by Luis de Guindos Speech by Luis de Guindos, Vice-President of the ECB, at the High-level conference on “Strengthening the EU’s bank crisis management and deposit insurance framework: for a more resilient and efficient banking union” organised by the European Commission. Link: Banking union: achievements and challenges
By. Boštjan Jazbec There is no doubt that 2020 was a milestone year in many people’s lives. At the SRB, 2020 also saw us hit two major milestones from a resolution planning perspective. […] Link: Making good progress on resolvability
By Iñaki Aldasoro, Egemen Eren, and Wenqian Huang Non-US banks’ on-balance sheet dollar liabilities rose in 2020 despite the decline in funding from US and offshore money market funds (MMFs). Other non-bank financial institutions were behind this increase, as they drove the strong rise in deposits booked inside and outside the United States. Non-US banks’[…]
By John H. Cochrane This is a testimony concerning financial regulation in the context of climate change, presented to the US Senate Committee on Banking, Housing, and Urban Affairs. It was posted on Cochrane’s Blog “The Grumpy Economist”. Link: Testimony on financial regulation and climate change
By Thorsten Beck, Elena Carletti, and Brunella Bruno The combined effect of the measures implemented to maintain banks’ ability to provide funds during the Covid crisis was to create a virtuous circle between corporates, banks, and sovereigns, avoiding a funding crunch for either and keeping risk premiums at deflated levels. However, it also created the[…]
By Claudia M. Buch, Matthieu Bussière, and Linda S. Goldberg While policymakers around the world have aggressively and swiftly reacted to the common negative economic shock from COVID-19, the timing and forms of policy responses in the economic recovery stage may be more geographically differentiated. The range in policy responses, along with variations in the[…]
by Luis de Guindos, Vice-President of the ECB Climate change is one of the greatest challenges facing humankind this century. If left unchecked, it is likely to result in more frequent and more severe climate events, causing widespread devastation and economic disruption. Substantial changes in our production, consumption and living habits are required if the[…]
What factors drive the performance of national asset management companies? By Emilios Avguleas, Rym Ayadi, Marco Bodellini, Barbara Casu, Willem Pieter de Groen and Giovanni Ferr In the past decade, asset management companies (AMCs) have been an effective tool for relieving banks of large portfolios of non-performing loans (NPLs). Managed over time, AMCs can reduce[…]