Tuesday, November 21 2017 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia
Updated: 7 hours 20 min ago
The global financial crisis revealed that the banks had not got the resources sufficient to handle a recession as far-reaching as it turned out to be, of a magnitude only comparable with the Great Depression of the 1930s. To prevent anything similar from happening again, the G20 sponsored new accounting rules in creating new banking provisions known as IFRS 9.
US president Donald Trump has just completed his first presidential tour of Asia, where he attended APEC (Asia-Pacific Economic Cooperation) and ASEAN (Association of Southeast Asian Nations) summits.
The political crisis in Catalonia, and its effects on recovery, has in recent weeks cast a shadow over the economic debate, specifically now that the world economy and Europe are growing in a robust, stable and very synchronized manner. We stand before a situation without precedent.
Weekly economic update focusing on the major economic indicators to be released the week of November 20, 2017. Special topic: trends in personal consumption
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.