Sponsored Content
Vienna Initiative an Insurance Policy, not a Game Changer, Fitch Says
Sponsored Content
The principles adopted Tuesday in “Vienna Initiative 2.0” do not change Fitch’s base case expectation that central, eastern and south-eastern Europe (CESEE) will continue to see weak, or marginally negative, credit growth in the near-to-medium term.
Vienna Initiative an Insurance Policy, not a Game Changer, Fitch Says / Picture: © Fitch
The latest initiative does, however, reduce the risk of a more negative downside that would result from sharp regional deleveraging along with aggressive repatriation of parent bank funding and capital. It may also help to create a platform to promote banking sector stability in the region and, over time, gradually reduce system imbalances, the rating agency says.
“It has been…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
Fast News Search
Sponsored Content