Banks play a fundamental role in the planet’s sustainability due to their ability to finance sustainable activities and manage risks. This was the main topic discussed at a panel in Davos, Switzerland in which José Manuel González-Páramo participated. BBVA’s Executive Board Member and Head of Global Economics and Public Affairs encouraged all banks to join the Principles for Responsible Banking to press for this change. In his opinion, these principles give banks the opportunity to demonstrate their commitment to society.
Orlando Guntiñas Rubio
BBVA’s Global Transaction Banking, Strategy and Business Development department
The Global Economic Forum, which starts January 22nd in Davos, Switzerland, will unite the world’s political and economic elite. Yet the U.S. President, French President and British Prime Minister will not be in attendance. The organizers say this event is taking place at a crucial moment of transformative change.
International trade plays an essential role in our everyday lives: in both developed countries and emerging markets, a large part of the products and services result — either partially or totally — from commercial dealings with other countries.
The previous year has come to a close, and with it comes reflection on what 2018 brought. However, a look forward to 2019 can also have its advantages.
Several initiatives were launched in 2018 that will lead to new legislative developments - primarily related to the implementation of the Basel framework and the completion of two major European projects: the Banking Union and the Capital Markets Union. These are some of the regulatory trends for 2019 that BBVA Research principal economist María Victoria Santillana explores in an op-ed published in the newspaper, Expansión.
Global banks face six major challenges when tackling their anti-money laundering efforts: their international footprint, supervisory pressure, maximizing efficiency and effectiveness, leveraging technology, recognizing specialized talent and raising awareness among society about how important it is that everybody collaborates with financial institutions.
Under a borrowing program framework, Garanti Bank has received in excess of $1.3 billion in financing from international markets. The funding, as stipulated by the program framework, will be provided under two separate financing contracts and over four different tranches with 367-day, 2-year-and-one-day, and 7-year term loans.
BBVA Compass has appointed banking industry veteran Heather Sanchez as its new Ontario City President, where she will lead the market’s commercial banking operations and manage the local advisory board.