Saturday, November 18 2017 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia
Updated: 3 hours 39 min ago
1. Introduction: why and how we use Big Data; 2.Geopolitical and social analysis; 3.The geography and the digital transformation
Highlights: Council endorsed agreement on creditor hierarchy, IFRS 9 and large exposure. EC consulted on backstops for insufficient NPL provisions. ECB issued opinions on the current regulatory reform. EBA published implementation report on O-SIIs, and on internal models’ consistency. ESMA published final report on MMF regulation. BdE consulted on PAC and PAL guidelines.
Some voices are defending the need for further consolidation as a way of fixing the problems remaining in the European banking system. While further consolidation has some advantages, it also implies some drawbacks and costs. This paper discusses the implications of consolidation for financial stability, solvency, efficiency, competition, digitalization and systemic risk.
The Spanish economy will grow 3.1% in 2017 and 2.5% in 2018, two and three tenths less than what was estimated in July, in an environment of greater economic policy uncertainty. However, the positive inertia in activity data, the favorable international environment and the monetary policy will continue to favor growth. The adoption of reforms is indispensable.
The world financial system faces lesser risks, but vulnerabilities and regulatory challenges persist. In September house prices rose less than inflation. Negative differentiation of domestic assets due to uncertainty caused by the renegotiation of NAFTA. Adjustments to the risk diversification rule.
This presentation touches various issues: evolution of bilateral trade and investment, LatAm’s export dependency on China, China’s OFDI and financial influence in LatAm and existing critiques on China’s role in LatAms and new opportunities.
CBDCs are Central Bank-issued instruments that combine cryptography and DLTs to achieve four possible goals: improve interbank settlement, digitize cash to improve efficiency in payments, develop a new monetary policy tool to overcome zero-bound interest rates and increase surveillance and reduce financial system instability.
The economy of Madrid grew by 3.7% in 2016. It will also keep growing by 3.4% in 2017 and by 2.7% in 2018. This will add around 175,000 new jobs in that period and unemployment shall drop to 10.5%. Although GDP and GDP per capita have already recovered pre-crisis levels, creating more and better jobs remain important challenges better jobs remain important challenges.
We have developed a China Vulnerability Sentiment Index using Big Data. The CVSI index allows us to track the 4 different vulnerability components: SOEs, Shadow Banking, Housing Bubble & FX speculative.
The economy of Asturias grew by 1.9% in 2016. It will grow by 2.4% in 2017 and by 2.3% in 2018. This will add around 12,300 new jobs in the period. Unemployment shall drop to 11.2%. Although pre-crisis GDP per capita will be almost recovered, creating more and better jobs remains a challenge.
Transformations in banking as a result of the new digital age are challenging financial regulation and supervision. Benefits and risks from the transformation of financial services. The European Banking Authority’s approach to FinTech. Among other issues.
The CBRT announced yesterday they will start to auction foreign exchange (FX) hedging instruments to enhance tools to manage corporates’ currency risk. We elaborate the main goal of the new tool as to reduce the Turkish lira volatility by both enhancing liquidity and increasing financial depth in the currency market.
October economic indicators announced today, together with the credit figures released yesterday, were all below the previous readings and the market consensus. As we predicted, the economy continued its moderation in Q3 due to the authorities’ policy initiatives. These policies include prudent monetary policy and regulatory tightening as well as the supply-side reform.
Uruguay will growth 3.2% this year. There will be the second fastest growing country in the region. We project a current account result of just 0.3% of GDP for 2018. We estimate that the dollar will end this year at $ 29.5 and $ 31.4 at the end of 2018. We have adjusted our estimate of inflation to 6.3% yoy and 7.0% yoy for 2017 and 2018 respectively
The economic impact of the tensions currently being experienced in Catalonia is difficult to gauge. One way in which attempts have been made to do so is by constructing indices that seek to calibrate the level of uncertainty felt by households and businesses.