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      Italian bank quarterly: upbeat guidance to better earnings in 2024 should be treated with caution

      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.

      Structured Finance Activity Report: negative rating drift continues reversal

      14/2/2024 Research EN

      Structured Finance Activity Report: negative rating drift continues reversal

      Scope’s 12-month trailing negative rating drift in structured finance continued to subside in Q4 2023, moving further off the trough reached in Q2 2023. The downtrend started in Q4 2021 owing to the deteriorating economic environment.

      Italian NPL collections: lower extrajudicial proceeds drag 2023 volumes down

      13/2/2024 Research EN

      Italian NPL collections: lower extrajudicial proceeds drag 2023 volumes down

      December Italian NPL collections rose by 87% month-on-month to EUR226m. But they were still 12% below the average of December 2021 and 2022. Collections for the whole of 2023 fell by 21% against the previous two-year average.

      The Wide Angle – Artificial Intelligence: friend or foe for banks?

      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.

      European Bank Capital Quarterly: different Basel 3.1 timelines create challenges

      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.

      Scope updates its Financial Institutions Rating Methodology following call for comments

      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.

      Webinar – European Bank Capital

      6/2/2024 Research EN

      Webinar – European Bank Capital

      Thursday, February 22nd 2024 - 3:30 PM (CET)

      Italian CQS ABS: Marzio Finance performance snapshot

      25/1/2024 Research EN

      Italian CQS ABS: Marzio Finance performance snapshot

      Scope Ratings has published the performance overview of notes issued by Marzio Finance, a EUR 10bn securitisation programme backed by ‘cessione del quinto’ and ‘delegazione di pagamento’ (CQS) loans originated by IBL Banca.

      Italian NPL securitisation: negative ratings drift likely to abate but outlook subdued

      25/1/2024 Research EN

      Italian NPL securitisation: negative ratings drift likely to abate but outlook subdued

      Expectations for a soft landing and a normalisation of economic and monetary conditions are likely to cause negative ratings drift to abate even while servicer performance continues to undershoot expectations. Our outlook remains skewed to the downside.

      Scope updates its General Structured Finance Rating Methodology and calls for comments

      23/1/2024 Research EN

      Scope updates its General Structured Finance Rating Methodology and calls for comments

      No impact expected on existing ratings