Germany’s Deutsche Bank (DBKGn.DE) is among roughly a dozen large European lenders that face higher capital requirements when new banking rules come into force in the coming years, several sources familiar with the matter told Reuters. The assessment has been made by the Basel committee of supervisors. Source: Reuters
GEFIRA provides in-depth and comprehensive analysis of and valuable insight into current events that investors, financial planners and politicians need to know to anticipate the world of tomorrow; it is intended for professional and non-professional readers.
Yearly subscription: 10 issues for 225€
The Gefira bulletin is available in ENGLISH, GERMAN and SPANISH.
The number of refugees striving for Europe has increased significantly in the countries south and east of the Mediterranean since the beginning of the year. This was reported by the “Bild” newspaper on Tuesday, citing a “Confidential” paper of the German security authorities. Source Diepresse
The European Central Bank warned there may be “excessive exuberance” in some European housing markets, driven in part by foreign buyers, that could spread to other areas in a “ripple effect.” Since 2010, house prices in European capital cities have risen far more than national averages, central bank said. Source Irish Times
The combined amount spent on the refugee crisis by the federal government totalled over €20 billion in 2016. Over half of the money was spent abroad aiming to stop the flow of migrants making the journey to Europe. Source The Local