Close panel

Close panel

Close panel

Close panel

Finance

Finance

Slow recovery of commodity prices and weak economic activity have affected tax revenue. This has lead to adjustments in government spending in many Latin American economies. Therefore, despite some recovery in commodity prices over recent months, BBVA Research has lowered its growth outlook for the region to an expected contraction of -1.1% in 2016. In its Latin America Economic Outlook report on the second quarter, BBVA Research affirms that it does expect to see 1.7% growth in 2017.

BBVA’s Innovation Center in Madrid hosted today the first global RegTech event,organized by the Institute of International Finance (IIF). The event was devised to foster interaction between regulators, financial institutions and technology firms specializing in the development of solutions aimed at supporting the regulatory compliance efforts of the banking industry. The meeting was attended by prominent members of the IIF, including BBVA’s Executive Chairman.

Spain’s corporate sector is the most endebted in Europe, and for most companies, banks have traditionally been the main source of funding.  For many this continues to be the case – particularly as in the current cero interest rate environment banks have become more competitive and less expensive. However, for those corporates looking to diversify their funding sources, or in search of longer tenors, a high yield bond issuance may be a good alternative.