14/2/2024 Research EN
Italian bank quarterly: upbeat guidance to better earnings in 2024 should be treated with caution
Italian banks had a record year in 2023, thanks to high commercial spreads and low loan-loss provisions. Operating conditions look less favourable now, with rate cuts expected from the second half and default rates set to rise gradually.
7/2/2024 Research EN
The Wide Angle – Artificial Intelligence: friend or foe for banks?
AI can boost the competitiveness and effectiveness of banks that are technologically, organisationally, and culturally advanced in digitalising and dismantling burdensome legacy structures. But it can be a foe.
6/2/2024 Research EN
European Bank Capital Quarterly: different Basel 3.1 timelines create challenges
European banks face new capital requirements from a sound position. Higher rates have bolstered organic capital creation and transition periods are long. But different rules and timelines across jurisdictions will be challenging for international banks.
6/2/2024 Research EN
Scope updates its Financial Institutions Rating Methodology following call for comments
Scope Ratings has updated its Financial Institutions Rating Methodology following the call for comments period, which concluded on 21 January 2024.
23/1/2024 Research EN
Systemic risk remains high in European housing market
Housing affordability is stretched and systemic risk a concern. Policy measures to improve financial system resilience can help. Germany might introduce borrower-based measures but they will need to be carefully calibrated to avoid further curbing supply.
22/1/2024 Research EN
Covered Bond Outlook: Back to a credit-driven buyer’s market
Active covered-bond supply so far this year is testament to a functioning market, but the end of ECB asset purchases has shown that the waters can become choppy: issuers and arrangers have to take care around timing and investor appetite.
19/1/2024 Research EN
The Wide Angle – European bank financials reassuring but cyber, other non-financial risks rising
Against a reassuring financial outlook for European banks, non-financial risks are growing. Banks need to remain sound because the ground under them feels shakier. The more innocent phase of globalisation of the last decades is under siege.
15/1/2024 Research EN
European Banking Outlook: sound fundamentals support credit profiles but profitability will decline
Scope has a stable outlook on the European banking sector, as better profitability, clean balance sheets and excess capital provide significant buffers against deteriorating operating conditions and moderate economic recovery.