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July 2016| No. 403DossierThe new environment for bankingContent available in catalan spanish Print Download File Editorial The new environment for banking Enric Fernández Key points of the month The post-Brexit panorama Forecasts and indicators ForecastsKey indicators financial marketsKey indicators international economyKey indicators European UnionKey indicators Spanish economy Financial markets Economic outlook Brexit sends shockwaves through the markets, causing investors to seek safe havens Focus Ultra long-dated bonds: the wood for the trees Focus Europe vs. US stock market: mind the gap International economy Economic outlook Global economy is growing in spite of the risks resulting from the Brexit Focus An overview of the improvement in the US labour market Focus Emerging currencies: where they are and where they are going European economy Economic outlook Brexit: strong impact on the United Kingdom, more diffused in the EU Focus TARGET2: operation liquidity Focus Smaller and less productive firms in a fragmented European market Spanish economy Economic outlook The Spanish economy is navigating more unfavourable external waters Focus Internal devaluation, key to boosting exports Focus The sustainability of the Social Security accounts: a job to be done Focus Spain's agri-food sector: the garden of Europe and much more DossierThe new environment for banking Focus The (r)evolution in the regulatory and supervisory framework resulting from the crisis Gerard Arqué Focus Profitability and risks for European banks: diverging trends Pau Labró Focus The banking sector and the capital markets: union creates strength Carlos Martínez Sarnago Focus Online marketplace lending: an alternative to bank financing? Denis Nakagaki
Focus The (r)evolution in the regulatory and supervisory framework resulting from the crisis Gerard Arqué