European banks face some headwinds to their operating performance - not least from decreasing interest rates - and the pace and extent of decline in operating income will vary across banks and systems.  Banks’ capacity to effectively manage their deposits, interest rate risks and operational costs without taking undue risks will make a meaningful difference to their earnings performance in 2025-26, while in the longer run defining and executing an effective digital strategy and diversifying the revenue base will play an increasing role.
       
Meanwhile, we expect that European banks’ significant risk transfer (SRT) securitizations will grow and become broader based as more banks look to manage their credit portfolios more actively.  SRTs are also likely to become more expensive for issuers, as we expect that banks will need to sell thicker tranches to achieve regulatory capital relief under the final Basel III standards, and transaction pricing may not remain as favorable to issuers as it has been so far.
     
Please join S&P Global Ratings’ senior European analysts for a live interactive webinar on Tuesday, November 26, 2024 at 2:00 p.m. GMT / 3:00 p.m. CET, to discuss these topics and address your questions.  Our analysts will also provide a brief update on recent actions in the sector. 
     
Speakers:
Nicolas Charnay, Managing Director and Sector Lead, European Financial Institutions
Giles Edwards, Managing Director and Sector Lead, European Financial Institutions
Richard Barnes, Senior Director and Lead Analyst, European Financial Institutions
Anna Lozmann, Director and Lead Analyst, European Financial Institutions
Mirko Sanna, Director and Lead Analyst, European Financial Institutions
Anastasia Turdyeva, Director and Lead Analyst, European Financial Institutions
     
Moderator:
Osman Sattar, Director and Accounting Specialist, European Financial Institutions
    
We invite you to submit your questions early via the registration page to allow greater scope for them to be addressed by our speakers. You are also welcome to submit questions live during the webinar. Register here ›
     
This event is part of our European Banking Insights webinar series, designed to provide you with regular updates on credit risk and ratings across the sector. We define the agenda and speakers for each episode based on market events, notable rating actions, and questions we receive from market participants.
    
We hope you can join us live, however if you are unable to participate; you can still register to access the replay on-demand, at your convenience.