Dominic Broom’s Post

In 2023, we updated rules related to the capital, liquidity and disclosure requirements for #banks. How are they affecting Canada’s largest and smallest banks as well as Canadians? Find out here: https://lnkd.in/eU5vyUXv #BaselIII #Regulatorycompliance

Where are interest rates heading? In joint work with joint with Boris Hofmann, Galo Nuño, and Damiano Sandri at the Bank of International Settlements (Bank for International Settlements – BIS) we review different estimates of the equilibrium real interest rates: see the article in the quarterly review. The main takeaway is that differently from the pre-pandemic period, recent estimates suggest the possibility that equilibrium real rates might be higher. (https://lnkd.in/ddsk-jqC). Thanks to our editor Andreas Schrimpf and the many who have provided feedback on this work! #interestrates #monetarypolicy #federalreserve #ecb #bankofengland

#questionforgroup What are the risk factor for issuance of One guarantee with consolidated amount on behalf of local representative against three counter Guarantees received from foreign banks?

Foreign bank activity acts as a proxy for offshore investment trends because foreign banks typically follow their customers into jurisdictions. In this year's Foreign Bank Tracker analysis, we observed a notable difference in growth from banks with large domestic retail subsidiaries, particularly those from the Netherlands and the UK, which delivered better than mid-single digit growth. For more detail, check out the full report. 

Don't miss #FitchRatings' recent webinar, "Low Sovereign Default Rates to Supranationals: Evidence of Preferred Creditor Status (PCS)," now available on-demand. Listen to Fitch's expert analysts discuss the low #sovereign default rate to supranationals, and how this underscores the importance of PCS as a key driver behind the high ratings of multilateral development banks. Available on-demand at: https://ow.ly/NA8A50Rr5ek

💡 Event Recap: A Thought-Provoking Discussion on the Future of Banks. I wanted to share a recent interesting event hosted by SUERF - The European Money and Finance Forum: "Do We Still Need Banks?" 🏦. The presentations offered valuable insights, especially for #Bank #Financial & Balance Sheet #Managers, #Risk Managers, and #ALM / #Treasury Experts, delving into the evolving role of #banks in today's financial landscape. You can explore the agenda and presentation materials for some interesting takeaways here: 🔗 https://lnkd.in/e3Q9bjUM #Finance #Banking #RiskManagement #Treasury #ALM #BalanceSheet #FinancialIndustry #bankingindustry

Great get together organised by AFBS Association of Foreign Banks in Switzerland 🧀💫👏🏻 A key take away for me: banks are too Swiss and too cautious / strict on the financial market. We need to better market our environnement 🚀 We see many opportunities for foreign banks in our stable and neutral country 🇨🇭! Roman Studer Marni McManus Yvonne Lenoir Gehl Eric Stupp Joel Fischer Ralph Kreis #financialinstitutions #swissfinance #swissbanking CACEIS

#SUERFpolicybrief “The ECB Single Supervisory Mechanism: Any Effects on Bank Competition?” by Burkhard Raunig and Michael Sigmund, Oesterreichische Nationalbank Since the introduction of the Single Supervisory Mechanism (SSM) in 2014, systemically important banks in the euro area are directly supervised by the ECB. From a static and dynamic perspective, we examine how this fundamental shift towards unified supervision under the SSM affects the competitive position of SSM banks. A clear pattern emerges. In euro area countries that were heavily affected by the sovereign debt crisis, competition for SSM banks decreased. In the other countries, the SSM either had no impact on the competitive position of SSM banks or competition increased. Our results also suggest that the effects of the SSM on competition are unlikely to be permanent. https://lnkd.in/g4AbzhRn #SingleSupervisoryMechanism #BankingSupervision #Competition #LernerIndex #PersistenceOfProfits

👏 Many thanks to our speakers Martin Scheicher (ECB), Marja Nykänen (Bank of Finland (Suomen Pankki - Finlands Bank), Matthew Plosser (Federal Reserve Bank of New York), Clara Raposo (Banco de Portugal & ISEG - Lisbon School of Economics & Management), Stefan Ingves (Swedish House of Finance), Thorsten Beck (Florence School of Banking & Finance), Ernest Gnan & 250+ online participants at the #SUERF BAFFI Università Bocconi webinar "Do we still need banks" which was held on Thursday, 5 September, 2024. Key themes covered at the webinar: 1. #Banking sector, real #economy and “Finance for growth” 2. Banking stress in March 2023 and US vs EU trends 3. The role of #regulation and the implementation of Basel 3 in the EU and US 4. #BankingUnion & #CapitalMarketsUnion (CMU) 💻 You can browse through the presentation slides, and watch recording of the webinar on our website: https://lnkd.in/dngkCMq9 ▶️Replay: https://lnkd.in/df7ZfCTx

"Do we still need banks?" The event offers valuable insights! The agenda, presentation materials and the recording of the webinar can be found here: https://lnkd.in/dngkCMq9