ECB

Christine Lagarde: The fight against inflation

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Saturday, June 3, 2023
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Key Points: 

EU structural financial indicators: end of 2022

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Saturday, June 3, 2023
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- PRESS RELEASE

Key Points: 
  • - PRESS RELEASE
    EU structural financial indicators: end of 2022
    1 June 2023
    - Number of bank offices continued to decline in most EU Member States, by 5.39% on average
    - Number of bank employees declined by 1.25% on average
    - Degree of banking sector concentration continues to differ widely across countries
    The European Central Bank (ECB) has updated its dataset of structural financial indicators for the banking sector in the European Union (EU) for the end of 2022.
  • This annual dataset comprises statistics on the number of offices and employees of EU credit institutions, data on banking sector concentration in each EU Member State and data on foreign-controlled institutions operating in the EU.
  • The structural financial indicators show a further decline in the number of bank offices in the EU, averaging 5.39% across Member States.
  • The total number of offices in the EU was 132,871 at the end of 2022, of which 82.8% were located in the euro area.

Key linkages between banks and the non-bank financial sector

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Saturday, June 3, 2023
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Key Points: 

EBA Peer Review finds credit valuation adjustment risk is overall supervised sufficiently and recommends some follow-up measures to further strengthen supervision

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Friday, June 2, 2023
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30 May 2023

Key Points: 
  • 30 May 2023
    The European Banking Authority (EBA) published today its Peer Review on excluding transactions with non-financial counterparties established in a third country from credit valuation adjustment (CVA) risk.
  • The Review found that the competent authorities targeted in this review assessed CVA risk sufficiently although some elements of such an assessment were missing.
  • For that, the EBA has adopted follow-up measures for competent authorities which it will review in two years’ time.
  • The peer review has been performed by an ad hoc Peer Review Committee of EBA and competent authorities’ staff in accordance with the EBA peer review work plan for 2022-2023 and following the process in Article 30 of the EBA Regulation and the EBA peer review methodology.

Meet the EU's answer to crypto: the e-euro

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Thursday, June 1, 2023
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Countries such as Sweden, China, and India have establish pilot digital currencies – respectively, the e-krona, e-yuan and e-rupee – via their central banks.

Key Points: 
  • Countries such as Sweden, China, and India have establish pilot digital currencies – respectively, the e-krona, e-yuan and e-rupee – via their central banks.
  • In the finance sector, these are known as central bank digital currencies (CBDCs).
  • In Sweden, the goal is to investigate the potential transition from banknotes to a digital currency, and the e-krona remains in the starting blocks.
  • Along the same lines, the European Union is currently toying with the idea of launching its own digital currency, the e-euro.

The case in favour


    The 1 million euro question is why is the ECB would consider a digital currency. While we all have a centuries-long familiarity with physical currencies, digital ones have some advantages:

Where a digital currency leaves central and commercial banks


    Given the potential advantages of central bank digital currencies, what is holding countries back? Everything depends on how CBDCs are be designed and implemented, and some challenges that might overshadow any potential.
    So is the e-euro something that we need or want? This depends on how it will be designed and regulated. For this particular venture, given the complexity of EU regulation, the devil is in the details.

EQS-News: Deutsche Konsum REIT-AG prepares for strong growth and repositions itself

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Thursday, June 1, 2023
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The Company considers the current situation on the real estate market to be exciting and full of opportunities and derives positive growth prospects for itself from this.

Key Points: 
  • The Company considers the current situation on the real estate market to be exciting and full of opportunities and derives positive growth prospects for itself from this.
  • The Company expects this trend to intensify further, especially towards the end of 2023, and derives strong growth opportunities through a significant purchase volume from this.
  • After careful consideration, the Management Board has come to the conclusion that in the current situation it is necessary to maintain the highest possible level of liquidity.
  • The Company will shortly convene the 2023 Annual General Meeting, which will take place in Berlin on 13 July 2023.

EQS-News: Jens Weidmann new Chairman of Commerzbank’s Supervisory Board

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Thursday, June 1, 2023
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Jens Weidmann: “Thanks to the transformation progress, Commerzbank is again in a good position to help shape the economic future of Germany.”

Key Points: 
  • Jens Weidmann: “Thanks to the transformation progress, Commerzbank is again in a good position to help shape the economic future of Germany.”
    Jens Weidmann is the new Chairman of the Supervisory Board of Commerzbank.
  • Following today’s Annual General Meeting (AGM), the Supervisory Board unanimously elected the former President of Deutsche Bundesbank as successor to Helmut Gottschalk.
  • “I'm looking forward to the important task of accompanying Commerzbank on its way ahead in my role as Chairman of the Supervisory Board.
  • I would like to thank the shareholders and the Supervisory Board for their trust,” said Jens Weidmann.

Jens Weidmann new Chairman of Commerzbank’s Supervisory Board

Retrieved on: 
Thursday, June 1, 2023
Deutsche Bundesbank, KNOF, European Central Bank, Executive officer, Speech, AGM-154 Joint Standoff Weapon, Tier 1, Board of Management St. Molaga's National School v The Secretary General of the Department of Education and Science, Supervisory board, AGM, Robin, Commerzbank, Central bank, Management, Share repurchase, National Executive Board of the Boy Scouts of America, Trust, ECB, Supervision, Chief financial officer, Personality, Bank, Security (finance), Property management, Holding company, Mittelstand

Jens Weidmann: “Thanks to the transformation progress, Commerzbank is again in a good position to help shape the economic future of Germany.”

Key Points: 
  • Jens Weidmann: “Thanks to the transformation progress, Commerzbank is again in a good position to help shape the economic future of Germany.”
    Jens Weidmann is the new Chairman of the Supervisory Board of Commerzbank.
  • Following today’s Annual General Meeting (AGM), the Supervisory Board unanimously elected the former President of Deutsche Bundesbank as successor to Helmut Gottschalk.
  • “I'm looking forward to the important task of accompanying Commerzbank on its way ahead in my role as Chairman of the Supervisory Board.
  • I would like to thank the shareholders and the Supervisory Board for their trust,” said Jens Weidmann.