This edition of Bank News provides an update on the work of the regulator and an analysis of the fiscal implications of the introduction of Basel III in Europe.
This general analysis is accompanied by a sound contribution from CIB activity, which overall presents a “level of activity comparable to 2006, a rather high benchmark”.
Finally, in their half-year accounts many banking groups have reported satisfactory progress in their medium and long-term financing programmes.
It must be admitted that the market has taken a different view of the banks during the summer, given the stock exchange turmoil which has affected them! And this despite the EBA‟s publication of its stress tests some days before the main financial reporting by European banks.
This edition of Bank News returns to these various issues.