Lessons from the collapse of two banks in Portugal: Implications for banking management and regulation
Autor(a) principal: | |
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Data de Publicação: | 2023 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10071/30659 |
Resumo: | It is almost 10 years since one of Portugal’s five largest banks, BES, was subject to a bank resolution measure. In 2015, another large bank, BANIF, followed the same path. Now that some time has passed and the full consequences of the resolutions materialised, it is time to reflect on the causes of the crises at these two banks and to draw lessons for the future. In addition to looking into the relevant literature, official company reports, parliamentary inquiries, newspapers and other public information, we examine whether key financial ratios could have raised a red flag. We conclude that the collapses were explained by a mixture of macrostructural causes and above all bank-specific factors. The two cases are good illustrations of the negative effects of financialisation in the Portuguese economy. The key profitability and risk indicators provided some timely indications of the problems facing the two banks. |
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Lessons from the collapse of two banks in Portugal: Implications for banking management and regulationBanking crisisRisk managementBanking regulationPortugalFinanceirização - -- FinancializationIt is almost 10 years since one of Portugal’s five largest banks, BES, was subject to a bank resolution measure. In 2015, another large bank, BANIF, followed the same path. Now that some time has passed and the full consequences of the resolutions materialised, it is time to reflect on the causes of the crises at these two banks and to draw lessons for the future. In addition to looking into the relevant literature, official company reports, parliamentary inquiries, newspapers and other public information, we examine whether key financial ratios could have raised a red flag. We conclude that the collapses were explained by a mixture of macrostructural causes and above all bank-specific factors. The two cases are good illustrations of the negative effects of financialisation in the Portuguese economy. The key profitability and risk indicators provided some timely indications of the problems facing the two banks.DINÂMIA'CET-Iscte2024-01-29T12:25:35Z2023-01-01T00:00:00Z2023info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/30659enghttps://doi.org/10.15847/dinamiacet-iul.wp.2023.04Nunes, JoãoLagoa, Sérgioinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-02-04T01:19:20Zoai:repositorio.iscte-iul.pt:10071/30659Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T02:08:01.145840Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Lessons from the collapse of two banks in Portugal: Implications for banking management and regulation |
title |
Lessons from the collapse of two banks in Portugal: Implications for banking management and regulation |
spellingShingle |
Lessons from the collapse of two banks in Portugal: Implications for banking management and regulation Nunes, João Banking crisis Risk management Banking regulation Portugal Financeirização - -- Financialization |
title_short |
Lessons from the collapse of two banks in Portugal: Implications for banking management and regulation |
title_full |
Lessons from the collapse of two banks in Portugal: Implications for banking management and regulation |
title_fullStr |
Lessons from the collapse of two banks in Portugal: Implications for banking management and regulation |
title_full_unstemmed |
Lessons from the collapse of two banks in Portugal: Implications for banking management and regulation |
title_sort |
Lessons from the collapse of two banks in Portugal: Implications for banking management and regulation |
author |
Nunes, João |
author_facet |
Nunes, João Lagoa, Sérgio |
author_role |
author |
author2 |
Lagoa, Sérgio |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Nunes, João Lagoa, Sérgio |
dc.subject.por.fl_str_mv |
Banking crisis Risk management Banking regulation Portugal Financeirização - -- Financialization |
topic |
Banking crisis Risk management Banking regulation Portugal Financeirização - -- Financialization |
description |
It is almost 10 years since one of Portugal’s five largest banks, BES, was subject to a bank resolution measure. In 2015, another large bank, BANIF, followed the same path. Now that some time has passed and the full consequences of the resolutions materialised, it is time to reflect on the causes of the crises at these two banks and to draw lessons for the future. In addition to looking into the relevant literature, official company reports, parliamentary inquiries, newspapers and other public information, we examine whether key financial ratios could have raised a red flag. We conclude that the collapses were explained by a mixture of macrostructural causes and above all bank-specific factors. The two cases are good illustrations of the negative effects of financialisation in the Portuguese economy. The key profitability and risk indicators provided some timely indications of the problems facing the two banks. |
publishDate |
2023 |
dc.date.none.fl_str_mv |
2023-01-01T00:00:00Z 2023 2024-01-29T12:25:35Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10071/30659 |
url |
http://hdl.handle.net/10071/30659 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
https://doi.org/10.15847/dinamiacet-iul.wp.2023.04 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
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application/pdf |
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DINÂMIA'CET-Iscte |
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DINÂMIA'CET-Iscte |
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reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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