We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Banco Santander, S.A. Sponsored Adr (Spain) | NYSE:STD | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.10 | 0.00 | 01:00:00 |
By Hans Bentzien
FRANKFURT--Deutsche Bank AG is the riskiest financial institution in the world as a potential source of external shocks to the financial system, according to the International Monetary Fund.
"Among the G-SIBs (globally systemically important banks), Deutsche Bank appears to be the most important net contributor to systemic risks, followed by HSBC and Credit Suisse," the IMF said in its Financial Sector Assessment Program.
The news came just after the Federal Reserve said U.S. units of Deutsche Bank and Spain's Banco Santander SA were the only ones among 33 banks that failed the final round of its "stress test," conducted to gauge how they would fare in a new financial crisis.
The IMF also said the German banking system poses a higher degree of possible outward contagion compared with the risks it poses internally.
"In particular, Germany, France, the U.K. and the U.S. have the highest degree of outward spillovers as measured by the average percentage of capital loss of other banking systems due to banking sector shock in the source country," the IMF added.
The importance of Deutsche Bank emphasizes the need for risk management, intense supervision and monitoring cross-border exposure as well as the ability of globally systemic banks to carry out new resolution regimes, the IMF said.
A Deutsche Bank spokesman declined to comment on the IMF assessment.
Germany needs to examine whether its resolution plans for banks are operable, including a timely valuation of assets to be transferred, continued access to financial market infrastructures, and whether authorities can ensure control over a bank if resolution actions take a few days, if needed, by imposing a moratorium, the IMF said.
Friedrich Geiger contributed to this article.
Write to Hans Bentzien at hans.bentzien@wsj.com
(END) Dow Jones Newswires
June 30, 2016 03:05 ET (07:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
1 Year Banco Santander Chart |
1 Month Banco Santander Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions