“Everledger is a digital, global ledger that tracks and protects items of value… and it’s on the blockchain.” Nearly seven months have passed since Everledger CEO and founder Leanne Kemp used this pitch to explain Everledger at the BBVA Open Talent 2015 Europe finals. After winning the European title of BBVA’s startup contest, Everledger has continued its hard work and achieved several major accomplishments, including moving into new areas like fine art and ethical supply chain finance – with more on the way. [Just as of last week, Everledger was included in the prestigious ranking The FinTech 50 of 2016]
In 2015, green bond issues totaled 41.3 billion dollars, 15% more than the volume issued in 2014. The main issue currencies are the U.S. dollar and the euro, along with a very small proportion of other currencies which development banks are testing in their capital market development programs. BBVA Global Markets Research estimates that in 2016 these issues will reach at least 50 billion dollars, on a global basis.
Excerpt of the article published by Eduardo Arbizu, Head of Legal & Compliance at BBVA, in the Economic Studies Bulletin (“Boletín de Estudios Económicos”) where he defends corporate culture (understood as formulating and putting into practice a series of values) as an essential component to ensure the proper functioning of the financial system from an ethical standpoint.
BBVA launched today successfully its fourth issue of contingent convertible bonds, also known as CoCos (Additional Tier 1) for €1bn. With this issue, BBVA completes the 1.5% that can be computed as Additional Tier 1 Capital according to applicable regulations (CRD IV).
The contingent convertible capital instruments (CoCos) also known as Additional Tier 1 bonds are hybrid bonds that combines debt and equity elements. Its defining characteristic is that it may be converted into shares if the CET1 capital ratio drops below a specific level.
A concept under constant discussion in the corporate world, innovation remains unfinished business for many companies. Despite investing enormous amounts of time and money, innovation frequently fails, making it a frustrating pursuit for many companies. It is no easy task and even less so if innovation is not integrated in the company’s over-arching strategy.
The TTIP is a bilateral free trade agreement which aims to eliminate tariffs and reduce non-tariff barriers such as arbitrary differences in regulations and industry standards for products, services and foreign direct investment. The US and the EU account for over 40% of world trade and almost half of world GDP.
In 2011, Anil Aggarwal and Jonathan Weiner – Google employees at the time – organized an event in Las Vegas that aimed to bring together the main fintech actors. Five years later, Money20/20 has become the international benchmark for innovation in financial services.
This year, the fintech event will take place in Europe for the first time ever. The April 4th -7th Copenhagen event will include participants from startups, entrepreneurs, fintech executives and regulators. BBVA CEO Carlos Torres Vila will represent the bank at Money 20/20 and will be the only Spanish executive to be featured in the conference’s main stage.
Last year, the Group paid €2.82 billion in taxes on its activity across the world. The total amount of taxes paid over the year (including both own taxes and the third-party taxes it manages) was €8.16 billion. For the third year in a row, BBVA Group has published its total tax contribution figures, standing by its corporate transparency principle and its commitment to social responsibility.