FECIF - The European Federation of Financial Advisers and Financial Intermediaries
banner74
ws2017-pannel_flagsFranceItalyEspaniaDeutschschlandCzechLuxembourgBelgium

See photos from the FECIF conference 2019

 

 

 

Josep Soler

Banks and investments, not yet safe from the Covid-19 crisis

It is time to make a first count of the economic harm of the pandemic crisis, although not all damage has occurred yet.

Firstly, we have all those companies that, disconnected from the artificial respirators, will definitely set sail and, with their closure, many jobs and much economic activity will be lost. Following those companies that will not be able to survive sixteen or more months of reduced activity, will arrive the growth of delinquency and all the precautions and doubts that an uncertain economic recovery generates in investment and, therefore, in bank credit.

Thus, it is a count of damages still provisional for both companies and banks, but necessary to deal with the planning of the immediate future with enough knowledge and information.

We should be particularly concerned about banks as the main providers in Europe of business finance, and as custodians of a large part of our savings. And about investment, understood as the final destination of all extra savings generated during the Covid-19‘s restrictions which are not going to fill deposits and current accounts that will only destroy our purchasing power.

The economic crisis induced by the Covid-19 pandemic will, sooner or later, reach a banking and financial sector that has accumulated more than a decade of very low or negative interest rates, a regulatory pressure perhaps useful for stability but costly and disruptive, and growing threats of competition, especially coming as a result of digitalisation. For banks, it has meant and is meaning a permanent and lasting threat...

 

  
 

The European Federation of Financial Advisers and Financial Intermediaries (FECIF) was chartered in June 1999 for the defence and promotion of the role of financial advisers and intermediaries in Europe.

FECIF, the only body representing European financial advisers and intermediaries, it is based in Brussels, the heart of Europe.

 

 

Stay informed about our activities. Subscribe to our monthly FECIF Newsletter:

 

 
Share |

 05 August 2021
GSCGI - IFA’s WealthGram No 108: PENSION REFORM IN EUROPE:
Make way for the 4th Pillar? >>
read

 30 July 2021
LK Shields Insights - EU Crowdfunding Regulation >>read

 29 July 2021
Latham & Watkins Blog - FCA Seeks to Improve Quality of ESG Fund Disclosures >>read

 28 July 2021
Latham & Watkins Blog - FCA Consults on Post-Brexit Changes to PRIIPS Regulation >>read

 01 July 2021
FECIF - ESG: a chance of empowerment for women - by Vania Franceschelli, Deputy Chairwoman FECIF >>read

 

 

NEW: FECIF Board Meeting 2018

Board Meeting July 2018 - Brussels, Belgium

 

 

 

 

 
fecif_db_button

 

 

 

fecif_logo

 

Fédération Européenne des Conseils et Intermédiaires Financiers (FECIF)
Avenue Louise 143/4
B-1050 Brussels
BELGIUM

©2020 FECIF  |  Privacy Policy  |  Legal  |  Copyright  |  Contact

 

 

FECIF is a member of:  

 

 

 

concept & design by ivan cuk