By Pinelopi K. Goldberg, Tristan Reed Data on global trade as well as capital and labor flows indicate a slowdown, but not reversal, of globalization post the 2008-09 financial crisis. Yet profound changes in the policy environment and public sentiment in the largest economies over the past five years suggest the beginning of a new[…]
The European Banking Authority (EBA) published its Annual Report that sets out the activities and achievements in 2022 and provides an overview of the key priorities for 2023. Link: EBA Annual Report highlights key achievements in 2022
The European Banking Authority (EBA) updated today the list of other systemically important institutions (O-SIIs) in the EU, which, together with global systemically important institutions (G-SIIs), are identified as systemically important by the relevant authorities according to harmonised criteria laid down in the EBA Guidelines. This list is based on year-end-2022 data and includes the[…]
IFC Bulletin, No 58 Proceedings of the 11th Biennial IFC Conference on “Post-pandemic landscape for central bank statistics”, BIS Basel, 25-26 August 2022. Link: Post-pandemic landscape for central bank statistics
By Yiping Huang, Xiang Li, Han Qiu, Changhua Yu By comparing business loans made by a BigTech bank with those made by traditional banks, this study finds that BigTech loans tend to be smaller, and the BigTech lender is more likely to grant credit to new borrowers than traditional banks in response to an expansionary[…]
By Ernest Dautović, Leonardo Gambacorta, Alessio Reghezza The ECB recommended that banks not pay out dividends during the COVID-19 pandemic. This column shows that the recommedation led to increased lending to non-financial corporations, with lending by complying banks around 2.2 percentage points stronger than lending by banks that did not change their plans. The effect[…]
By Paul De Grauwe, Yuemei Ji Since central banks started their fight against inflation, they have transferred massive amounts of their profits to banks. The authors of this column have suggested that minimum reserve requirements are a valid alternative, but they have met fierce resistance because they are seen as introducing distortions and departures from[…]
Published as part of the Financial Stability Review. Changes in the cost and the composition of bank deposits have important implications for banks’ net interest income. This, in turn, affects their retained earnings, capital position, overall resilience and hence their ability to provide credit to the real economy. The ultimate impact of higher policy rates[…]
By Claudia Buch, Linda S. Goldberg, Björn Imbierowicz Recent geopolitical events have raised concerns that markets for goods and services could become more fragmented. Clearly, trade uncertainty has increased. The consequences for financial intermediation of fragmentation and uncertainty are not well understood though. If banks affected by adverse trade events contract lending, the effects of[…]
By Aymo Brunetti The subsidised emergency takeover of Credit Suisse by UBS brings the current global ‘too big to fail’ regime into question. This column argues that an in-depth analysis of the global resolution framework by both regulators and academics is needed. The main question is whether a resolution of a global systemically important bank[…]