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The European Central Bank’s Influence on Trading
The European Central Bank (ECB) is the central bank responsible for the monetary policy of the European Union member countries that have adopted the euro currency. Established in 1998, the ECB’s primary objective is to maintain price stability within the Eurozone and safeguard the financial system. In addition to its monetary policy responsibilities, the ECB also influences trading activities across various markets in Europe. This article will explore the impact of the ECB on trading and highlight its significance for market participants. The European Central Bank implements monetary policy to maintain price ... (full story)
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- From federalreserve.gov|Jul 10, 2023
Thank you to the Bipartisan Policy Center for the opportunity to speak today. I'm here to report on my holistic review of capital for large banks and to outline steps that I believe are appropriate to update our capital standards so that banks can continue to serve our communities, households, and businesses.1 The review was a top priority because capital is fundamental to safety and soundness. I approached the task with humility. We need to be skeptical about the ability of bank managers or regulators to anticipate all emerging risks. Events over the past few months have only reinforced the need for humility and skepticism, and for an approach that makes banks resilient to both familiar and unanticipated risks. Our dynamic financial system is complex and constantly evolving. Regulators and bank managers are limited in our ability to comprehensively identify risks and to measure them. We cannot fully appreciate how a specific vulnerability can interact with other vulnerabilities to amplify and propagate risk in the face of a shock, or multiple shocks. It is extremely difficult to identify shocks in advance. And we also cannot fully predict how firms and markets adapt to changes in the environment or to the behavior of regulators or other participants. So, instead of trying to design rules to address every conceivable risk, regulators must focus broadly on resilience—ensuring that banks and the financial system can withstand challenges, wherever they emerge and however they are transmitted through the system. Fortunately, there is a component of bank funding—equity capital—that is well s post at 10:06am: FED'S BARR SAYS HE IS NOT CONSIDERING FUNDAMENTAL CHANGES TO GLOBAL SYSTEMIC BANK SURCHARGE OR COUNTERCYCLICAL CAPITAL BUFFER FED'S BARR SAYS BANKS NEEDING TO RAISE CAPITAL COULD DO SO IN LESS THAN TWO YEARS WITH RETAINED EARNINGS, WHILE MAINTAINING DIVIDENDS post at 10:06am: FED'S BARR SAYS MOST BANKS ALREADY HAVE ENOUGH CAPITAL TO MEET PROPOSED NEW REQUIREMENTS post at 10:05am: Fed's Barr: -New rules will mean biggest banks need extra $2 of capital for every $100 of risk-weighted assets -Extending enhanced capital standards to banks with $100b in assets, down from $700b threshold - WSJ.
- From channelnewsasia.com|Jul 10, 2023
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- From newyorkfed.org|Jul 10, 2023
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- Posted: Jul 10, 2023 9:55am
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