2020-09-18 - SNB Working Papers - Exploring BIS credit-to-GDP gap critiques: the Swiss case

2020-09-18 - SNB Working Papers - Exploring BIS credit-to-GDP gap critiques: the Swiss case

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News story: Nearly a million workers used flexible furlough in July

number of workers in retail on furlough halved from the start of the pandemic from 1 . 85 million to 789,000 . stats also show construction sector received more than £2 billion in support with SEISS grants for self-employed workers Nearly a million workers returned to their jobs part-time in the first month flexible furlough was introduced, statistics published today show . Flexible furlough began on the 1st July - giving businesses the flexibility to bring employees back part-time, with ...

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The Banco de España publishes the primary public financial statements of credit institutions

Communication Department PRESS RELEASE Madrid, 18 September 2020 The Banco de España publishes the primary public financial statements of credit institutions The Banco de España is commencing publication on a quarterly basis, of the individual and consolidated primary public financial statements of credit institutions, entity by entity, in accordance with the provisions of Circular 2/2020, of 11 June 2020 . This Circular, which, inter alia, amends Rules 4 and 5 of Circular 4...

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Christine Lagarde: Interview with Challenges

INTERVIEWInterview with ChallengesInterview with Christine Lagarde, President of the ECB, conducted by Jean-Pierre de La Rocque18 September 2020 When you spoke at the Council on Foreign Relations in December 2018, you stated that gender parity in the workplace is a “revolutionary process” that must be achieved through the use of incentives, such as corporate or government quotas . Do you think that this “revolutionary” process is now a reality in most of the major institutions, businesses and go...

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Isabel Schnabel: Unequal scars – distributional consequences of the pandemic

SPEECHUnequal scars – distributional consequences of the pandemicSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at the panel discussion “Verteilung der Lasten der Pandemie” (“Sharing the burden of the pandemic”), Deutscher Juristentag 2020Frankfurt am Main, 18 September 2020 The coronavirus (COVD-19) pandemic is the most severe crisis in post-war history . [1] It threatens the health of the population, poses enormous challenges to the healthcare system and is causing signif...

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Coronavirus: Federal Council adopts dispatch on new Joint and Several Guarantee Act

The Federal Council Bern, 18 . 09 . 2020 - During its meeting on 18 September 2020, the Federal Council adopted the dispatch on the new COVID 19 Joint and Several Guarantee Act . This aims to incorporate the COVID 19 Joint and Several Guarantee Ordinance into ordinary law . The Joint and Several Guarantee Ordinance is an emergency ordinance that applies only until 25 September 2020 . However, as it will take many more years for the credits to b...

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New Economic Studies Portal

The objective of the new portal is the dissemination of the main results of economic studies in an agile and accessible way to the general public, but without losing the thoroughness of the working documents and publications that nurture it.  The portal allows access to original research documents and support material such as videos, presentations and data. It also allows you to view articles related to the topic and identify other works of the authors and their co-authors, thus promoting a b...

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Corporate report: The Crown Estate Office annual report and financial statements 2019 to 2020

Under the Crown Estate Act 1961 (schedule 1 paragraph 5) monies are provided by Parliament (Supply Finance) towards the cost of the Commissioners’ salaries and the expense of their office . The Crown Estate Office accounts only include transactions in relation to these costs . the Resource outturn of £2,365,000 is restricted to and matches the supply estimate for 2019-20 for Annually Managed Expenditure and is unchanged from that of 2018-19 . The complete transactions and operations of The C...

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Corporate report: The Crown Estate annual report and accounts 2019 to 2020

This is the organisation’s eighth integrated report – a concise communication about how the organisation has created value in the short, medium and long term . The document provides information for stakeholders to assess its performance, business model and strategy .

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Federal Reserve Board releases hypothetical scenarios for second round of bank stress tests

The Federal Reserve Board on Thursday released its hypothetical scenarios for a second round of bank stress tests . Earlier this year, the Board's first round of stress tests found that large banks were well capitalized under a range of hypothetical events . An additional round of stress tests is being performed due to the continued uncertainty from the COVID event . Large banks will be tested against two scenarios featuring severe recessions to assess their resiliency under a range ...

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