Stock Exchange: the banks kick into gear, Unicredit sprint
Credit purchases after unexpected opening of Germany to the completion of the banking union - Oil stocks down after the drop in crude oil prices. The industrialists are holding back
Banking union, Germany opens: will this be the turning point?
For the first time, the German Finance Minister, Scholtz, opens up to the guarantee on bank deposits, which would make it possible to complete the banking union: it is not clear whether Merkel agrees but in Germany something is moving in the wake of the crisis of…
Ecofin at the start: banks and government bonds warm up the meeting
Government bonds and European guarantees on deposits will be at the heart of the Ecofin meeting today and tomorrow in Amsterdam.- Germany asks for a ceiling on the ownership of public bonds for banks, Padoan replies: "Placing constraints is wrong" -…
Banking union, still a long way to go
ABI CONFERENCE - All three pillars on which the Banking Union is based remain to be completed: 1) supervisory mechanism, 2) resolution mechanism, 3) deposit guarantee system.
Italy insists with the EU: immediately complete the banking union
Completion of the Banking Union, creation of the EU guarantee on deposits, establishment of the Superminister of Finance, greater support for growth, creation of the European Monetary Fund - Italy's guidelines in Brussels
Banking union, a fair but difficult Italian battle
Renzi's battle on the banking union to obtain the European deposit guarantee fund and prevent interventions on government bonds in the banks' portfolios is just but difficult for Germany to understand because it is clear that a…
Micossi: "All the risks of a half-baked banking union"
The collapse of the European banks on the Stock Exchange is explained above all by the lack of EU insurance on deposits and a public guarantee of last resort in the event of a systemic crisis - Excess liquidity also weighs - Furthermore, the idea…
What to ask of Europe (and what not)
Italy can ask Brussels for a strengthening of the Juncker plan for investments and the completion of the banking union, but not for the so-called "symmetrical" adjustment: it makes no sense to expect Germany to take our chestnuts out of the fire by compressing the…
Banking union, EU approves last pillar: go to the single system to protect deposits
After joint supervision and the single resolution, the European Commission has unveiled the characteristics of the third pillar of the European Banking Union: the single deposit insurance scheme (Edis). The fund will definitively enter into force starting from 2024 following…
"The end of the BTP is the rebirth of Italy": an essay by Figna, Sabbatini, Cordara
An essay by Figna, Sabbatini, Cordara published by GueriniNext highlights how the golden age of the BTP is ending because, beyond the low growth and low inflation, the birth of the euro, the launch of the banking union and the launch of the Quantitative…
Bank of Italy explains the European banking union in Russia: lecture by Rossi
Lecture by the General Manager of the Bank of Italy, Salvatore Rossi, at the Bank of Russia in Moscow - "Towards a European Banking Uniobn: a single Central Bank supervisor as a first step" the topic of the report attended by academics and…
Bancari: Sabatini (Abi), yes to the contract but not at all costs
In an interview with Corriere della Sera, Abi's general manager specifies that "a contract compatible with the context is needed". Two epochal changes will have to be taken into account: the digital revolution and the banking union
Astrid's new book on the European banking union is on the market
The volume is the result of the research work carried out by a study group of Astrid, coordinated by Emilio Barucci and Marcello Messori in which several scholars participated - Towards the European Banking Union is the title, published by…
Banks: moving on after stress tests, Banking Union can help
After the stresses, it is time for Italian banks to seriously reflect on the structural problems afflicting them (low capitalisation, low profitability, high non-performing loans) - The European Banking Union can help them change the tune but central banks must also do their part…
Banks, EU: agreement signed on single resolution fund
The agreement completes the rules of the banking union and the single resolution mechanism - The single fund will be established over eight years to reach at least 1% of the amount of guaranteed deposits of all authorized banks in the member states.
Stock market rebound (+0,56%) under the impetus of Wall Street: Finmeccanica and Mediobanca up sharply
Yellen disorients investors but the good data on US employment favors the recovery of the stock markets: Europe at two speeds with Milan (+0,56%) which exceeds 20 bps and Paris on the rise - The best performances are from Finmeccanica (the …
PAYMENT SYSTEMS – Migration to Sepa: chronicle of an announced flop
BANKS AND PAYMENTS - February 2014, 2008 is the deadline by which credit transfers and direct debits should all have the same European format - The commitment to complete the migration within the deadlines established since XNUMX, entrusted, under…
Banking union, Strasbourg said yes
Green light from the European Parliament to the creation of the Single Mechanism for Banking Supervision, a body that will be created by the ECB by the end of 2014 and which will be entrusted with the supervision of the major European banks - In the new system it will…
The banking union, the Sepa and competition at the pace of the prawns
Published study on retail banking and in particular on payment services announcing yet another EU intervention in the sector - Despite policies that have sometimes appeared intrusive, competition in the sector is still not sufficiently adequate - The proposal: a single authority…
EU: bank-financed resolution fund, mechanism operational since January 2015
Taking the 2011 budgets as a reference, the fund should be worth around 55 billion euros - The single bank resolution mechanism will have to be operational from January 2015: the new rules, therefore, will have to be adopted by the end of the legislature…
Banking union, Letta: another step forward with deterrence in Brussels tomorrow
According to the Prime Minister, "a new important event will take place in Brussels tomorrow: there should be the conclusion of the process" that will lead to the banking union, "with the instruments of deterrence" - "It is a huge step forward: now we need more management shrewd…
Banking union, Italy and France compared
"Banking union, a tool for reinventing Europe", says EU commissioner Michel Barnier - "But pay attention to how reforms look, nationalism and populism are proliferating more and more", observes ex-premier Mario Monti - Debate at French Embassy.
