The four big topics discussed this week were: Completing Economic and Monetary Union; Brexit; CCPs; and banking and its profitability.
Graham Bishop and Nick Crosby of Cambre Associates talked about this week's four big topics:
Completing Economic and Monetary Union: Graham Bishop has just updated his long-standing campaign for a Temporary Eurobill Fund - the key issue signalled would be to make the European Union more `communautaire'. The UK Parliament's House of Lords has launched an inquiry to investigate the proposals in the Five President's Report - Commission President Juncker just presented his new publication on a deeper and fairer Single Market, with specific focus on consumers and SMEs.
Banking profitability:Deutsche Bank has slashed 9,000 jobs in a 3.8 bn cost-cut in the EU. This might be put in perspective thanks to the EBA's risk dashboard for the EU banking sector, which points out that capital ratios have increased further to 12.5% on average and profitability has slightly improved. In line with all this, Reuters published that Europe's biggest investment banks are slimming down in a fight for survival, and on course to lose market share to their bigger U.S. rivals for the 10th straight year.
