The topic of mortgage payment holiday is discussed in every discussion regarding Polish banking sector. The analyses(1) show that the cost of introducing payment holiday can reach even PLN 20-30 billion. It is worth analysing more thoroughly their impact on mortgage loan valuation depending on its maturity, type of payment and interest rate.
What are the lessons learnt from the Covid-19 impact on Expected Credit Losses (ECL) of banks in Europe?
Financial institutions increasingly recognise that climate change and other environmental, social and corporate governance risks jeopardise the world’s economy and financial system.
Forvis Mazars Financial Services blog provides insights from Forvis Mazars experts on key financial services issues worldwide.
How different countries mitigate climate risks in their financial sectors Financial services organisations around the world are rethinking how they work in order to better embed sustainability into their business models. At the same time, climate stress tests are entering the mainstream in many jurisdictions. But even though regulation is fast developing, there is still a lack of consistency in the...
How has Covid-19 affected the financial performance of banks in Europe?
We analyzed the financial statements of 9 banks in Poland in terms of asset structure, financial results and loan portfolio quality to understand the impact of changes in the economic environment on their assets and financial results.
Up against great economic and societal upheaval as a result of Covid-19, banks around the world continue to take sustainability seriously and firmly acknowledge the related risks and opportunities, for the market and wider stakeholders alike. For the second year running, Mazars publishes its responsible banking practices report to assess how banks embed sustainability into their commercial practices.
Interim reports offer an initial glimpse of the impact of the COVID-19 pandemic on European banks.
With Environmental, Social and Governance factors,...
Mazars and the Official Monetary and Financial Institutions Forum (OMFIF) are proud to have come together to produce a global report providing unique insight on current and upcoming financial regulatory evolutions aimed at tackling climate change. What policy adjustments are being undertaken in different jurisdictions around the world to assess and control climate risks? How are these actions likely...
About 70% of central banks and regulators see the climate changes as major threat to financial stability. Climate factors will soon be compulsorily included in stress tests.
Sustainable finance is expected to be a crucial factor in the post Covid-19 economic recovery period and regulators are encouraging banks to actively embed climate-related risks in their business operations and risk management frameworks. Against this backdrop, Mazars has analysed how 30 of the largest banks worldwide have been responding to climate-related financial risks.
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