Nowadays, more and more companies are committed to policies that encourage diversity in their work environments. In a panel at an ICMA Women’s Network event, held in Madrid, a group of women in leadership positions in various sectors of the industry debated issues such as unconscious biases in the workplace and the challenges they have had to face throughout their professional lives.

José Manuel González-Páramo called for Europe to move forward now, not “just when there’s a crisis”, and to conclude the banking union, the capital markets union and the fiscal union to have a “much more robust and genuine euro.” Speaking at the Círculo de Economía in Barcelona, he stressed the role that the ECB played in Europe’s recovery. However, the bank must now go back to its original purpose of “contributing to financial stability and separating supervision from monetary policy.”

Buenos Aires is currently welcoming the annual summit of the B20, or Business 20, as part of the Argentinian presidency of the G20 in 2018. Over 1,500 representatives of the business community have gathered in the Argentine capital to put forward their recommendations to the world’s main leaders.

Switzerland is the global center of private banking and a country many investors go to in search of diversification. But private banking is much more than that. It involves constant striving to understand the complexity of the financial markets in order to offer customers the best advice possible.

After announcing that he will be stepping down as BBVA Group Executive Chairman, which is set to take place at the end of December, Francisco González granted an interview to Spanish newspaper El Mundo. During the interview he went over his almost 18 year tenure at the helm of the bank, but mostly spoke about the future. Francisco González leaves a bank set for “huge success” in the new digital scenario, managed according to clear principles, by the best possible leader, Carlos Torres Vila.

The European Banking Authority (EBA) has launched its European banking transparency exercise for 2018. This is the fifth time the European supervisor has carried out this probe of the banks in the euro area. It will reveal its findings of 130 banks covering 900,000 data points in December.

The Single Supervisory Mechanism (SSM) has been scrutinizing EU banks’ business and profitability models since 2016. Among the findings of the review, published in a report, the supervisor shines the spotlight on the factors that undermine bank profitability, as well as the levers that can help boost it, including digitization. However, the report argues that offering digital products is not enough. Banks need to prepare their platforms to migrate from the analogue to the digital world.

After the hike in interest rates by the Central Bank of Turkey on September 13 (625 basis points from 17.75 percent to 24 percent), the Turkish government today (Thursday) unveiled a new economic program for the next three years (2019-2021). BBVA Research in a report released Thursday believes that both monetary policy and fiscal policy are now better geared toward correcting inflation and the imbalances of the Turkish economy.

BBVA has issued a €1 billion contingent convertible bond, or CoCo, (Additional Tier 1 or AT1) with a coupon of 5.875 percent, equaling its lowest-ever rate for this type of issue. High demand has allowed it to reduce the coupon by 50 basis points, from the initial 6.375 percent. This is a perpetual instrument (without a specific maturity date) over which the issuer reserves a call option in the fifth year.

The expiration of ECB Vice-President Vítor Constancio's term in June and the subsequent appointment of Luis de Guindos as his successor marked the beginning of the European Central Bank’s senior management renewal. But, how are ECB executive board members appointed?