After a heavy recession brought on by the military conflict with Russia, Ukraine’s economy and banking system now appear to be firmly on the mend. Indeed, things have improved to such an extent that by the end of May, Moody’s had revised its outlook for Ukrainian banking from negative to stable.
Around the turn of the year, credit-rating agencies Fitch and Moody’s both upgraded their outlooks for Ireland’s banking system. Their favourable views were largely based on the expectation of improving credit fundamentals in 2016 and 2017
The November elections are soon approaching for Americans, and it now looks increasingly like a two-horse race for the US presidency. Both Hillary Clinton and Donald Trump have emerged as clear contenders in the last few weeks, leaving their rivals by the wayside.
From January 1, 2016, a new Europe-wide insurance solvency scheme came into force: Solvency II. The main objectives of Solvency II are to improve consumer protection and increase the international competitiveness between insurers in the EU