04 Jun 2018
The European Commission has presented its proposal on developing a new class of low-risk assets in the form of sovereign bond-backed securities (SBBS). The new security, whose goal is to enhance diversification and reduce sovereign bond risk in the euro zone, was included in the European Commission’s roadmap. The plan unveiled in December 2017 aims to deepen European Economic and Monetary Union.
16 May 2018
Of the tax revenue paid by Europeans, only one euro per taxpayer is used to finance the EU’s budget. In total, the EU manages a budget of about 1% of the gross national income of its member states. Nonetheless, how this money is invested directly impacts Europeans’ lives; it is therefore of interest to understand the EU budget as of 2021, the first spending plan after the UK’s exit from the EU.
20 Apr 2018
The Eurosystem is the monetary authority of the euro area. It comprises the European Central Bank (ECB) and the national central banks of the Member States whose currency is the euro. Its primary objective is the maintenance of price stability, and specifically, keeping inflation in the euro area (calculated based on internal stats of the ECB) “close to but under 2 per cent.”
18 Apr 2018
The creation of a Single European Market without borders or customs duties is considered one of the greatest achievements of the European Union. The common market is now 25 years old and finds itself at a moment of crucial change in which digital disruption requires new products and services to be regulated.
25 Jan 2018
BBVA Group Executive Chairman Francisco González said that this year “50% of our customer base will be accessing us through digital channels.” Speaking at the World Economic Forum in Davos, Switzerland, Francisco González also gave his views on the current economic and political situation, the finance industry and the digital transformation of the BBVA Group.
12 Jan 2018
In late 2017, the European Commission established a roadmap for deepening the European Economic and Monetary Union (EMU). The plan represented yet another step towards the economic integration of the EU, during a political year marked by the elections in the Netherlands, France and Germany and the Brexit negotiations with the United Kingdom. One of the most far-reaching proposals is transformation of the current European Stability Mechanism (ESM) into a European Monetary Fund (EMF). The year 2018 opens with the challenge of implementing this proposal.
13 Dec 2017
The outlook for Argentina’s economy in 2018 remains optimistic, with GDP expected to expand by nearly 3% for the second consecutive year. However, achieving sustained growth and attracting international investment will depend, not just on stable macro indicators, but on long-lasting structural reforms. While the initial signs of economic recovery became apparent in the second half of 2016, it wasn’t until mid-2017 that growth rates began to pick up across most industries.
24 Nov 2017
The European Investment Bank (EIB) and BBVA have joined forces to help provide Spanish SMEs the funding they need to implement their digitization and innovation strategies. EIB Vice President Román Escolano, and the Head of BBVA Spain, Cristina de Parias, signed an agreement today in Madrid through which the EIB will provide BBVA €150 million to finance SME investment projects related to innovation and digitization. BBVA will provide an additional €150 million of its own resources to fund this new line of credit.
30 Oct 2017
Digitization is primarily an English term. According to a report, the U.S. and U.K. are the countries whose economies are the most prepared for a fourth industrial revolution.
29 Sep 2017
After seven years of negotiations, the Canada-Europe Trade Agreement, CETA, has entered into force provisionally. Under this bilateral agreement, the most ambitious signed to date by Brussels, most custom duties levied on trade flows between both countries will be scrapped.
27 Sep 2017
The recent elections in Germany have ended this year’s electoral cycle in Europe. With euroscepticism weighing in at the ballot box, it’s now up to the European Union to bring its institutions closer to the continent’s citizens, according to José Manuel González-Paramo, Executive Director of BBVA, speaking at a conference on “The New Europe: Challenges and Opportunities” organized by ADEIT.
30 Aug 2017
After barreling into the state of Texas, as one of the largest and most damaging Hurricanes in U.S history, Hurricane Harvey continues to devastate the Corpus Christi-Houston-Galveston area with catastrophic destruction, human losses, and unprecedented flooding.
As the region begins to pick up the pieces in the weeks, months and years to come, there is a growing concern about the impact that Hurricane Harvey will have on the regional and national economy.
On March 25, 1957, representatives from the six founding countries of the European Community put their signatures to the Treaties of Rome, consisting of blank pages due to a problem with the printing. Sixty years on, Europe “is an enormous success”, but today it also has “blank pages still to be filled in” for the project to continue with its process of completion. This was the metaphor used by Jose Manuel González-Páramo, the CEO of BBVA, to describe the current situation of the EU.
18 Aug 2017
Urbanization in Latin America began to increase in the second half of the 20th Century, to reach nearly 80% of the population today. In spite of the great expansion in recent decades, BBVA Research predicts that there will be a certain moderation in this growth, until it reaches 86%.
