The banking sector presents regulatory simplification proposals in Frankfurt to boost EU growth
The Spanish Banking Association (AEB) and CECA today held a meeting in Frankfurt, ‘Strengths of the Spanish Banking Sector in times of global transition’, presenting proposals for regulatory simplification of the banking sector aimed at strengthening economic growth and the competitiveness of the European Union.
AEB and CECA Reaffirm Their Commitment to Supporting Society
The banking associations AEB and CECA have signed a document committing to promote among their member institutions a series of operating principles to strengthen their support for society and channel it through specific measures.
Spanish banks strengthen their position with €30,000 million and reduce their losses to €8,390 million through September
Spanish banks recorded losses of €8,390 million during the first nine months of 2020. The positive results achieved in the third quarter of the year made it possible to reduce by €3,141 million the negative attributable result recorded through June.
National Police, Civil Guard and AEB collaborate in the global action against money laundering through money mules
More than 650 banks and 17 banking associations have joined the fight against fraudulent mule transactions and have helped prevent losses of €12.9 million, as part of the fifth European Money Mule Action (EMMA5), which took place between September and November 2019.
AEB Presents the 2019 National Financial Education Award
The President of the Spanish Banking Association, José María Roldán, and the Director General of the Junior Achievement Foundation, Blanca Narváez, presented the 2019 National Financial Education Award today to students from Divina Pastora School in Getafe, Madrid.
Expertclick Is Born: The Technology School for Seniors
The Cibervoluntarios Foundation and the AEB Foundation, of the Spanish Banking Association (AEB), are launching ‘Expertclick’, a training program in the use of new technologies for people over 55 living in rural areas.
The AEB supports the Principles for Responsible Banking
The Principles for Responsible Banking, a financial sector initiative of the United Nations Environment Programme (UNEP FI), were launched yesterday in Paris. This initiative has received initial support from 28 banks worldwide, representing over $17 trillion in combined assets, and was attended by ten CEOs of financial institutions. The principles establish a global benchmark for banking in terms of sustainability and provide practical guidance for action to create value for their shareholders and society in general.
Spanish banks obtain a profit of €7.12 billion through June, 2.3% higher
Lower provisions requirements, maintenance of recurring margins in the profit and loss statement, and cost containment drive the profit of Spanish banks through June, despite the average balance sheet being lower than a year earlier.
Ten-point guide to avoid ‘boiler rooms’
The term “boiler room” informally defines those entities that offer and provide investment services without being authorized to do so. They are dangerous because, in most cases, the apparent provision of such services is merely a cover to misappropriate their victims’ capital, leading them to believe they are making a high-yield investment.
Position of AEB and CECA on the establishment of a banking tax to finance pensions
Increasing the tax burden on the financial sector would hinder the role it plays in economic and social progress, with particular impact on its contribution to employment and economic activity through credit granting. Likewise, it would mean a disadvantage for Spanish entities in the European context.