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Top related persons:
Milano Finanza - 2 Andrea Enria - 2 Enria - 2 Intesa - 2 Francesca Landini - 2 Clelia - 2
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Italy
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MILAN - 2 European Central Bank - 2 ECB - 2 Thomson - 2

Search resuls for: "Milano Finanza"


5 mentions found


☆ ECB to ask banks to provide weekly liquidity data to monitor their health, supervisory chief says
  + stars: | 2023-07-22 | by ( ) www.reuters.com   time to read: +1 min
MILAN, July 22 (Reuters) - The European Central Bank (ECB) will ask banks to provide weekly liquidity data from September so that it can carry out more frequent checks on their ability to ward off potential shocks as interest rates rise, the ECB supervisory chief said on Saturday. In an interview published by Milano Finanza, Andrea Enria said that European banks were stronger than before but that financial markets were still in a "delicate phase" due to the Ukrainian war, higher inflation and fast-rising interest rates. All these factors can increase liquidity and funding risks, Enria said, adding that the ECB would be very focused on this in the stress tests and other supervisory processes underway. "We have decided to send banks, starting in September, a request for information on a weekly basis, in order to have fresher data that will allow us to better monitor liquidity developments," Enria said. Currently banks are required to provide liquidity information to the ECB on a monthly basis.
Persons: Milano Finanza, Andrea Enria, Enria, Intesa, Francesca Landini, Clelia Organizations: MILAN, European Central Bank, ECB, Thomson Locations: Italy
☆ ECB to ask banks to provide weekly liquidity data to monitor their health - Enria
  + stars: | 2023-07-22 | by ( ) www.reuters.com   time to read: +1 min
MILAN, July 22 (Reuters) - The European Central Bank (ECB) will ask banks to provide weekly liquidity data from September so that it can carry out more frequent checks on their ability to ward off potential shocks as interest rates rise, the ECB supervisory chief said on Saturday. In an interview published by Milano Finanza, Andrea Enria said that European banks were stronger than before but that financial markets were still in a "delicate phase" due to the Ukrainian war, higher inflation and fast-rising interest rates. All these factors can increase liquidity and funding risks, Enria said, adding that the ECB would be very focused on this in the stress tests and other supervisory processes underway. "We have decided to send banks, starting in September, a request for information on a weekly basis, in order to have fresher data that will allow us to better monitor liquidity developments," Enria said. Currently banks are required to provide liquidity information to the ECB on a monthly basis.
Persons: Milano Finanza, Andrea Enria, Enria, Intesa, Francesca Landini, Clelia Organizations: MILAN, European Central Bank, ECB, Thomson Locations: Italy
☆ Sale of Italy's MPS should help create several big banks, says Meloni
  + stars: | 2023-04-22 | by ( ) www.reuters.com   time to read: +2 min
Monte dei Paschi (MPS), of which the government owns 64% following a 2017 bailout, is seen playing a pivotal role in the consolidation expected among Italy's mid-sized lenders. After failing to clinch a sale of MPS to UniCredit (CRDI.MI) in 2021, the government is expected to seek another bank interested in buying its stake in the Tuscan lender. The government has just decided to renew Luigi Lovaglio's mandate as MPS chief executive for another term. We confirmed Lovaglio at the helm of Monte dei Paschi, the CEO successfully led the last capital increase, and now we must work to bring Monte back to the private market," Meloni said. "The government will not intervene, it is alert to check that there are no situations that jeopardise the national interest," Meloni told the newspaper.
☆ Gold struggles for momentum as investors await further Fed cues
  + stars: | 2022-12-07 | by ( ) www.cnbc.com   time to read: +1 min
One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Gold prices struggled for momentum in early Asian trade on Wednesday as investors looked to next week's U.S. Federal Reserve policy meeting for clues on the pace of rate hikes. U.S. gold futures were flat at $1,783.10. Fed fund futures are now pricing in a 91% chance of 50-basis point (bps) rate increase in the December meeting. SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings rose 0.3% to 906.06 tons on Tuesday.
☆ ECB needs more rate hikes but inflation close to peak, chief economist says
  + stars: | 2022-12-06 | by ( ) www.reuters.com   time to read: +2 min
FRANKFURT, Dec 6 (Reuters) - The European Central Bank will have to raise interest rates several more times to tame price pressures, even if headline inflation is now close to its peak, ECB chief economist Philip Lane told the Milano Finanza. "We do expect that more rate increases will be necessary, but a lot has been done already," the paper quoted Lane as saying on Tuesday. "I would be reasonably confident in saying that it is likely we are close to peak inflation." Lane did not explicitly endorse a 50 bps move over a bigger increase but repeated his case for a slowdown. "Given the significant increase in (natural gas) prices, I don’t rule out some extra inflation early next year," Lane said.
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