Deustalks with Luis Zumárraga, Managing Director – Head of Capital and Derivatives Market Iberia at Barclays
The session is entitled: “La banca española en los mercados de capitales: construyendo una solvencia… a prueba de crisis.”
More than a decade after the start of the crisis, and after a deep consolidation process, the financial sector continues to face the challenges of completing the cleaning of non-productive assets, improving profitability in an environment of prolonged negative rates, and adapting its business model to the new digital environment, among others. There is no doubt, however, that the solvency levels of financial institutions, in the context of the new bank capital regulation have been immensely strengthened, with the aim of making them much more resilient to possible new stress scenarios without need to resort to public aid.
How do Spanish banks place their financing and capital in international wholesale markets? How has their access to them improved, supported by the boom in the Spanish economy? What is a “resolution” or “bail-in” process? What do the “CoCo issuance” (so common in recent years) or the “anti-crisis buffer” consist of? What is the cost of these high solvency requirements for banks (and ultimately for customers)? … These are some of the questions we will try to address!
