So, no festive cheer from the ECB today. Simply a dose of downgraded economic forecasts, which might be even worse once the slide in the oil price feeds through to consumers. As president Draghi heads off to swap presents and cards with the rest of the governing council (a lump of coal for Jens [...]
European Central Bank President Mario Draghi threw the door wide open on Friday for more drastic measures to prevent the euro zone from sliding into deflation, promising to use whatever means necessary as China also acted to boost its sagging economic growth. With many fearing the euro zone could be heading for a Japanese-style [...]
The president of the European Central Bank (ECB), Mario Draghi, says the bank stands ready to give the eurozone further economic stimulus "should it become necessary". The comments boosted shares in Europe. It also prompted a fall for the euro, with analysts increasingly braced for more dramatic stimulus measures. The bank began an asset purchase programme [...]
Regulatory demands are depressing banking profitability in Britain. Having successfully passed the European Banking Authorty's stress tests on October 26th, several British banks announced their quarterly results this week. Their home country's booming economy might have been expected to have produced large profits for them. But the picture was in fact much more mixed. [...]
Key results of comprehensive assessment of 130 largest euro area banks: Capital shortfall of €25 billion detected at 25 participant banks Banks’ asset values need to be adjusted by €48 billion, €37 billion of which did not generate capital shortfall Shortfall of €25 billion and asset value adjustment of €37 billion implies overall impact [...]
Basel lll, on track to be implemented globally over the coming year, intends on enhancing the banking regulatory framework by strengthening bank capital requirements. Overall, Islamic banks appear to be capable of withstanding the regulatory realignments, yet they will need to address particularities within the new standards as they may cause adverse effects on [...]
For the second consecutive year, BRSANALYTICS and partners Synergy Software Systems will be exhibiting from Stand D7-10 at Gitex Technology Week in Dubai between the 12th and 16th October. Originally launched in 1981, the annual GITEX technology conference and exhibition has steadily and consistently gained a reputation for bringing together some of the industry’s [...]
26th June 2014, Brussels: The European Banking Authority (EBA) has just released a consultation paper pertaining to the sequential approach of the Internal Ratings-Based (IRB) approach to capital requirements for credit risk. This paper also covers the limited permanent use under the Standardised Approach (SA) (Articles 148 (6), 150 (3) and 152 (5) of [...]
Press Release by H.E. the Governor of the Central Bank of Kuwait Regarding Implementation of the Instructions of Basel III Capital Adequacy Standard in its Final Format to All Local Banks (24/6/2014) His Excellency, the Governor of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel, stated that the CBK’s Board of Directors [...]
The Basel Committee regularly publishes papers - on the way Basel is implemented within the various member jurisdictions across the globe. This implementation looks at Basel II,largely concentrated around the improvement of Credit Risk, Operational Risk, Pillar 2 Supervisory and Pillar 3 Disclosures, Basel II.5,pertaining mostly to Securitisation and Trading Book Exposures, and Basel [...]