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Updated: 4 hours 49 min ago

The New US National Security Strategy

December 21, 2017
The White House revealed this week the new National Security Strategy (NSS) document, which traditionally highlights national security hot spots and the aim of Washington, DC in the geopolitical arena. There are some uncertanites regarding how Trump's administration would implement the US foreign policy remain alive.

U.S. | Higher Expected GDP Growth: Solid Momentum, Short-Term Fiscal Stimulus

December 21, 2017
U.S. GDP growth to be 2.6% in 2018 and 2.5% in 2019.

Mexico | Monthly Report on Banking and the Financial System. December 2017

December 21, 2017
The total credit balance through cards slows its momentum during 2017. Car loans accelerated their momentum, offering better conditions as regards amounts and terms. The International Monetary Fund renews Mexico’s Flexible Credit Line. The Mexican financial system has the capacity to face adverse events. New technologies and financial inclusion in Latin America.

Transition to IFRS 9. Impact on forbearance practices: are there some risks?

December 20, 2017
Forbearance aims at relieving the financial burden to borrowers under temporary difficulties. Forbearance measures were widely applied during the crisis sometimes heterogeneously until the EBA harmonised definitions and the treatment of forbearance. In this watch, we discuss the implications of the new accounting regulation and review the latest trends in forbearance.

Spain: the national economy is growing and it is avoiding the effect of uncertainty in Q4

December 20, 2017
Despite the increase of uncertainty related to the political environment in Catalonia, the economy continues to grow in the fourth quarter of the year. It is estimated that quarterly GDP growth (QoQ) could stand between 0.8% and 0.9%. If this estimate materialises, the year, as a whole, would close with an average annual growth rate in the interval of 3.1% and 3.2%.

The amazing phenomenon of ICOs

December 18, 2017
Initial Coin Offerings, or ICOs, constitute a new financing method for start-ups specialising in blockchain technology. It consists in the sale to investors of a percentage of their own cryptographic tokens issued by the company, normally in exchange for cryptocurrencies such as bitcoin or ether.

Portugal: in 4Q, growth would stabilise at around at 0.4% QoQ

December 18, 2017
The growth rate of the Portuguese economy in 3Q17 accelerated slightly to reach 0.5% QoQ1, in line with the BBVA Research estimate (0.5% QoQ) and above the one seen in 2Q17 (0.3% QoQ).

Will oil prices continue to rise in 2018?

December 18, 2017
Finally things came together for the oil market after a three-year slump characterised by a sharp fall in prices, and their subsequent stagnation at relatively low levels.

Towards more selective and enforceable international regulatory standards

December 18, 2017
The prolongation of the discussions on the finalisation of Basel III has triggered a debate on the adequacy of the current approach to international banking regulatory standards. There is a certain feeling that they are increasingly complex, needlessly detailed and unevenly implemented.

U.S. | Oil Prices Outlook 2018-2022. December 2017

December 16, 2017
Further price increases in the short-run supported by robust demand and inventory correction. Geopolitical factors could lift prices further. In the mid-term, supply is expected to catch up with higher prices, intensifying the fight for market share.

U.S. | Oil Prices Outlook 2018-2022. December 2017

December 16, 2017
Further price increases in the short-run supported by robust demand and inventory correction. Geopolitical factors could lift prices further. In the mid-term, supply is expected to catch up with higher prices, intensifying the fight for market share.

U.S. | Weekly podcast: oil prices, personal income and spending

December 16, 2017
Weekly economic update focusing on the major economic indicators to be released the week of December 18, 2017. Special topic: oil price outlook

U.S. | Tax reform and home prices: Is there a cause for concern?

December 16, 2017
The net effect of the proposed tax changes on house prices will be limited. Doubling the standard deduction will increase the incentives to rent. The lower cap on mortgage interest deduction can lower prices of homes in higher price ranges over time. Other tax proposals will tighten housing market conditions and generate upward pressures on home prices.

Financial Regulation: Weekly Update. 15 December 2017

December 15, 2017
Highlights: EBA published impacts of the finalisation of Basel III framework for European banks. The Council approved EU's legislative priorities for 2018-2019. International standard-setting bodies launched surveys on incentives to centrally clear OTC derivatives trades. Finally, the ESAs published standards on money laundering and terrorist financing risks.

ECB Watch: ECB on a wait and see stance

December 15, 2017
There was no discussion on any change in the QE recalibration. The ECB seems more confident on the economic expansion. Significant upward revision of staff’s growth forecasts.

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