BBVA Research

Subscribe to BBVA Research feed
Updated: 4 hours 50 min ago

Global | 2017 G-SIBs List

November 21, 2017
There are three main changes versus the previous list: RBC enters in the 1% bucket and Groupe BPCE exits the list. Bank of China and China Construction Bank rise from the 1% to the 1.5 % bucket. Citigroup falls from the 2.5% to the 2% bucket; BNP Paribas from the 2% to the 1.5% and Credit Suisse from the 1.5% to the 1%.

The new accounting standard: pros and cons

November 20, 2017
The global financial crisis revealed that the banks had not got the resources sufficient to handle a recession as far-reaching as it turned out to be, of a magnitude only comparable with the Great Depression of the 1930s. To prevent anything similar from happening again, the G20 sponsored new accounting rules in creating new banking provisions known as IFRS 9.

Trump and the Silk Road

November 20, 2017
US president Donald Trump has just completed his first presidential tour of Asia, where he attended APEC (Asia-Pacific Economic Cooperation) and ASEAN (Association of Southeast Asian Nations) summits.

Uncertainty and economic projections

November 20, 2017
The political crisis in Catalonia, and its effects on recovery, has in recent weeks cast a shadow over the economic debate, specifically now that the world economy and Europe are growing in a robust, stable and very synchronized manner. We stand before a situation without precedent.

U.S. | Weekly podcast: personal consumption and consumer confidence

November 18, 2017
Weekly economic update focusing on the major economic indicators to be released the week of November 20, 2017. Special topic: trends in personal consumption

Monitoring world geopolitics through Big Data

November 18, 2017
1. Introduction: why and how we use Big Data; 2.Geopolitical and social analysis; 3.The geography and the digital transformation

Financial Regulation: Weekly Update. 17 November 2017

November 17, 2017
Highlights: Council endorsed agreement on creditor hierarchy, IFRS 9 and large exposure. EC consulted on backstops for insufficient NPL provisions. ECB issued opinions on the current regulatory reform. EBA published implementation report on O-SIIs, and on internal models’ consistency. ESMA published final report on MMF regulation. BdE consulted on PAC and PAL guidelines.

The future of banking in Europe: Drivers and consequences of further consolidation

November 17, 2017
Some voices are defending the need for further consolidation as a way of fixing the problems remaining in the European banking system. While further consolidation has some advantages, it also implies some drawbacks and costs. This paper discusses the implications of consolidation for financial stability, solvency, efficiency, competition, digitalization and systemic risk.

Spain Economic Outlook. Fourth quarter 2017

November 17, 2017
The Spanish economy will grow 3.1% in 2017 and 2.5% in 2018, two and three tenths less than what was estimated in July, in an environment of greater economic policy uncertainty. However, the positive inertia in activity data, the favorable international environment and the monetary policy will continue to favor growth. The adoption of reforms is indispensable.

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

November 16, 2017
The world financial system faces lesser risks, but vulnerabilities and regulatory challenges persist. In September house prices rose less than inflation. Negative differentiation of domestic assets due to uncertainty caused by the renegotiation of NAFTA. Adjustments to the risk diversification rule.

China’s role in Latin America: Participation & Consequences

November 16, 2017
This presentation touches various issues: evolution of bilateral trade and investment, LatAm’s export dependency on China, China’s OFDI and financial influence in LatAm and existing critiques on China’s role in LatAms and new opportunities.

A new challenge for banking

November 15, 2017
CBDCs are Central Bank-issued instruments that combine cryptography and DLTs to achieve four possible goals: improve interbank settlement, digitize cash to improve efficiency in payments, develop a new monetary policy tool to overcome zero-bound interest rates and increase surveillance and reduce financial system instability.

Madrid Economic Outlook. Second half 2017

November 15, 2017
The economy of Madrid grew by 3.7% in 2016. It will also keep growing by 3.4% in 2017 and by 2.7% in 2018. This will add around 175,000 new jobs in that period and unemployment shall drop to 10.5%. Although GDP and GDP per capita have already recovered pre-crisis levels, creating more and better jobs remain important challenges better jobs remain important challenges.

Tracking China Vulnerability in Real Time Using Big Data: The CVSI Index

November 15, 2017
We have developed a China Vulnerability Sentiment Index using Big Data. The CVSI index allows us to track the 4 different vulnerability components: SOEs, Shadow Banking, Housing Bubble & FX speculative.

Asturias Economic Outlook 2017

November 14, 2017
The economy of Asturias grew by 1.9% in 2016. It will grow by 2.4% in 2017 and by 2.3% in 2018. This will add around 12,300 new jobs in the period. Unemployment shall drop to 11.2%. Although pre-crisis GDP per capita will be almost recovered, creating more and better jobs remains a challenge.