Financial Institutions

Highlights

• 3 May 2013
  • UK general insurance sector outlook
    Our outlook remains stable for the UK general insurance sector, reflecting our expectation that rate rises and expense reductions will mitigate challenging operating conditions over the next 12 to 18 months. While upcoming civil, legal and regulatory reforms may be positive for the industry, they also elevate uncertainty and are insufficient to positively influence the outlook... Full Report
• 29 Apr 2013
  • Growing recourse to burden-sharing in EU bank resolutions points to reduced likelihood of systemic support
    The steady policy progression towards resolving banks by governmental burden-sharing with creditors is likely to continue, as declining political tolerance amid stabilizing markets means a greater willingness to permit creditor losses. The recent imposition of losses (bail-in) on all classes of unsecured bank creditors in Cyprus was another step toward broader burden-sharing, and has contributed to an acceleration of efforts to achieve a banking union, as well as a bank resolution framework in the EU in advance of the original 2018 target date… Press Release l Full Report
• 17 Apr 2013
  • Greek banking system outlook negative
    Our outlook on the Greek banking sector is negative, as it has been since 2010. The negative outlook reflects our view that the stressed operating environment - characterised by deep and prolonged economic contraction - combined with still-high sovereign exposures, will continue to erode banks’ asset quality, capital, profitability and funding... Full Report