Merler, S. (2014) “Fact of the week: Only 8% of banks says they will need to raise capital after AQR – the ECB’s Asset Quality Review in the eyes of bankers“, Bruegel Institute, 27 Ιουνίου.
In December, we wrote a paper about the ECB’s comprehensive assessment and its aftermath. We identified significant uncertainty about the recapitalisation needs that would be identified by the ECB’s comprehensive assessment. Ernst and Young has published this week their European Banking Barometer for the first half of 2014, which gives a very interesting snapshot of the banking sector’s perceptions about macroeconomic outlook as well as an indication of their priorities for the next moths. Among other issues, it also includes interesting insights on banks perception of the capital needs that will result from the ECB’s assessment. Findings confirm that uncertainty still prevails.
The EBB builds on a survey of 294 interviews with senior bankers across 11 markets: Austria, Belgium, France, Germany, Italy, the Netherlands, the Nordics, Poland, Spain, Switzerland and the UK. To ensure that the cross-countries differences in banking systems are taken into account, a range of bank types was interviewed including universal banks (large-scale banking group/major bank); corporate and investment banks; private bank/wealth managers; specialist (e.g., consumer credit, savings, or a bank that doesn’t offer a current account) and retail and business (e.g. SME business banking).
Σχετικές αναρτήσεις:
- Fuertes Α.-Μ., Kalotychou , Ε. & Saka, Ο. (2014) “ECB Policy and Eurozone Fragility: Was De Grauwe Right?“, Economic Policy, CEPS Working Documents, 20 Ιουνίου.
- Magnus, G. (2014) “The ECB and Sisyphus: it won’t be finished unless it does QE“, Pieria Online, 09 Ιουνίου.
- Varoufakis, Y. (2014) “How should the ECB enact Quantitative Easing? A proposal“, Thoughts for the post-2008 World Blog, 19 Μαΐου.