FROM THE MEDIA

Bloomberg: ECB Official says cryptos aren’t socially, economically useful

Crypto-assets show no signs of benefiting society or the wider economy, European Central Bank (ECB) Executive Board member Fabio Panetta said. Panetta criticized crypto initiatives for the “huge amounts of pollution and damage to the environment” they cause, as well as their role in criminal financing and tax evasion, Bloomberg reports. Read more

Reuters: Generali launches corporate cyber insurance services

Generali, Accenture, and Vodafone have created a package of cyber security services to help the insurer's corporate clients to detect, react and recover from cyber threats and incidents. Generali's new services will be offered globally, starting in Europe at the beginning of 2022, Reuters says. Read more

EU Observer: EU green taxonomy becomes law, gas and nuclear postponed

The first two chapters of the sustainable taxonomy, the EU's ambitious labeling system for green investment will come into force on 1 January 2022. According to the EU Observer, the European Commission will likely unveil the second delegated act on 22 December. This will describe how nuclear and gas will be labeled under the taxonomy. Read more

MAIN EVENTS

• European Parliament plenary session

• Council Working Party on Financial Services and the Banking Union (Financial Services)

• Bank of England Financial Stability Report, Financial Policy Committee summary and record

• Bundesbank ‘Advanced topics in seasonal adjustment’ course

• Danmarks Nationalbank, Deutsche Bundesbank and Norges Bank ‘Stabilization policies: Lessons from the COVID-19 crisis and prospects for future policy strategies’ event

For a full-year overview of key financial regulation events: click here

FROM THE EBF MEMBERS

UK Finance: Updated Financial Abuse Code

Customers experiencing financial difficulties as a result of economic abuse will receive further support to help them regain control of their finances and their independence, as part of an updated industry Code. The changes, in UK Finance’s revised voluntary Financial Abuse Code of Practice, will enable the industry to continue its commitment to helping victim-survivors of financial abuse. Read more

NVB: Protect, Respect and Remedy

Banks work actively on human rights. Voluntarily, out of their social responsibility. And in the near future also through European due diligence legislation. A good thing, but also a challenge, says Ruben Zandvliet, business & human rights adviser at ABN AMRO in a blog for the Dutch Banking Association (NVB). Read more (NL)

Finance Norway: Women in Finance Charter

Since June, 29 financial companies have signed the Women in Finance Charter in Norway. Finance Norway has had a chat with three of the most recently joined associations on the reasons for committing to the Charter, how to move forward, and the expectations on how this commitment will impact the organization. Read more (NO)

FROM THE INSTITUTIONS

EBA consults on new remote customer onboarding guidelines

The European Banking Authority (EBA) launched a public consultation on its draft Guidelines on the use of remote customer onboarding solutions. These Guidelines set out a common understanding by competent authorities of the steps financial sector operators should take to ensure safe and effective remote customer onboarding practices in line with applicable anti-money laundering and countering the financing of terrorism (AML/CFT) legislation and the EU's data protection framework. Read more

ESRB: Fifth ESRB annual conference

The European Systemic Risk Board (ESRB ) has celebrated its tenth anniversary at this year’s ESRB annual conference. Senior policymakers, central bankers, and top academics met to celebrate with us and discuss the challenges that lie ahead for macroprudential policy. The recorded sessions are now available. Watch it now

FSB seeks feedback on how existing national and regional data frameworks affect cross-border data flows

The Financial Stability Board (FSB) is conducting a survey as part of its work under Building Block 6 of the Roadmap for enhancing Cross-border Payments. The FSB agreed to conduct a stocktake of existing national and regional data frameworks for cross-border payment arrangements, and identify issues relating to cross-border use of those data by national authorities and the private sector. Read more

European Commission weekly schedule

Find out more about the ECB's engagements and activities for the upcoming week. Read more
 

European Parliament weekly schedule

Find out more about the Parliament's engagements and activities for the upcoming week. Read more

FROM THE EBF

Proposal for a regulation on European Green Bonds: EBF position

The EBF welcomes the European Commission’s proposal for the development of a voluntary EU Bond Standard (EU GBS), which will provide a common language and serve as a ‘gold standard’ for green bonds by ensuring that proceeds of the bond are allocated according to what is defined as ‘green’ by the Taxonomy. Read more

EBF Vacancies: Work with us!

Visit our Vacancies page to learn more about the opening positions at the EBF. Read more

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European Banking Federation