{"id":15060,"date":"2020-06-22T12:13:32","date_gmt":"2020-06-22T12:13:32","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=15060"},"modified":"2020-06-22T12:13:32","modified_gmt":"2020-06-22T12:13:32","slug":"eu-financial-institutions-facing-unprecedented-challenges","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/eu-financial-institutions-facing-unprecedented-challenges\/","title":{"rendered":"EU financial institutions facing unprecedented challenges"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The European Banking Authority (EBA) has published a preliminary assessment of the impact of COVID-19 on the European Union (EU) banking sector. The main findings of the assessment are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Financial institutions entered the crisis more capitalized and with better liquidity compared to previous crises.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The crisis will have a negative impact on asset quality, with non-performing loan volumes growing to levels (potentially) as high as those recorded in the aftermath of the sovereign debt crisis.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Financial institutions have been using their liquidity buffers and are expected to continue using them in the coming months as the issuance of new unsecured debt has nearly come to a complete halt.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The operational resilience of financial institutions is under pressure due to many being unprepared to have staff work remotely as well as an unprecedented volume of applications for debt moratoria.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Read the full assessment<\/span><a href=\"https:\/\/eba.europa.eu\/sites\/default\/documents\/files\/document_library\/Risk%20Analysis%20and%20Data\/Risk%20Assessment%20Reports\/2020\/Thematic%20notes\/883986\/Thematic%20note%20-%20Preliminary%20analysis%20of%20impact%20of%20COVID-19%20on%20EU%20banks%20%E2%80%93%20May%202020.pdf\"> <span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-15060 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='How banks can compete against an army of FinTech startups'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/how-banks-can-compete-against-an-army-of-fintech-startups\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/04\/apr17-26-483747929-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-3726\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/04\/apr17-26-483747929-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/04\/apr17-26-483747929-100x100.jpg 100w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-3726'>\n\t\t\t\tHow banks can compete against an army of FinTech startups\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='3 projections for COVID-19\u2019s impact on payments in Europe'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/3-projections-for-covid-19-s-impact-on-payments-in-europe\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/08\/purple-alarm-clock-stack-increasing-coins-wooden-desk-against-blue-background_23-21479434191-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15259\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15259'>\n\t\t\t\t3 projections for COVID-19\u2019s impact on payments in Europe\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='BFC FinTech Monitor 30th October \u2013 10th November'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-30th-october-10th-november\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/11\/15251d96-418e-48d5-8da1-b9e08d9a23081-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15504\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15504'>\n\t\t\t\tBFC FinTech Monitor 30th October \u2013 10th November\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The European Banking Authority (EBA) has published a preliminary assessment of the impact of COVID-19 on the European Union (EU) banking sector. The main findings of the assessment are: Financial institutions entered the crisis more capitalized and with better liquidity compared to previous crises. The crisis will have a negative impact on asset quality, with &hellip;<\/p>\n","protected":false},"author":12,"featured_media":15062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[544],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15060"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=15060"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15060\/revisions"}],"predecessor-version":[{"id":15061,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15060\/revisions\/15061"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/15062"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=15060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=15060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=15060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}