The excellent credit quality of European banks’ large and growing retail lending books is exposed to potentially worsening market conditions in the medium term, but is unlikely to suffer a repeat of the high loss rates that stung the sector a decade ago, according to a report by Standard & Poor’s. The report noted that the almost zero-risk mortgage lending climate brought about by a decade of falling interest rates and rising house prices is unlikely to persist indefinitely and thus leaves some banks vulnerable to a potential reversal of those favourable trends. The report surveyed the eight major retail lending markets in Europe, and identified those that are at risk of incurring the strongest correction. Overall, markets that have seen both a sharp increase in household indebtedness and a rise in house prices, such as the U.K., the Netherlands – and to a lesser extent, Spain – would have the greatest exposure in a negative scenario. Countries that are less exposed are Germany, France, and Italy, with Denmark and Sweden falling in the middle of the spectrum.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more