An exchange rate system, also called a currency system, establishes the way in which the exchange rate is determined, i.e., the value of the domestic currency with respect to other currencies. Choosing the currency system is a pivotal element of the economic policy adopted by a country’s government. The currency system has significant repercussions on the flexibility of the exchange rate and on other instruments of economic policy.

On May 1, BBVA Compass, through its Bright Futures initiative, and the Houston Dynamo kicked off Small Business Month by launching the second installment of “The Pitch.”  Small businesses and start-ups were encouraged to submit a business plan describing why they have a bright future in their industry.

At the Digital Business World Congress held in Madrid from May 23-25, BBVA explained why its Open APIs are the perfect tool for a new era of the digitized economy.

The European Banking Authority (EBA) has announced that in December 2017, it will publish the results of the fourth annual transparency exercise carried out on financial institutions in the euro zone. Nearly 600,00 data points from 130 banks will be published, covering key aspects of their balance sheets.

The agreement with ALD, a subsidiary of Société Générale and leader in the European vehicle leasing market, includes the sale of BBVA Autorenting, S.A.

The European Union has finished the first half of its match to create a common capital market among the 27 EU member states. But there’s still a second half ahead, with obstacles such as how to continue the project without the United Kingdom.