Financial and Banking Newsletter Archives - IREF Europe https://en.irefeurope.org/tag/financial-and-banking-newsletter/ Independent research and policy analysis on fiscal, monetary, and regulatory issues in Europe Wed, 02 Jul 2025 03:38:17 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://en.irefeurope.org/wp-content/uploads/sites/3/2026/04/IREF-LinkedIn-Profile-DarkBlue-scaled.png Financial and Banking Newsletter Archives - IREF Europe https://en.irefeurope.org/tag/financial-and-banking-newsletter/ 32 32 The Myth of European Banking Recovery https://en.irefeurope.org/publications/iref-newsletter/article/the-myth-of-european-banking-recovery/?utm_source=rss&utm_medium=rss&utm_campaign=the-myth-of-european-banking-recovery https://en.irefeurope.org/publications/iref-newsletter/article/the-myth-of-european-banking-recovery/#respond Wed, 02 Jul 2025 03:38:17 +0000 https://en.irefeurope.org/?p=35948 Introduction The overwhelming view of financial sector and media is that banks have made strong recoveries from the problems of 2007-9.  Earnings are resilient, share prices strongly up in 2024,…

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]]> https://en.irefeurope.org/publications/iref-newsletter/article/the-myth-of-european-banking-recovery/feed/ 0 Europe’s Competitive Future, Continued Paralysis or Capital Markets Union and Greater Integration? https://en.irefeurope.org/publications/iref-newsletter/article/europes-competitive-future-continued-paralysis-or-capital-markets-union-and-greater-integration/?utm_source=rss&utm_medium=rss&utm_campaign=europes-competitive-future-continued-paralysis-or-capital-markets-union-and-greater-integration https://en.irefeurope.org/publications/iref-newsletter/article/europes-competitive-future-continued-paralysis-or-capital-markets-union-and-greater-integration/#respond Tue, 01 Oct 2024 03:17:38 +0000 https://en.irefeurope.org/?p=35634 In mid-September former ECB President Mario Draghi published a 400-page report recommending changes necessary to boost the EU’s competitiveness.  Although couched in broadly positive language, the document did little to…

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]]> https://en.irefeurope.org/publications/iref-newsletter/article/europes-competitive-future-continued-paralysis-or-capital-markets-union-and-greater-integration/feed/ 0 CBDCs: the hottest topic in central banking. What form of Central Bank Digital Euro should the ECB Launch? https://en.irefeurope.org/publications/iref-newsletter/article/cbdcs-the-hottest-topic-in-central-banking-what-form-of-central-bank-digital-euro-should-the-ecb-launch/?utm_source=rss&utm_medium=rss&utm_campaign=cbdcs-the-hottest-topic-in-central-banking-what-form-of-central-bank-digital-euro-should-the-ecb-launch https://en.irefeurope.org/publications/iref-newsletter/article/cbdcs-the-hottest-topic-in-central-banking-what-form-of-central-bank-digital-euro-should-the-ecb-launch/#respond Wed, 20 Mar 2024 06:40:54 +0000 https://en.irefeurope.org/?p=35416 Introduction – 130 Central Banks have CBDC Projects Since we last reported on the ECB’s thinking about CBDCs1, multiple central banks have undertaken research in designing, operating and selling CBDCs.…

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]]> https://en.irefeurope.org/publications/iref-newsletter/article/cbdcs-the-hottest-topic-in-central-banking-what-form-of-central-bank-digital-euro-should-the-ecb-launch/feed/ 0 The Passing of Jacques Delors, Architect of the Euro. How will his Legacy Play Out? https://en.irefeurope.org/publications/iref-newsletter/article/the-passing-of-jacques-delors-architect-of-the-euro-how-will-his-legacy-play-out/?utm_source=rss&utm_medium=rss&utm_campaign=the-passing-of-jacques-delors-architect-of-the-euro-how-will-his-legacy-play-out https://en.irefeurope.org/publications/iref-newsletter/article/the-passing-of-jacques-delors-architect-of-the-euro-how-will-his-legacy-play-out/#comments Wed, 24 Jan 2024 06:21:19 +0000 https://en.irefeurope.org/?p=35348 Introduction – the life and career of M. Jacques Delors, 1925-2023 Born in the interwar years, Jacques Delors joined France’s central bank aged 20, where he worked for seventeen years.…

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]]> https://en.irefeurope.org/publications/iref-newsletter/article/the-passing-of-jacques-delors-architect-of-the-euro-how-will-his-legacy-play-out/feed/ 1 How are Central Banks Likely to Appraise the Future Viability of Neobanks? https://en.irefeurope.org/publications/iref-newsletter/article/how-are-central-banks-likely-to-appraise-the-future-viability-of-neobanks/?utm_source=rss&utm_medium=rss&utm_campaign=how-are-central-banks-likely-to-appraise-the-future-viability-of-neobanks https://en.irefeurope.org/publications/iref-newsletter/article/how-are-central-banks-likely-to-appraise-the-future-viability-of-neobanks/#respond Wed, 26 Jul 2023 07:29:29 +0000 https://en.irefeurope.org/?p=35174 Questionable business models in Fintech have been exposed, as predicted, in response to rising interest rates.  In Europe, the UK and US, rates have risen from near zero levels at…

