The European Federation of Building Societies (EFBS) will convene its XVIII Congress in Budapest, Hungary, 19-21 October 2016. Members of the International Union for Housing Finance, including the Caribbean Association of Housing Finance Institutions (CASHFI), have been invited. The Congress will consider – Brave New World for Finance? Low Interest Rates – Regulation – Capital Markets Union. A major question being posed is – Have we learned our lesson from the financial crisis? It is doubtful.
Proven deposit–based business models are now suffering from the zero interest rate policy of the European Central Bank (EC). New regulatory projects disproportionately affect small and low-risk credit institutions. At the same time, shadow banks operate largely outside the regulatory regime. In the meantime, the European Commission is pressing forward the project for a Capital Markets Union. It aims to direct more private savings into riskier capital markets. Loan financing through deposit-based institutions, which is important for Europe, would be weakened further, the EFBS contends. It noted that while the pressure on earnings is increasing, the costs of the European guarantee funds are rising as well. These issues will be under the microscope, inviting participants to discuss whether the financial world is really becoming “brave and new”, as well as opportunities for long-term financing models and the growth market for improving energy efficiency. The EFBS Congress offers inspiring lectures, national and international case studies and the opportunity to interact with experts and opinion leaders.
For further details of the programme and registration, please visit www.efbs2016.org.