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August 30, 2018

How prepared are European banks to comply with MREL?

The estimated MREL deficit for European banks based on three subordination scenarios would be 195 billion euros under the recommendation of the EBA, 301 billion euros according to the compromise text of the Council and 526 billion under a full subordination scenario. Therefore, the subordination requirement will be crucial …

December 14, 2017

International experiences of De-dollarization: What could be done in the Turkish case?

Financial dollarization exposes countries to shocks which can trigger severe financial and economic problems. This note describes a few successful country experiences of de-dollarization. A key lesson is that macroeconomic stability and particularly price stability and low inflation is a pre-condition for starting a success…

June 28, 2017

Interest margins and efficiency. The impact of the crisis across EU countries

On the wake of the financial crisis, European banks undertook an important restructuring effort. This process was steered by the reaction of investors and public authorities, which adopted new regulation and implemented accommodative monetary policy. Despite the European harmonisation, idiosyncratic country factors led to a…

June 28, 2017

Retail or not retail. Have European banks become more retail on the wake of the crisis?

In early 2017, retail banking activities represented 30% of EU banks’ balance sheet. The crisis triggered an increase in the orientation of banks towards their core banking activities. Driven by market forces and new regulation, retail deposits expanded from 22% of the balance sheet to almost 30%.

December 13, 2016

Blockchain in financial services: Regulatory landscape and future challenges

Distributed ledger technologies (DLTs), including blockchains, are increasingly getting a massive interest from established industries. The interest is especially strong among financial services firms, which are starting to see DLTs as a potential driver of huge savings in infrastructure and back-office processes.

November 3, 2015

Global | 2015 G-SIBs list: Three main changes versus 2014 list

The Financial Stability Board (FSB) has updated today the list of global systemically important banks (G-SIBs). There are three significant changes versus the previous list: i) Royal Bank of Scotland changes from the 1.5% bucket to the lowest bucket of 1%; ii) China Construction Bank enters the list for the first time in th…

September 10, 2015

U.S.| Heightened Bond Liquidity Risk is the New Normal

The presentation addresses how the post-financial crisis risk perception, tighter regulations, and the high frequency trading have transformed the dynamics of bond market liquidity.

September 4, 2015

U.S.| Conference Call on Heightened Bond Liquidity Risk

BBVA Research USA would like to invite you to our conference call on Thursday, September 10, at 10am (CDT). The presentation will address how the post-financial crisis risk perception, tighter regulations, and the high frequency trading have transformed the dynamics of bond market liquidity. The call will be followed by a Q…