Fitch: Global Banking Conference Highlights

Mon Jun 10, 2013 9:03am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

LONDON/NEW YORK/SINGAPORE, June 10 (Fitch) Fitch Ratings' Global Banking Conference series kicks off today in Frankfurt, featuring discussion from our Financial Institutions and Sovereign groups on the expected key credit trends into 2014. Fitch has been hosting the Global Banking Conference for over 20 years. Below follows some highlight commentary from today's presentations. This annual series of events will also visit the following cities by late June: London, Paris, Madrid, Hong Kong, Singapore, Sydney, Toronto, New York. "This year's conferences address three broad, overarching questions. Firstly, why does growth remain so elusive in so many markets? Secondly, why is the progression of the global reform agenda so challenging? Thirdly, why has market sentiment towards banks actually improved somewhat over the past year?" says David Weinfurter, Head of Global Financial Institutions at Fitch. "We expect global GDP growth to strengthen from 2014, but to be uneven and fragile. In developed markets, reforms are vital if debt overhang and demographics are not to drag on long-term growth. Ratings in these markets remain under downward pressure. In emerging markets, growth potential is declining and there is a need to rebalance to more sustainable growth models. These markets have seen strong upgrades in recent years, but momentum for positive rating actions may have stalled," says Tony Stringer, Managing Director, Sovereigns at Fitch. "Banks' Use of Covered Bonds: 2013 Update - AmendedChinese Banks: Issuance of Wealth Management Products ModeratesU.S. Banking Capital Market Update: 1Q13 (Major U.S. Banks Post Healthy Results; Macro Issues Potentially Weigh on Future)ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: here. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.