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Banks in Europe are the greatest source of risk for the world economy
Jacek RamotowskiEuropean banks are the main source of a global systemic risk – claims Professor Plutarchos Sakellaris from the Athens University of Economics and Business.
European banks exposed to increased market risk pressure
Jacek RamotowskiThe market risk for the European banking sector–associated with growing volatility, potential liquidity shortages and the possibility of drops in asset prices–increased at the turn of the year and is currently at a high...
European Commission: Part of the central banks’ profits should go to the EU budget
Milena KabzaThe European Commission proposes that a portion of the central banks' profits from the Eurozone should be transferred to the European Union’s budget as a form of national contribution.
Chinese Alibaba in talks with Russian VTB Bank
Filip BrokešThe Russian government tries to stay away from cooperating with western technological companies and opens the door for Chinese internet giants like Alibaba to help modernize Russia’s ecommerce market.
IMF warns against debt and risk to financial stability
Milena KabzaThe IMF warned in the Global Financial Stability Report and Fiscal Monitor against threats challenging financial stability worldwide. The reason is that short-term risk has increased noticeably over the past six months.
Financial services after Brexit
Witold GadomskiThe cross-border provision of financial services poses a major challenge to address in the context of Brexit. The total value of exports of British financial and related services exceeds EUR100bn.
State intervention is harmful, but sometimes necessary
Witold GadomskiPoland doesn't differ very much from Western Europe in terms of state ownership of enterprises and the degree of regulatory interference. The country is more ”statist” than the United States and Great Britain, but less...
The current economic situation is favorable for Polish banks
Jacek RamotowskiJust a year ago, bankers were looking at the future with concern. The improvement of the economic situation provides an opportunity for the banks to rebuild their profitability.
Bank financing in the resolution process
Andrzej DżurykThe Financial Stability Board (FSB) has concluded its consultations on the strategy of financing banks in the resolution process. The document contains the FSB recommendations for the development of plans in the resolution...
Russian banks strong enough to survive the US sanctions
Filip BrokešAccording to credit rating agency Fitch, Russian banks are in a position to absorb credit losses stemming from exposure to individuals and firms targeted by US sanctions.