Föhrenbergkreis Finanzwirtschaft

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Archive for 4. Juli 2017

Containing the Trump Threat in Europe

Posted by hkarner - 4. Juli 2017

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Brexit Could Cost Banks €15 Billion

Posted by hkarner - 4. Juli 2017

Date: 03-07-2017
Source: The Wall Street Journal

Costs could weigh on bank profits for years and ultimately hit EU consumers

The City of London financial district,.

British banks will likely have to shift large chunks of their operations into the EU after the U.K. leaves the trade bloc.

LONDON—Banks in the U.K. could be on the hook for €15 billion in costs to relocate certain activities to Europe after Brexit, according to a study by a finance trade group—a tab that could weigh on bank profits for years and ultimately hit European Union consumers.

The Association for Financial Markets in Europe, which commissioned the review by the Boston Consulting Group, warned Monday that the cost of creating a subsidiary in the EU would have a “material impact” on banks’ bottom lines. These additional costs could be passed on to European customers, the industry group added.

British banks will likely have to shift large chunks of their operations into the EU after the U.K. leaves the trade bloc in order to continue servicing customers there. The U.K. is currently locked in negotiations with the EU to try to guarantee as much access to the EU as possible, while remaining outside the single market.

However, if a deal isn’t cut and the U.K.’s financial hub is frozen out of Europe, then more than €1 trillion of bank assets, including loans, securities and derivatives, may need to be rebooked into European subsidiaries, according to AFME. Den Rest des Beitrags lesen »

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Can “Mercron” Deliver for Europe?

Posted by hkarner - 4. Juli 2017

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European Central Banks Face Added Political Constraints

Posted by hkarner - 4. Juli 2017

Date: 03-07-2017

Source: The Wall Street Journal By Simon Nixon

The banks’ own rules, along with wider political trends and mixed economic signals complicate any move to tighten policy

Central bankers around the world are grappling with a common problem: when and how to normalize monetary policy at a time of normal levels of economic growth, normal levels of unemployment but abnormal levels of wage growth that is keeping inflation lower than their economic models predict.

Policy makers at the European Central Bank and Bank of England are facing political challenges that are making their task even harder.

At the ECB, the political constraint is its own self-imposed rules setting limits on the size and scale of its quantitative easing program. Den Rest des Beitrags lesen »

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Trump and the Truth About Climate Change

Posted by hkarner - 4. Juli 2017

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