Daniela Gabor and Jakob Vestergaard Last week, the European Commission launched its Action Plan for a European Capital Markets Union (CMU). By European standards, this ‘most significant EU proposal for the last […]
Letter by Robert Wade and Jakob Vestergaard, published in Financial Times yesterday (30/3-2015): Philip Stephens says that China’s plans for an Asian infrastructure bank, a Brics bank and a New Silk Road […]
Some of the largest banks have been in touch to complain about the recalculations of Europe’s stress test data that I published last week. Not a big surprise that they would. But I’ve accepted […]
Smoke and mirrors apart: it is France and Germany that have by far the largest equity funding shortfalls among Eurozone banks.* Further, the aggregate equity funding shortfall for European banking is much larger than the […]
Today marks the operational start of the Single Supervisory Mechanism (SSM), charged with supervision of European banks. A milestone paving the way for the SSM was the comprehensive assessment of European banking, […]
Putin’s political ambitions may come at high cost to the Russian economy. Current tensions between Putin and Western leaders, and the fear of tighter sanctions, are already causing trouble. The Russian government announced […]
With odds at 3:1, Brazil is favorites to win the World Championship in football this summer. Investors, on the other hand, will play Brazil cautiously this year, the Financial Times predicts. Why? […]