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]]> https://en.irefeurope.org/publications/iref-newsletter/article/how-are-central-banks-likely-to-appraise-the-future-viability-of-neobanks/feed/ 0 Croatia has Joined the Eurozone. Let’s Look at the Upside, with also a little Caution https://en.irefeurope.org/publications/iref-newsletter/article/croatia-has-joined-the-eurozone-lets-look-at-the-upside-with-also-a-little-caution/?utm_source=rss&utm_medium=rss&utm_campaign=croatia-has-joined-the-eurozone-lets-look-at-the-upside-with-also-a-little-caution https://en.irefeurope.org/publications/iref-newsletter/article/croatia-has-joined-the-eurozone-lets-look-at-the-upside-with-also-a-little-caution/#respond Wed, 18 Jan 2023 05:09:42 +0000 https://en.irefeurope.org/?p=34774 Introduction – Recent ECB Policy Developments Croatia became the 20th Eurozone member on January 1. Regular readers know our often expressed view that the euro is a deeply flawed currency…

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]]> https://en.irefeurope.org/publications/iref-newsletter/article/croatia-has-joined-the-eurozone-lets-look-at-the-upside-with-also-a-little-caution/feed/ 0 The New UK Prime Minister Sunak https://en.irefeurope.org/publications/iref-newsletter/article/the-new-uk-prime-minister-sunak/?utm_source=rss&utm_medium=rss&utm_campaign=the-new-uk-prime-minister-sunak https://en.irefeurope.org/publications/iref-newsletter/article/the-new-uk-prime-minister-sunak/#respond Wed, 16 Nov 2022 10:48:08 +0000 https://en.irefeurope.org/?p=34722 There was universal relief in the UK and international media at the demise of Prime Minister (PM) Liz Truss and her replacement by the man she had recently defeated in…

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]]> https://en.irefeurope.org/publications/iref-newsletter/article/the-new-uk-prime-minister-sunak/feed/ 0 To what Extent Can the ECB Override Financial Markets? https://en.irefeurope.org/publications/iref-newsletter/article/to-what-extent-can-the-ecb-override-financial-markets/?utm_source=rss&utm_medium=rss&utm_campaign=to-what-extent-can-the-ecb-override-financial-markets https://en.irefeurope.org/publications/iref-newsletter/article/to-what-extent-can-the-ecb-override-financial-markets/#respond Wed, 21 Sep 2022 07:04:08 +0000 https://en.irefeurope.org/?p=34632 Towards the end of August, every year investors focus on the Jackson Hole conference of the central banking global elite. Given widespread acceptance among central bankers that non-temporary inflation is…

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]]> https://en.irefeurope.org/publications/iref-newsletter/article/to-what-extent-can-the-ecb-override-financial-markets/feed/ 0 ECB Policymakers Run Out of Options; Antifragmentation Cannot BOTH Address Inflation AND Contain Spreads https://en.irefeurope.org/publications/iref-newsletter/article/ecb-policymakers-run-out-of-options-antifragmentation-cannot-both-address-inflation-and-contain-spreads/?utm_source=rss&utm_medium=rss&utm_campaign=ecb-policymakers-run-out-of-options-antifragmentation-cannot-both-address-inflation-and-contain-spreads https://en.irefeurope.org/publications/iref-newsletter/article/ecb-policymakers-run-out-of-options-antifragmentation-cannot-both-address-inflation-and-contain-spreads/#respond Wed, 20 Jul 2022 06:57:42 +0000 https://en.irefeurope.org/?p=34540 When the history of the euro currency’s rise and decline in popularity is written, the month of June 2022 will be viewed as decisive. In June, the ECB committed to…

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]]> https://en.irefeurope.org/publications/iref-newsletter/article/ecb-policymakers-run-out-of-options-antifragmentation-cannot-both-address-inflation-and-contain-spreads/feed/ 0 Rising Rates (Everywhere Except the Eurozone) Expose the Fintech Chaff. The Unintended Consequences of Ill-Conceived Regulations. https://en.irefeurope.org/publications/iref-newsletter/article/rising-rates-everywhere-except-the-eurozone-expose-the-fintech-chaff-the-unintended-consequences-of-ill-conceived-regulations/?utm_source=rss&utm_medium=rss&utm_campaign=rising-rates-everywhere-except-the-eurozone-expose-the-fintech-chaff-the-unintended-consequences-of-ill-conceived-regulations https://en.irefeurope.org/publications/iref-newsletter/article/rising-rates-everywhere-except-the-eurozone-expose-the-fintech-chaff-the-unintended-consequences-of-ill-conceived-regulations/#comments Wed, 18 May 2022 05:04:31 +0000 https://en.irefeurope.org/?p=34434 Tech has been on a tear for 15 years, and European financial technology (fintech) has been encouraged for multiple reasons, not the least of which is that the financial authorities…

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