ABI Europe - Feed RSS

ABI forecast: no to pressure for new capitalisations at a time of global recession

Wed, 21 Dec 2011 00:00:00 GMT

The crisis comes to a head in the Eurozone, Italian banks struggle with the need to recover profitability and strong pressure for new capitalisations. ABI presents the AFO 2011-2013 Forecast Report
Full Text >>

Banks: ABI, stable employment in a context of compressed profitability

Tue, 13 Dec 2011 00:00:00 GMT

ABI Report 2011: while the contract renewal is still under discussion, the industry’s objectives are higher levels of efficiency and profit. Strengths include a solid retail market, growing capitalization and the quality of industrial relations. Action will be needed on costs and network optimization. The pension reform will significantly reduce the number of possible applicants to the redundancy fund.
Full Text >>

ABI: negative opinion on EBA decisions

Fri, 09 Dec 2011 00:00:00 GMT

ABI: negative opinion on EBA decisions

The Association intends to assess the legitimacy of the move.
Real risks of credit squeeze for the economy.

The Italian Banking Association (ABI) confirms its negative assessment of the move carried out by the EBA. As also formally pointed out to the EBA, the move appears flawed by an inconsistent application of the criteria for establishing the weighted assets for the risk between the various European jurisdictions.

When presenting the results of the stress tests, the EBA had to make it clear that the national Authorities adopt different approaches for calculating the so-called floors in the event of use by the bank of internal rating models (IRB and AMA) and had to proceed to indicate which floor calculation option had been adopted for each bank.

It is evident that these differences may give rise to equity deficits which do not reflect the real exposure to risk, however forcing the banks to unnecessarily recapitalise with significant negative consequences.

Having also adopted the mark to market approach for Government securities, in the absence of any indications regarding the issuers’ solvency, as well as having caused anomalous volatility on said securities market, it appears entirely contradictory with respect to the difficult economic phase Europe is experiencing.

Furthermore, ABI insists that the timing of the move and the consequent recapitalisation transactions are inappropriate and clearly buck the trend with respect to the agreed opinion that the rules must not increase the economy’s cyclical nature.

ABI: negative opinion on EBA decisions

Fri, 09 Dec 2011 00:00:00 GMT

The Association reserves the right to assess the legitimacy of the exercise.. Real risk of restriction of credit to the economy.
Full Text >>

ABI: BOT day, Monday 12 December

Wed, 07 Dec 2011 00:00:00 GMT

ABI, together with Aiaf, Assiom Forex and Assiosim, is supporting an initiative to make it easier for citizens to invest in Italian Government bonds. Participating banks will waive their commission on the subscription of new public debt securities. Households, employers and businesses can benefit from the initiative, while institutional investors are excluded.
Full Text >>

Banks: ABI, we should consider revising of the rules given the worsening of the economic cycle

Tue, 06 Dec 2011 00:00:00 GMT

Rules and impact on the economic situation. Analysis of interconnections and the impact of new regulations on the real economy. These are the central topics of the ABI meeting on the recent provisions of the EBA and the progress of Basel3
Full text >>

ABI: positive manoeuvre, thanks to deposits and the implementation of European measures

Tue, 06 Dec 2011 00:00:00 GMT

The provisions contained in Italian Law Decree adopted by the Italian Government regarding the possibility of granting State guarantees on bank deposits, implement the package of measures adopted at European level to recreate normal market and liquidity conditions. Therefore a European provision has been assimilated.
Full Text >>

Forum CSR 2012

Fri, 02 Dec 2011 00:00:00 GMT

THE EVENT

There is widespread debate between the political, economic and financial world and ABI over Corporate Social Responsibility; the Association, which has paid great attention to CSR for many years, is actively committed to undertaking initiatives aimed at promoting and raising the banking and financial system's awareness of the importance and potential of this business approach.

In order to promote and give visibility to research and study and encourage discussion and the exchange of practices between banking experts, ABI, since 2005, has organized the CSR Forum, which has become the most important financial event on social responsibility. This unique annual event aims to provide an overview of the state-of-the-art and delve into its future developments; among other things, it also aims to provide member banks and interested companies with useful information on the business scenario as well as guidelines on how to integrate social responsibility in their businesses, by working through innovative partnerships and effectively sharing knowledge and experiences of leading players at the national and international level.

Integrating the issues of economic, environmental and social sustainability in public policies, in strategies and corporate activities, in the lifestyles of citizens, represents, in fact, an important and fundamental contribution to pursue and achieve a broad rethink of the market rules to avoid economic and social tension and to guarantee better management of available resources.
The current phase of economic, social and environmental transition requires that States, businesses, individual citizens and organised communities make courageous choices. For this reason CSR Forum 2012 wants to give space to all practices that the various stakeholders (companies and institutions; sustainable finance operators; international organisations; citizens and representative organisations) are developing, with a focus on related incentives.

CSR Forum 2012, this year as well, will be organized in Plenary Sessions, Round Tables and Co-building Sessions in which banking experts, academics and representatives from businesses and associations will meet and work together sharing their ideas and experiences.

TARGET AUDIENCE

Institutions, trade associations, banks, businesses, finance companies and other stakeholders. As regards the banking world, bank executives and managers of the following departments: Social and Environmental Responsibility Dept., General Secretariat Dept., Credit Dept., Finance Dept., Research Dept., Human Resources Dept., Training Dept., External Relations Dept., Marketing Dept., Communications Dept., Legal Dept.

More Info >>

Crisis: 12 December is BTP day for the auction of annual BOT

Thu, 01 Dec 2011 00:00:00 GMT

ABI, together with Aiaf, Assiom Forex and Assosim, is supporting an initiative to make it easier for citizens to invest in Italian Government bonds. Participating banks will waive their commission on the subscription of new public debt securities. Households, entrepreneurs and enterprises can benefit from the initiative, while institutional investors are excluded.
Full Text >>

ABI, electronic invoices will save � 3 billion for the PA

Thu, 01 Dec 2011 00:00:00 GMT

Sabatini: "the full development of this instrument will mean higher efficiency and security and lower costs for the Country". Today and tomorrow in Milan, the "CBI 2011" convention.
Full Text >>