stability Review, ECB, November.
EQS-News: Leifheit AG on track for growth again in financial year 2023
Free cash flow rose by EUR 3.3 million in 2023 to stand at EUR 12.1 million (2022: EUR 8.8 million).
- Free cash flow rose by EUR 3.3 million in 2023 to stand at EUR 12.1 million (2022: EUR 8.8 million).
- We were already quite successful in that in 2023.”
Turnover growth was driven by all core regions in 2023. - As in previous years, the Leifheit Group had no liabilities to banks at the end of financial year 2023.
- The Board of Management of Leifheit AG expects slight year-on-year growth in Group turnover for financial year 2024.
U.S. Joint Industry Committee Awards Certification to Comscore for National Currency
RESTON, Va., April 03, 2024 (GLOBE NEWSWIRE) -- Comscore, Inc. (Nasdaq: SCOR), a trusted partner for planning, transacting, and evaluating media across platforms, today welcomed the announcement from the U.S. Joint Industry Committee (JIC) granting it National Currency Certification as a transactable cross-platform solution.
- RESTON, Va., April 03, 2024 (GLOBE NEWSWIRE) -- Comscore, Inc. (Nasdaq: SCOR), a trusted partner for planning, transacting, and evaluating media across platforms, today welcomed the announcement from the U.S. Joint Industry Committee (JIC) granting it National Currency Certification as a transactable cross-platform solution.
- This announcement by the JIC follows Comscore’s recent accreditation by the Media Rating Council for both National and Local TV measurement.
- Comscore was found to be transactable across both traditional metrics (ACM/AMA) and cross-platform Exact Spot across both Advanced Audiences and Households.
- Comscore will continue to work with the JIC for the certification of cross-platform Personified Demos.
Smart & Final Extra! Store to Open Wednesday, April 24 in Temecula
Smart & Final, the smaller, faster grocery warehouse store, is opening its first Smart & Final Extra!
- Smart & Final, the smaller, faster grocery warehouse store, is opening its first Smart & Final Extra!
- Located at 32937 Temecula Parkway, the new 30,000-square-foot store will offer communities in the Temecula Valley, located just north of San Diego, a new shopping destination for quality groceries at everyday low prices.
- Smart & Final is continuing to hire for the new store as well as other locations in the area.
- “We’re thrilled to finally serve the Temecula Valley community with the very best Smart & Final has to offer, and we can’t wait to welcome customers to our new store,” said store manager, Zulma Hernandez.
CFP Board Imposes Public Sanctions on Nine Individuals
Joseph Tomczyk, CFP® (Paramus, New Jersey): In November 2023, the Disciplinary and Ethics Commission (Commission) issued an order in which Mr. Tomczyk received a Public Censure.
- Joseph Tomczyk, CFP® (Paramus, New Jersey): In November 2023, the Disciplinary and Ethics Commission (Commission) issued an order in which Mr. Tomczyk received a Public Censure.
- In accordance with Article 3 of CFP Board’s Procedural Rules, CFP Board Enforcement Counsel delivered to Mr. Tomczyk a Complaint for Single Bankruptcy.
- Mark A. Witaschek (Bedford, New Hampshire): In October 2023, CFP Board issued an order in which Mr. Witaschek received a Suspension that prohibits him from using the CFP Board certification marks for five years.
- After taking the March 2021 CFP® exam, Mr. Basu posted a summary of the exam topics and other content from his CFP® exam to the chat group.
Quad Announces New Postal Optimization Program for Mailers Impacted by USPS Postage Rate Hikes
Quad/Graphics, Inc. (NYSE: QUAD) (“Quad”), a global marketing experience company, announced a first-of-its-kind, dynamic, postal optimization program that outpaces current industry offerings.
- Quad/Graphics, Inc. (NYSE: QUAD) (“Quad”), a global marketing experience company, announced a first-of-its-kind, dynamic, postal optimization program that outpaces current industry offerings.
- The solution, which exemplifies the company’s commitment to relentless innovation, is powered by proprietary software created by Quad.
- Household Fusion mail optimization also includes separately printed direct mail pieces as well as onserts that can be placed on top for maximum visibility.
- “Our Household Fusion program was engineered to counteract industry-wide impacts from continuous USPS postage rate hikes, which force mailers to allocate 60-70% of their total production budgets just for postage.
Blue Yonder Survey: Consumers Willing to Prioritize Sustainability Over Price, Convenience
View the full release here: https://www.businesswire.com/news/home/20240318608545/en/
- View the full release here: https://www.businesswire.com/news/home/20240318608545/en/
“We’re encouraged to see that the majority of consumers take sustainability into account when making purchasing decisions,” said Saskia van Gendt, chief sustainability officer, Blue Yonder. - An impressive 83% of consumers reported that they are willing to delay deliveries if an incentive is given to do so.
- Skepticism Toward Sustainability Claims: Consumers’ enthusiasm for sustainability isn’t superficial, and they tend to think critically about brands’ claims.
- Blue Yonder collected responses between Feb. 21-22, 2024, from more than 1,000 U.S.-based consumers, 18 years and older, via a third-party provider for this Consumer Sustainability Survey.
Meet Rise: Quad’s Integrated Media Agency
It’s a unique integration of the full range of media and owned data services, making it a truly new offering in the market.”
- It’s a unique integration of the full range of media and owned data services, making it a truly new offering in the market.”
Building on its strengths in digital strategy, analytics and customer experience, Rise offers expansive media solutions and omnichannel execution as a full-service media agency of record. - “Our simplified positioning as Rise represents a new era for our agency and demonstrates our belief that all media is data-driven and every channel can build brand identity and drive performance," said Larry Fisher, CEO of Rise.
- This enables us to be a media agency of record that’s a true ally to clients while decisively challenging the status quo,” Fisher added.
- Rise, a Quad company, is an award-winning, full-service media agency of record that provides strategic solutions to brands across all industries including retail, consumer packaged goods healthcare and financial services.