11 Aug 2017
Garanti Bank believes that for any economy to achieve further growth, the participation of women in the labor force is crucial. Women must be encouraged to be entrepreneurs, and women- owned businesses must be supported. Garanti took action in 2006, becoming the first private bank to define women entrepreneurs as a separate client segment. “To empower women entrepreneurs”, Garanti Bank has had a sustainable Women Entrepreneurs program over a decade. In this respect, the activities focus on four core areas; access to finance, encouragement, education and penetrating new markets.
02 Aug 2017
The Financial Times’ The Banker magazine has awarded BBVA Data & Analytics with their Technology Project of the Year award in the category of Risk Management.
21 Jul 2017
Latin America has to foster the right conditions to strengthen its digital ecosystem. However, it faces an obstacle: the digital gap that separates it from other regions in the world. How can this gap be reduced? At a forum of “multi-Latina” companies in Santander, Eva Piera, the Head of Institutional Relations at BBVA stressed that regulation is the key.
19 Jul 2017
BBVA Research places Spain at 30th in the digitization ranking of 100 countries, an intermediate position behind nations such as Germany or France, but ahead of other southern European countries like Italy or Portugal. However, Spain “is much better prepared for the Fourth Industrial Revolution than it was for the previous ones,” says Rafael Doménech, head of Macroeconomic Analysis at BBVA Research.
07 Jul 2017
13 Jun 2017
Edufin Summit 2017, the first annual meeting of the BBVA Center for Financial Education and Capability, has a packed agenda full of the sector’s latest trends. One of the most relevant topics at this summit will be behavioral economics, or in other words, how people’s behavior affects the economy.
09 Jun 2017
The International Bank Note Society (IBNS) has chosen the 50 Swiss Franc bank note as the winner of its “Bank Note of the Year Award” for 2016. The bank note, which depicts a hand holding a dandelion, was chosen after a tight voting process. The three runner ups were the Maldive Islands 1000 Rufiyaa, Argentina’s 500 Peso, and the Royal Bank of Scotland’s 5 Pound bank notes.
Together with these 4 finalists, the IBNS chooses what are considered to be, overall, the 18 best bank notes in the world in 2016.
07 Jun 2017
Within the varied and, for many people, unfamiliar jargon of the stock trading world are the terms “squeeze-out’ and ‘sell-out.’ Both refer to mechanisms for the forced purchase and sale of shares, and are closely linked to the context of a takeover bid.
22 May 2017
BBVA will be hosting the first seminar with Latin American regulators this week, during which the region’s top officials will analyze how to apply and regulate innovation in the banking services of the future.The event is organized in partnership with the Inter-American Development Bank (IDB) and will be held at BBVA Bancomer’s Innovation Center, Mexico City, on Tuesday and Wednesday.
11 May 2017
Regulators, service providers, consulting firms and banks leading the transformation process participated in a workshop organized by the European Digital Forum to analyze how to increase the competitiveness of the European economy and drive innovation through ‘cloud computing.’
04 May 2017
For two days, the corporate community of the G20 – the Business 20, or B20 – met in Berlin to discuss how to create a sustainable global economy in the future. At the end of the summit, the B20 presented its 20 recommendations for the G20 political leaders to German Chancellor Angela Merkel. BBVA played an important role in the meeting.
20 Apr 2017
BBVA CEO Carlos Torres Vila considers that “it’s an exciting time for the financial sector, due to everything that data and technology are allowing us to do.” In a conference held this Thursday in Madrid by the ABC-Deloitte Forum, he shared his upbeat view about the transformation journey that BBVA is on: “We want to turn data into opportunities for our customers”.
17 Apr 2017
The interconnectedness of the world’s fintech communities was the focus of the Innovate Finance Global Summit in London last week. With more than 30 countries represented, and in excess of 2,000 people in attendance, the main topic of discussion was how these international fintech hubs could better work together.
05 Apr 2017
The European Commission’s Fintech Task Force held its first conference in Brussels. BBVA was the only incumbent bank invited to the meeting where the Group’s contribution to promoting digital financial services was recognized.
04 Apr 2017
On April 4 the new €50 note will enter into circulation. This new note, presented on July 5, 2016 by the European Central Bank will be phased in gradually and will coexist with the preceding model, which will remain legal tender. Thus, the ECB completes another step in the rollout of the Europa series, and follows the €5, €10 and €20 notes, which have already been issued. Reinhold Gerstetter, independent banknote designer was selected to refresh the design of the notes.
30 Mar 2017
There has been an increasing focus on sustainable finance and on the impact of the climate change for the financial stability since 2015 year. Having said that, sustainable finance and the analysis of the consequences of climate change for the financial system are still in a very nascent stage and there is still a lot of work to be done. Two leading projects that are a step in the right direction are those of the Financial Stability Board (FSB) Task Force on Climate-related Financial Disclosures (TCFD) Recommendations -at global level- and the creation of a European Expert Group on sustainable finance -in the EU.
