Group news / Amundi supports the Regional Banks in the management of their equity

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Wednesday 20 March 2024

Amundi supports the Regional Banks in the management of their equity

Amundi is expanding its dedicated offering for Regional Banks to include the financial management of their equity through the launch of the Amundi Inflow fund. Launched in mid-February 2024, this product has already seen inflows of €3.2 billion from 19 Regional Banks.

The fund has been created to meet the cash management requirements of financial institutions. It offers attractive yields that outperform the European Central Bank’s deposit rates. It also offers very low volatility in terms of investment. Key selling points for Finance Divisions and Regional Banks seeking prudent asset management.

Furthermore, the Amundi Inflow fund is helping to improve the Liquidity Coverage Ratio (LCR*) of the Regional Banks, providing investors with effective liquidity management and compliance with regulatory requirements.

This dedicated investment solution supplements Amundi's existing services regarding the financial management of Regional Banks’ equity and strengthens the long-standing relationships between these Group entities.

* The LCR ratio measures whether or not a bank has a sufficient level of liquidity to cope with short-term periods of financial stress.

Fifteen Regional Banks and subsidiaries* are gathering today and tomorrow for the 2^nd national meeting of Banque Privée du Dirigeant managers, taking place in the refurbished premises of the Centre-est Regional Bank’s Banque Privée in Lyon. The aim of these meetings is to share the different models and perspectives of Banque Privée du Dirigeant which seeks to conquer the business leaders’ personal assets market, increase the Group's market share in this sector, develop outstandings and improve the executives CRI score.

* Indosuez, Amundi, Premundi, Carvest, Calie.

On your marks, get set, go! The Course du Cœur starts today, 20 March, for 17 CA-GIP employees. They have one goal: to cover the 750 km between Paris and Bourg-Saint-Maurice in four days and four nights to raise awareness of organ and tissue donation. What a great opportunity for the CA-GIP Communications team to also raise customer awareness by organising events at the branches located along the race route. Click below to find out how to follow the participants and show your support.

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In the context of raising awareness of sustainable IT issues, on 12 March at FNCA, CA Technologies & Services held a day of reflection regarding the construction of a support system for the Regional Banks. Multiple topics were covered including accessibility and the environmental impact of digital technology, inclusion, peripheral IT, eco-friendly design, data steering, onboarding and awareness raising. After the conferences and workshops had finished, the 90 attendees from all over France came away with a clear and concrete overview of initiatives to be put in place.

PODCAST

How do Compliance teams help build a more responsible world? In the 5^th episode of the compliance podcast series “Et si on vous parlait en toute simplicité”, Stéphanie Ortlieb, Head of ESG, Conduct and Anti-Corruption within the Crédit Agricole S.A. Group Compliance Division, and Benjamin Morizet, Head of the Regulatory Compliance Department at LCL, explain the role of Compliance teams in the energy transition and in helping customers to understand the sustainable financial products offered by the Group.

Listen

Valérie Wanquet

Valérie Wanquet, current Deputy CEO of Crédit Agricole Consumer Finance in charge of International, Insurance, Finance and Legal, has been appointed Chief Executive Officer of Crédit Agricole Immobilier from 8 April. She will report to Jérôme Grivet, Deputy CEO of Crédit Agricole S.A., in charge of Steering and Control functions.

International Day of Happiness

20 March was proclaimed International Day of Happiness in 2012 by a resolution of the General Assembly of the United Nations on a proposal from Bhutan which, since the 1970s, has prioritised the gross national happiness index over the GDP. So what better time to publish a report on happiness and an indicator that takes into account the GDP per capita, social support, healthy life expectancy, generosity and even the perceived level of corruption. In 2023, Finland scored highest on the index, ahead of Denmark and Norway. This year’s ranking is published today by the United Nations.

4^th largest criminal activity

The illegal sale of wild species, crimes related to fishing and forestry, illegal dumping of waste including chemicals, smuggling of ozone-depleting substances and illegal mining are some of the various types of environmental crime on the list recently extended by the European Parliament. They are among the main sources of financing for organised crime, after drug, arms and human trafficking. These low-risk crimes are growing by 5-7% per year and bring in between $110 and $281 billion annually. Fines for companies committing these crimes can now be as high as €40 million.

Source: European Parliament