BBVA s profit returns to pre-pandemic levels, Turkey hits lending income
Published 6 hours ago
By Jesús Aguado
MADRID (Reuters) -BBVA s profit returned to pre-pandemic levels in the first quarter after the Spanish bank did not set aside any specific COVID-19 provisions but lending income remained under pressure.
The group s net profit came in at 1.21 billion euros ($1.47 billion) in the first quarter compared with a loss in the same quarter a year ago.
Profit was higher than the 905 million euros expected by analysts polled by Reuters, and was also above the 1.182 billion recorded in the same quarter in 2019, before the pandemic.
The Impact of a Disruptive Year: Six Emerging Cybersecurity Themes for 2021
Published 4 hours ago
Dmitry Netis, Managing Director and Jordan Rupar, Vice President at Q Advisors
Amid the unpredictable challenges of the past year, a growing importance has formed around the mission-critical nature of security in virtually every area of IT. Far outstripping any other enterprise IT budget item, cybersecurity has become the main priority as the global pandemic has changed how people live and work. Moreover, cybercriminal activity has accelerated at an alarming rate. With most attacks targeting identity and credentials, 2020 concluded with one of the most complex cyberattacks in recent history the SolarWinds breach.
The SFDR – get it right from the start
Published 2 days ago
Kavitha Ramachandran, Head of Business Development and Client Management (Continental Europe), based in Luxembourg, unpacks the current and future status of the Sustainable Finance Disclosure Regulation (SFDR), stressing the need for investment managers to follow a partnership approach to interpret and implement the complexities of the regulations.
Driven by European Union regulatory change for financing sustainable growth and reorienting capital flows towards sustainable growth in the financial services sector, the Sustainable Finance Disclosure Regulation (SFDR) – promulgated in 2019 – is a bold step in the right direction to manage financial risk and improve transparency in line with ESG trends.