While Austrian owned banks (BCR), French (BRD), Greek (Alpha, Piraeus, Romanian Bank), UK (RBS), American (Citi) lost or maintained their market share in the second quarter of this year, private... detalii
The Basel Committee on Banking Supervision has completed its review of the October 2006 Core principles for effective banking supervision and the associated Core principles methodology. The revised Core Principles were endorsed by banking supervisors at the 17th International Conference of Banking Supervisors held in Istanbul, Turkey, on 13-14 September 2012, said BIS in a statement.rnrnBoth the existing Core Principles and the associated assessment methodology have served their purpose well in terms of helping countries to assess their supervisory systems and identify areas for improvement. While conscious efforts were made to maintain continuity and comparability to the extent possible, the revised document combines the Core Principles and the assessment methodology into a single comprehensive document. The revised set of twenty-nine Core Principles has also been reorganised to foster their implementation through a more logical structure, highlighting the difference between what supervisors do and what they... detalii
During the period from mid-June to mid-September, the trajectory of global growth shifted downwards and concerns about the sustainability of euro area government debt and the future of the monetary union gained new traction, said The Bank for International Settlements (BIS) in its Quarterly Review, September 2012.rnrnAgainst the backdrop of lower growth, many central banks loosened monetary policy, cutting interest rates or expanding unconventional policies. Some of the policy measures and announcements triggered large asset price reactions.rnrnTogether with central bank actions, the combination of weak growth and portfolio reallocations driven by concerns about sovereign risk in the euro area pushed yields on the debt of a number of highly rated sovereigns to unprecedented lows. In a range of European countries, nominal yields on short-term government bonds were even deep in negative territory. Such low yields on advanced economy government bonds spurred investors to search for... detalii
In line with international trends towards higher capital requirements for systemically relevant banks and following the introduction of a minimum 9% common equity tier 1 requirement by the European Banking... detalii