Systemic risk

Türkiye's Central Bank has announced a measure aimed at simplifying its micro and macroprudential framework.

In a statement released on June 25, the bank recalled that the Monetary Policy Committee (MPC) said following the rate-setting meeting on June 22 that the existing micro and macroprudential framework would be gradually simplified, guided by impact analyses.

The investment projects contracted under the Recovery and Resilience Fund now number 145, out of a total of approximately 400 investment projects submitted to banks for financing.

The funds invested last year in the housing market nationwide are estimated at over 8 billion euros, highlighting the upward trend in demand but also in prices.

This amount is high considering both the fact that banks no longer finance 100% of the value of properties to be purchased, and the fact that only 20% of purchases and sales are made through bank lending.

Uncertainty continues to pummel the banking industry, despite assurances from financial regulators and bankers such as Jamie Dimon this week that the worst of the recent crisis is over and the health of the banking system remains strong.

Bank shares have sold off on Wall Street this week following the government seizure and subsequent sale of First Republic Bank to JPMorgan.

Developments over the past week have felt eerily familiar for those of us who followed the global financial crisis in 2008. Analysts argued in early 2008 that Bear Stearns' problems were a result of poor management and a failure to hedge risk. The spread of instability to a European bank (Commerzbank) was considered to be limited. Sound familiar?

Do the almost simultaneous bank crises on the opposite sides of the Atlantic imply a disaster like the Lehman Brothers collapse?

Μore than half of Greek businesses are now seeking or anticipating their development, leaving behind the effort to simply survive in the successive crises that have hit the Greek and global economy.

Ljubljana – Banka Slovenije deems Slovenia’s financial system stable, but “the expected deterioration in economic conditions and inflation persisting at high levels means systemic risks to financial stability are elevated”, vice-governor Tina Žumber said as the central bank presented its latest Financial Stability Report on Tuesday.

The 31-year-old said she has been able to give her family-of-three financial stability

The -31-year-old said she has been able to give her family-of-three financial stability