29 Mar 2017
After the positive surprise of growth in Q3 2016 (+2% y-o-y) and the developments that took place in the final months of the year, we expect GDP for 2016, which will be disclosed in May, to close at about 1.2%, finally pulling out of the stagnation of recent years, and leaving a positive momentum for 2017.
22 Mar 2017
B20 (the official business dialogue of the G20) defends that the world’s 20 most developed countries should promote inclusive growth, while ensuring the financial stability of the system. BBVA Executive Board Director José Manuel González-Páramo, in his capacity as co-chair of the Financing Growth and Infrastructure taskforce, explained today in Paris the importance of developing a coherent and proportionate regulatory framework, especially in the digital regulation arena, as fundamental pillar to promote inclusive growth.
14 Mar 2017
BBVA Compass economists lay out their reasons for raising their estimate to three rate hikes in 2017 in their latest Fed Watch report, pointing to the underlying strength of the economy and a series of hawkish speeches by key Federal Open Market Committee members.
13 Mar 2017
Alibaba’s payments arm is playing a key role in the company’s success. But Ant Financial is much more than just that: it is the biggest fintech in the world. The company recently achieved a market valuation that more than doubles Airbnb’s value and is almost on par with Uber’s capitalization.
08 Mar 2017
Wanted: entrepreneurs, CEOs, mathematicians, scientists. The fintech world needs more female talent. This is the irrefutable conclusion of the many different studies on the subject. Experts say it isn’t simply a question of numbers. There are also much more profound factors that could benefit industries such as the fintech sector. Given their influence in the global economy, women can help develop specific products and solutions for needs that have not yet been identified, or sufficiently explored.
23 Feb 2017
If you were pressed to name the skills that are earning a premium in today’s job market, you’d likely list software-coding or data analysis. You wouldn’t be wrong. But we’ve found that skills like cognitive and social intelligence, entrepreneurial and leadership skills, the ability to adapt and innovate — skills that can’t be automated, in other words, at least not yet — are also earning a premium. And that is good news for low-skilled workers who may be fearful for their futures in a world of unrelenting technological change and globalization.
21 Feb 2017
09 Feb 2017
BBVA leads the ranking of the 11 banks and fintech firms developing the best open platform strategy, according to 11FS. The fintech consulting firm notes that BBVA “has taken the bull by the horn” by making a wide range of APIs available to developers through the BBVA API Market.
01 Feb 2017
23 Jan 2017
The Group celebrated the second edition of BBVA Brainstorm, an in-company event created to provide all bank employees with a first-hand update on how of the bank’s most strategic projects are progressing and what kind of work is being conducted.
09 Jan 2017
Big data, virtual reality, social networks… The dizzying changes that technology is bringing about in society are reflected in the world of work, where new jobs and responsibilities are being created. This is a short guide that will help explain to your parents what your work consists of, or will help you understand what your children are doing.
07 Dec 2016
One of the keys to success for an API platform is that it needs to be an independent business, set up to encourage financial innovation, according to Shamir Karkal, BBVA’s Head of Open APIs.
26 Oct 2016
Atom Bank has been recognized as one of the most innovative startups in the 2016 Fintech 100 ranking. BBVA has a 29.5% stake in the mobile-only bank operating in the U.K.
21 Oct 2016
Banks play a critical role as providers of funds to the real economy. In this regard, the active management of the balance sheet has become more and more important, and is now a strategic area for financial institutions. Some of its key goals are guaranteeing liquidity, strengthening solvency and reducing exposure to credit risk.
10 Oct 2016
Anthony Thomson, founder of Atom Bank, is absolutely clear about his career goal: He wants to redefine customers’ everyday relationship with money, he wants to improve it. He is aware that the financial sector is in the midst of a revolution marked by an unstoppable wave of disruption. “The first change is that money is data and data are the main product of our business” he said during his address in South Summit, where he unveiled three essential challenges that all companies must face to survive in this paradigm shift.
06 Oct 2016
BBVA Research economists say that despite U.S. GDP showing a healthy rebound in the third quarter, the die has been cast after two consecutive quarters of weak growth. They expect the GDP growth rate in 2016 to be 1.6 percent, the lowest in seven years.
22 Sep 2016
Over the past eight years, we have seen markets panic on a number of occasions. Normally, there was a good reason for the sudden market crashes. Let’s take a look at the periods of greatest market volatility and analyze the central banks’ responses to reassure investors.
25 Aug 2016
The New Deal, the interventionist program Roosevelt promoted to soften the blow from the 1929 Wall Street Crash, meant that investment and retail banking must operate separately for the first time in history. After being separated in 1933, they began to develop independently during a period of economic boom in the U.S.