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November 18, 2019

The culmination of the banking union: a German proposal

Following the financial crisis that led to a European sovereign crisis in 2012, the European Commission developed a roadmap for the creation of the banking union, based on three key pillars: the Single Supervisory Mechanism (SSM), the Single Resolution Mechanism (SRM) and the Deposit Guarantee Scheme (DGS).

September 23, 2019

Will sovereign risk premiums continue to fall?

In recent months we have witnessed a notable compression in sovereign CDS at the global level, in an economic scenario that is full of uncertainty and in which public debt is at an all-time high.

September 13, 2019

The Mexican financial system has shown an orderly adjustment to a complicated environment

Through the “Financial Stability Report” (REF), Banco de México (Banxico) monitors the main risks and vulnerabilities that could affect the stability of the Mexican financial system.

September 13, 2019

Country Risk Quarterly Report. Third Quarter 2019

The search for yield and looser monetary policies across the board, favor sovereign spreads compression, despite a worsening global outlook, poorer incoming data and balance of risks, and the lack of improvement of fiscal disequilibria.

June 20, 2019

Country Risk Quarterly Report. Second Quarter 2019

Against a background of increasing concerns on economic cycle strength and uprise of global trade tensions, the central banks' more dovish tone helps that financial tensions and global risk aversion remain bounded.

February 15, 2019

Mexico | The measures announced today do not solve Pemex’s structural problems

Financial support from the federal government will buy time, but Pemex's credit rating remains at risk. In January, Fitch downgraded the Pemex rating from BBB+ to BBB- after the outlook was revised to negative in October last year.

December 19, 2018

Sovereign risk in the euro zone and its treatment in banking regulation

The crisis has brought with it a notable increase in public debt in the countries affected, especially intense in the peripheral countries of the euro zone. The Greek crisis has fuelled a debate on the treatment of debt holdings in banking regulation and its consideration as a risk-free asset.

April 24, 2013

The significance of the eurozone banking union on the road to stability

Banking union helps breaking the loop between banking and sovereign risk