EU Countries Clash with Brussels over Banking Mergers

EU countries clash with Brussels over banking mergers

Brussels wants bigger, more efficient banks to help restore Europe’s competitiveness. National capitals have other ideas.

EU frets over government meddling in Spanish, Italian banking mergers – POLITICO - EUROPE SAYS

Rome did so by invoking its “golden power,” which was originally designed to stop foreign takeovers from threatening national security. That move did not go

Spain, BBVA against the Government: why the battle for Sabadell does not stop, between risks and political gambles - Economic Scenarios

An unexpected turn of events shakes the Spanish banking sector. Despite the firm ban imposed by the Sanchez government on an operational merger for three years (extendable to five), the giant BBVA does not back down an inch in its determination to acquire Banco Sabadell. Let us remember that BBVA and Sabadell are among the main Spanish banks and the merger would create a banking group in the order of 27 billion in stock market value. A giant in …

BB to issue merger notices to 5 Islamic banks - The New Nation

Staff Reporter : Bangladesh Bank is set to issue show cause notices to five Shariah-based banks on Wednesday, seeking explanations as to why they should not be merged in light of their deteriorating financial health. The move signals the formal initiation of the central bank’s proposed merger process for underperforming institutions. The five banks in question are First Security Islami Bank, Global Islami Bank, Union Bank, Social Islami Bank, an…

EU Regulators Propose Integrating ESG Risks into Stress Tests for Banks, Insurers

Europe’s three primary financial regulatory agencies, the European Supervisory Authorities (ESAs) announced the publication of new draft Joint Guidelines on ESG stress testing, setting out how banking and insurance sector authorities in the EU should integrate ESG risks into their supervisory stress tests, and aimed at harmonizing methodologies and practices among banking and insurance supervisors. The ESAs include The European Securities and Ma…