Tatiana Alonso
Tatiana Alonso

- Monitoring and study of the international financial regulatory agenda, with special focus on financial stability, macroprudential policies, supervision, banking union, state aid and financial taxation among other issues.

- Assessment of new regulatory proposals and their impact over the economy and the financial systems

- Support and coordination of regulatory issues among different BBVA sub-units.

Latest publications

This month we focus on: Basel reviews the standardised approach for credit risk, FSB's financial reform agenda, Mexico’s RCAP Review, the Single Resolution Board’s kick-off, the IMF Financial Stability Report and ECB annual report on supervisory activities.
Banking union is a milestone in the European project. It has chiefly helped to stop fragmentation but will not be able to break the sovereign-bank doom loop until it can rely on a robust safety net. Advancing towards a complete banking union should be a priority for EU leaders but this will require advances in the fiscal union front too.
The European Commission presented yesterday a Green Paper on building a Capital Markets Union by 2019. The goal of this new flagship initiative is to develop deeper and broader EU capital markets to provide Europe with the financial muscle it needs to grow competitively in the global economy. The project will be developed under a multipronged strategy covering several capital market segments, from securitizations and covered bonds, to private placements and long term finance. It will also include some cross-sector measures. The proposed approach will promote market-driven initiatives in order to minimize the scope for new regulation, and highlights the critical role of banks in capital markets. The Consultation is open until May 13 and an action plan will follow in the second half of 2015.