bnp paribas

Global crisis

The tenth anniversary of the global financial crisis

Most of the media has reminded us that on August 9, 2007, BNP Paribas announced it was having problems calculating a reliable net asset value for three mutual funds. So the bank suspended redemptions. The most commonly held view is that this was the beginning – not the origin – of the crisis.


Final TLAC ratios will impact on Spanish sector revenues by around 4%

The Financial Stability Board (FSB) published information on the Total Loss Absorbing Capacity (TLAC) requirements for 2019 and 2022, which will be presented at the G-20 meeting later this month. Finally the TLAC ratio will be at the low end of expectations (16% and 18% respectively in those two years).


Why All Currencies Are National

By Jean Pisani-Ferry via CaixinActions by America’s Justice Department launching a probe against BNP Paribas are a reminder that the major international currency – the U.S. dollar – brings with it legal, judicial and political dimensions.