Adam

Forbes: the wealth of the richest Ukrainians has almost been reduced to half since the beginning of the Russian intervention

The combined wealth of the richest Ukrainians has almost been reduced to half, by more than 20 billion dollars, to 22.5 billion dollars, since the beginning of the Russian intervention in February, according to the Ukrainian edition of Forbes magazine.

ECB reviews its risk control framework for credit operations

Haircut schedules for assets used as collateral in monetary policy operations to be updated with effect from 29 June 2023 Measures aim to ensure adequate level of risk protection, improve consistency of framework and enhance risk equivalence of assets, while ensuring collateral availability Measures based on ECB’s pre-pandemic risk tolerance levels for credit operations

Cash remains the most frequently used means of payment in stores but electronic payments grow further, ECB study shows

Cash still used for most consumer payments, but share declines further Share of electronic payments grows further, including day-to-day online purchases Consumers prefer electronic payment methods, but value having cash as an option

Euro area monthly balance of payments: October 2022

Current account recorded €0.4 billion deficit in October 2022, narrowing from €8 billion in previous month Current account recorded deficit of €59 billion (0.5% of euro area GDP) in 12 months to October 2022, after surplus of €318 billion (2.6%) one year earlier In financial account, euro area residents’ net sales of non-euro area portfolio investment securities totalled […]