Category: finance
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ESRB Urges Reciprocation of Norwegian Capital Requirements for Banks to Enhance Financial Stability and Level Playing Field
The European Systemic Risk Board (ESRB) has recommended that other European Economic Area (EEA) states reciprocate Norway’s capital requirements for banks. This pertains to the systemic risk buffer requirement and temporary risk weight floors for real estate exposures. Norway had increased its systemic risk buffer requirement from 3.0 to 4.5 percent in December 2019, and…
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Insights from Japanese Family Budget Data: Stable Consumption, Significant Expenses, and Seasonal Patterns Average of Monthly Receipts and Disbursements per Household
In conclusion, the data highlights trends and patterns in household expenditures, including stability in food expenditures, income disparities in spending patterns, the significance of housing and transportation expenses, discretionary spending on non-essential items, and the impact of external factors on spending behavior. Understanding these trends can help policymakers, researchers, and stakeholders develop strategies to promote…
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Insights from Japanese Family Budget Data: Stable Consumption, Significant Expenses, and Seasonal Patterns
Based on the data provided in the table on family budgets in Japan, some possible conclusions that can be drawn include: Overall, the data provides insights into the spending patterns and trends of family budgets in Japan, which can be useful for understanding consumer behavior, economic analysis, and financial planning. However, it’s important to note…
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Danish Banks Tighten Credit Standards and Experience Lower Loan Demand in Q1 2023, Primarily Due to Housing Market Slowdown
According to Danmarks Nationalbank’s lending survey for the first quarter of 2023, 8 out of 15 banks have tightened credit standards for private customers. This tightening comes at a time when many banks are experiencing lower demand for loans from existing private customers, primarily due to a slowdown in housing transactions. Some banks have raised…
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Olli Rehn Elected First Vice-Chair of European Systemic Risk Board, Brings Extensive Experience to Oversee Financial Stability in the EU
Olli Rehn, Governor of Suomen Pankki – Finlands Bank, has been elected as First Vice-Chair of the European Systemic Risk Board (ESRB) for a term of five years. He will replace Stefan Ingves after the end of Ingves’ term as Governor of Sveriges Riksbank. The ESRB, an independent EU body responsible for overseeing the stability…
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Household Consumption in Sweden Decreased in February 2023
According to Statistics Sweden’s latest monthly indicator, household consumption decreased by 0.5% in February 2023 compared to January 2023, measured in seasonally adjusted figures. When compared to February 2022, household consumption decreased by 1.4% in fixed prices and working day adjusted figures. In the last three-month period, consumption decreased by 0.7% in fixed prices and…
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Riksbank’s E-Krona Pilot Explores Public Access to Digital Central Bank Money and Cross-Border Payments
The Riksbank, Sweden’s central bank, has released its third report on the e-krona pilot project, which aims to explore the possibility of issuing digital central bank money. The focus of this phase of the pilot has been to examine how the Riksbank could interact with other payment market actors to give the public access to…