Cyprus, old solutions for new problems?
SACE's Economic Analysis and Research Office dedicates the new issue of Focus On to the Cyprus bailout, analyzing its timing and methods and hypothesizing future scenarios for the European Monetary Union.
From Berlin's “5 Wise Men” a proposal on the Banking Union
The five advisers who assist the German government's choices in economic matters fire a document proposing the entry into force, step by step and by 2019, of a highly regulated banking union mechanism, focused on combating moral hazard…
Banking union is not a priority for Germany
There is no consensus among German MPs on what Bankenunion should look like - Chancellor Merkel's party fears that common deposit insurance is being used as a Trojan horse to bail out southern European banks with…
Euro-interview with Hollande, "the worst is over but the best is yet to come"
The EU is "very close to overcoming the crisis" but integration needs to be accelerated - Political union will only be seen "after the 2014 European elections" - Two-speed Europe is a reality but the differences between the spreads "are not eligible" -…
Here is the Liikanen report on banks: the 5 recommendations discussed in a Bocconi debate
The experts' proposals (in consultation for 6 weeks) were illustrated in a conference at Bocconi - Legally separate trading and greater consistency between internal risk models - Mazzucchelli (Liikanen group): "With these rules and those in…
ECB, banking supervision kicks off from January
Supervision of financial institutions in the euro area will be transferred to the European Central Bank starting from January - The EBA will have to draw up a general regulation for all 27 EU countries - It is then up to the national authorities to enforce it -…
The Franco-German entente never died
In October, new ideas to overcome the crisis, announce the economic ministers of the two countries, Schäuble and Moscovici, in view of today's meeting between the German chancellor Angela Merkel and the transalpine president François Hollande - Despite the latter's election, …
EU, Germany-France: joint working group on banking union
German Finance Minister Wolgang Schaeuble and his French counterpart Pierre Moscovici have announced their intention to create a joint working group to clarify the most controversial points of the reform.
Germany holds back on European banking supervision
Opponents to the idea of capillary control by the ECB over the entire European banking system starting from 2013 are growing in Berlin - The controversy revolves around savings banks and cooperatives - Meister (CDU): "There is no need to …
Spain, Rajoy wants the banking union by December and no longer rules out asking for aid
The Spanish prime minister insisted on the importance of reducing the public deficit and implementing structural reforms as quickly as possible - Asking for help from the EFSF? "Not yet", first we need to understand what the "extraordinary measures" Draghi spoke about…
Monti-Rajoy: "All euro countries should do their homework without contradicting each other"
The leaders of Italy and Spain hope that an "agreement on banking supervision at European level" will soon be reached - "The euro is irreversible" - Monti praises the reforms implemented by Rajoy - No news on aid:…
Banks, ECB thinks of a supervisory authority for 25 European institutions
According to the Wall Street Journal, the first step towards banking union would be a new European agency under the aegis of the ECB which would control the 25 largest banks in the Eurozone - But Draghi puts his hands forward: "All the parties are…
ECB, Draghi: four of aces to save the euro
There must be only one message from Europe: "the Euro is here to stay and the Eurozone will do everything to preserve it" - Four pillars to save the single currency: a banking, fiscal, economic and political union - The confident ECB president…
EU summit, foreign press: Italy and Spain win over Merkel
The main online newspapers from all over the world are clear in assigning a clear victory to the premiers Mario Monti and Mariano Rajoy - The two beat Merkel in the tug of war for the anti-spread shield - Very satisfied also…
EU summit, Germany holds back on banking union
At the summit of heads of state and government of the European Union today and tomorrow, only the possible role of the European Central Bank will be discussed in a hypothetical centralized supervision of the sector - German Chancellor Angela Merkel will not give…
Micossi – Growth, debt and more powers to the ECB: the solutions to be discussed at the European summit
Reconciling austerity with growth, tackling excess debt and guaranteeing the ECB greater freedom to deal with liquidity shocks - This is the package of proposals suggested by Stefano Micossi, member of the Board of the European think-tank Ceps,…
Barroso, banking union but without changing the EU treaties
The president of the EU Commission has warned that it is necessary to achieve financial integration "without changing the Treaty" of Lisbon - Those who do not want the banking union "remain the exception, not the rule".