David Murano

Cooperative banking, green finance, ESG, risk analysis, economic history, beautiful Barcelona, ancient world... Comments are personal

[David Murano @dmurano]

We know different people in business/law/etc, good management today recognizes that people are driven by different motivations, and that they can change

[Emanuel Derman @emanuelderman.bsky @EmanuelDerman]

Some people I know in business/law/etc can't grasp the sometimes foolish (but maybe good) romanticness about trying to be, say, a physicist, or another kind of academic. They think it's a practical decision, not a calling, but sometimes it is. They can't conceive of callings.

[Alexandre Blaineau @AlBlaineau]

Ce moment fut sublime. Quelle sensibilité dans l’interprétation, comme une forme de recueillement. Je ne me lasse pas de l’écouter encore

[Olivier Blanchard @ojblanchard1]

A very important speech by Mark Carney (17 minutes well spent if you have the time to listen). Open eyed, with a concrete, positive, strategy for what he calls the "middle countries" in a world of hegemons. Feels good to hear.

[António Guterres @antonioguterres]

There is a persistent myth that peace is naïve.

That the only ‘real’ politics is the politics of self-interest & force.

But the founders of the @UN were not untouched by reality.

They had seen war & they knew:

Peace, justice & equality are the most courageous, the most practical, the most necessary pursuits of all.

[Federal Reserve @federalreserve]

Video message from Federal Reserve Chair Jerome H. Powell: https://t.co/5dfrkByGyX

[David Murano @dmurano]

It is unacceptable to ban NGOs like Medecins Sans Frontières. It’s mad!

[FRANCE 24 Français @France24_fr]

Israël menace de suspendre l'accès de plus de trente ONG internationales à Gaza
➡️ https://t.co/tDYHb6ENeN

[David Murano @dmurano]

Cycling to the Extraordinary General Meeting of Caixa Enginyers in Barcelona’s Auditori

[David Murano @dmurano]

Making history

[Archbishop of Canterbury @ArchbishopSarah]

Hello, my name is Bishop Sarah Mullally.

I'm deeply honoured to have been called to serve as the 106th Archbishop of Canterbury.

https://t.co/2FIJRUADZk

[David Murano @dmurano]

Only 1 out of 330 South Korean skilled workers stays in the US. Who will build semiconductor plants? 🤔
Trump offered to let detained Korean workers stay in US, but almost all heading home https://t.co/8WyB8wzC86

[David Murano @dmurano]

Unexpected consequences of Trump’s erratic trade policy: Good news for European companies that have struggled in the past to access the bond market.

[Financial Times @FT]

European junk bond sales hit record as investors cut US exposure https://t.co/6EjbYwBV94

[David Murano @dmurano]

Remaining cool-headed and focused on the big picture is essential to avoid escalation and to set the tone for what will likely be a lengthy negotiating process

[Ursula von der Leyen @vonderleyen]

Europe is ready to negotiate with the US.

We have offered zero-for-zero tariffs for industrial goods.

Because we're always ready for a good deal.

But we’re also prepared to respond with countermeasures.

And protect ourselves against indirect effects through trade diversion.

[David Murano @dmurano]

The way these tariffs are calculated is inflationary for USA: completely counter to Ricardo’s comparative advantage. Tariffs are higher on countries with which the US has a larger trade deficit, even though, in many cases, the structural competitive disadvantages cannot be solved

[FT Economics @fteconomics]

Sector by sector: the Trump tariff fallout https://t.co/3cRooUdvKO

[David Murano @dmurano]

@AndreasSteno It is simply a symptom that this U.S. administration has lost credibility and, therefore, power

[David Murano @dmurano]

@BrankoMilan China is the world’s largest manufacturing nation and largest exporter, so one would expect that imports are a large percentage of their GDP. When it comes to tariffs, the USA is the world’s largest consumer market, representing 69% of its GDP compared to 51% for China

[David Murano @dmurano]

Even if there is no trade war, unlikely as it might be, it seems that the US is in a path that will weaken good governance, eroding institutional trust and affecting market confidence. It might take a while, but the lessons of history for these sort of cases are clear.

[Peterson Institute @PIIE]

Even if there is no trade war with the US, the EU should continue concluding trade deals with other partners & diversify its network of allies. https://t.co/aZ9GJCiU6F

[David Murano @dmurano]

An abbreviated view of my European banking year: CRR III, CRDIV, NSFR, LCR, HQLA, DORA, CET1, OCR, TSCR, P2R, P2G, CMDI, DGS, IRRBB, CSRBB, MREL, TLAC, BRRD 2, IBSRM, SREP, EBA, ESRB, GDPR, CCyB, SFDR, MIFID, AI Act, AMLD6, and more to come in 2025.

[David Murano @dmurano]

@MacroAlf US GDP has been growing above 2.5% in 2023 and 2024 (estimate), and these guys have thought that by announcing freak policies Americans will notice. The issue is why our societies, Europe included, have become so ideologically-biased and immature when it comes to the economy.

[EACB @EACB_News]

Marco Mancino @MarcoMeacb “Coopbanks are key actors in financing the growth of the EU and are by nature very close to the local communities” [more info on our sector ➡️ https://t.co/gm8S0d8O2T ]

[David Murano @dmurano]

Quan es du la paraula al cor, de vegades hi ha qui se n’adona; bon jurat i bona tria

[Cultura Diputació Barcelona @CulturaDIBA]

El diputat de Cultura @paugv87 llegeix el veredicte del jurat del 40è Premi de Poesia Miquel Martí i Pol que és per a Josep Temporal i Oleart i el recull de poemes "El bes natalici:una meditació sobre el temps".

Enhorabona a tots els premiats i premiades dels guardons de la @fundaciommp que compta amb el suport de la @diba per a la difusió del llegat del poeta de @RodadeTer.

[David Murano @dmurano]

Morning run through Barcelona’s old quarter.