(Finance) – One of the reasons to be optimistic in Europe “are the Excellent conditions of the banking system“. He said it Massimo Mociopresident of ASSIOM Forex, at the 31st congress of financial market operators, adding that “for at least a couple of years now, banks are no longer the problem, but the solution of the problem. Today, they are a stable prerequisite and a Development factor for the European economy “.
“In the absence of a single capital market, European financial institutions are the greatest financier of families and businesses, as well as the main custodians of the huge amount of savings of European citizens – said Mocio – after years of negative rates and provisions to reduce “non performers Loans”, the budgets are solid, the levels of capital and High liquidity and – also thanks to the sudden rise in short -term interest rates – profitability is in strong improvement “.
“We can say that we broke up, definitively, behind the legacy of the great financial crisis – He explained – confirming the perception of greater solidity of the sector, the Italian banks have returned to quote at least their book value, after going down to a quarter of this value. In this optimistic scenario, it is however essential to keep in mind those that are the intrinsic risks of banking, including those: of the conjunctural nature, regulatory, and, not least, of the structure of the credit market “.
According to the president of ASSIOM Forex, “firstly, the current phase of reducing rates and weaknesses of the economic context will entail the contract of the margins of interest and, Ceteris Parius, a potential increase in suffering. The institutes will emerge that will prove to be able to accelerate the digital transition and diversify the business to preserve competitiveness and profitability. But at the same time, the reduction of the cost of capital will increase the commission component, linked to capital markets, investment banking and asset management activities “.
As for the risk of regulation, “is It is essential to exploit greater flexibility in implementing the final package of Basel III rulesto avoid competitive disadvantages to our banks. The United Kingdom has already opted to postpone in January 2027. At the same time, the declarations of the Trump administration seem to indicate a significant reduction in the regulatory requirements for American banks. The field will no longer be “leveled”: in the absence of an adaptation also in Europe, there is a risk of having a negative and disproportionate competitive impact for the institutes of the old continent “.