AIIB supports Paris and is not funding coal – Ngân hàng AIIB ủng hộ hiệp định Paris và không tài trợ cho than đá

Opening Address
Meeting of the AIIB Board of Governors
President Jin Liqun
June 16, 2017
As Prepared for Delivery

AIIB_Your Excellencies, the President of the Republic of Korea; the Deputy Prime Minister and Minister for Strategy and Finance; Distinguished Governors and Members of the Board of Directors; Honored Guests; Ladies and Gentlemen.

It is a great privilege and an honor for me to welcome you to the second Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank. Tiếp tục đọc “AIIB supports Paris and is not funding coal – Ngân hàng AIIB ủng hộ hiệp định Paris và không tài trợ cho than đá”

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The United States dominates global investment banking: does it matter for Europe?

Europe’s banks are in retreat from playing a global investment banking role, and this trend is likely to continue in the future. What will be the consequences and what should be the policy response?

By: and Date: March 7, 2016

BRUEGEL

Highlights

For the full references and the annex, please see the PDF version of this publication.

  • In the aftermath of the global financial crisis, the market share of US investment banks is increasing, while that of their European counterparts is declining. We present evidence that US investment banks are on the verge of taking over pole position in European investment banking. Meanwhile, since 2015, Chinese investment banks have overtaken American and European investment banks in the Asia-Pacific market.
  • Credit rating agencies and investment banks are the gatekeepers of the capital markets. The European supervisory institutions can effectively supervise the European operations of these US-managed players. On the political side, we suggest that the European Commission should continue to view its, albeit declining, banking industry as a strategic sector. The Commission, the European Central Bank and the Bank of England should jointly develop a strategic agenda for the EU-US Regulatory Dialogue.
  • Finally, corporates rely on investment banks to issue new securities. We recommend that the big European corporates should cherish the (few) remaining European investment banks, by giving them at least one place in otherwise US- dominated banking syndicates. That could help to avoid complete dependence on US investment banks.

Tiếp tục đọc “The United States dominates global investment banking: does it matter for Europe?”