EBF MORNING BRIEF Monday 14 November 2022 Good morning. Here are the top news stories and events in European banking, financial regulation and EU policy, brought to you by the European Banking Federation.
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FROM THE MEDIA
FT: European regulators will struggle to supervise crypto groups
Andrea Enria, chair of the European Central Bank (ECB)’s supervisory board, has told the Financial Times (FT) that regulators will struggle to oversee crypto asset providers. One of the biggest problems confronting regulators was the difficulty in pinning down where many crypto asset providers were based, he added. Read more
Bloomberg: Deutsche’s Sewing says war, inflation slowing ESG
As reported by Bloomberg, Deutsche Bank Chief Executive Officer Christian Sewing said the war in Ukraine and inflation have delayed clients’ environmental, social, and governance (ESG) projects even as the long-term shift to sustainability is now “irreversible.” ESG is a “clear opportunity” for European banks, he said. Read more
Reuters: Bank of Spain urges lenders to preserve capital
Spanish banks need to preserve capital and keep a lid on mortgage loan costs to cope with a potential deterioration of the economic outlook, the Bank of Spain warned. The central bank said that risks to financial stability had increased since April, Reuters writes. Read more |
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MAIN EVENTS European Parliament Subcommittee on Tax Matters For a full-year overview of key financial regulation events: click here |
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The next joint webinar by
EBF and S&P Global Market Intelligence is coming! |
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The next joint webinar by EBF and S&P Global Market Intelligence is about the impact of the final Basel capital rules on European banks!
During the event, we will look back at 14 years of Basel capital reforms in Europe and discuss why those reforms were necessary and what has been achieved so far. Our speakers will also explore additional challenges for banks in the current volatile environment and how that could impact their readiness to start the implementation of Basel IV rules.
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FROM EBF MEMBERS
Finance Finland: Finland’s specificities not yet adequately accounted for in the Basel III proposal
The Basel III reform of banks’ capital requirement regulations puts low-risk mortgages and corporate loans at risk. Finance Finland’s concern is that if the reform is implemented in its proposed form, households and companies may start considering whether it is wiser to put everything on hold rather than take out loans and make investments. Read more (FI)
FBF: Carbon neutrality: French banks are accelerating
To achieve the objectives of the Paris Agreement, the commitment of French banks to the climate is a reality, and the transition to a decarbonized economy is a strategic priority. The French Banking Federation (FBF) presents the main advances in the sector and the actions illustrating the implementation of carbon neutrality commitments Read more (FR)
Finance Norway: A strong and forward-leaning savings bank industry
As reported by Finance Norway, this year's Savings Bank Days gathered more than 300 employees in Norwegian savings banks from all over the country for a packed program. In the opening speech, the Chairman of the Sparebank Association, Geir Bergskaug, emphasized that Norwegian savings banks have not only the will but also the ability to play a crucial role in Norwegian restructuring in the coming years. Read more (NO) |
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FROM THE INSTITUTIONS
ECB: Investing in Europe’s future: The case for a rethink
Europe needs to reinvest in its own future if it wants to keep control of its destiny, according to European Central Bank (ECB) Executive Board member Fabio Panetta. 'We should seek to enhance public investment in European public goods, such as energy security, via a dedicated European fiscal capacity,' he says. Read more
BIS: Klaas Knot: Inflation strikes back
Klaas Knot, President of the Netherlands Bank discusses the drivers and policy reactions to inflation in a speech published by the Bank for International Settlements (BIS). The discussion touches on topics like the role of heterogeneity in sectors, the implication of firm dynamics, and the amplification effects that derive from uncertainty. Read more
ESMA: IOSCO on sound and well-functioning carbon markets
The Board of the International Organization of Securities Commissions (IOSCO) has launched a 90-day consultation on recommendations for sound Compliance Carbon Markets (CCMs) and on considerations for enhancing the resilience and integrity of Voluntary Carbon Markets (VCMs). Verena Ross, Chairwoman of the European Securities and Markets Authority (ESMA) said: “IOSCO´s recommendations are addressed to all authorities involved in the development of a compliance market in their jurisdiction". Read more |
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FROM THE EBF
New 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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ABOUT THE EUROPEAN BANKING FEDERATION
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The federation is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere. Website: www.ebf.eu |
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This newsletter is published by the EBF Mediacentre.
For questions or suggestions contact v.barbieri@ebf.eu
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