EBF MORNING BRIEF Monday 29 January 2024 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
Bloomberg: Panetta sees common safe asset as crucial for Europe
European Central Bank (ECB) Governing Council member Fabio Panetta renewed pressure to jointly issue bonds, calling it a critical step for the common currency. As reported by Bloomberg, he said the lack of a European safe asset and the absence of a fully-fledged banking union are key limitations for a ‘global euro.’ Read more
Euronews: Banks should check client sustainability despite due diligence carveout
Banks should be forced to check the environmental and human rights impacts of their clients, according to a draft EU statement seen by Euronews. Lawmakers and governments are set to push for further legislation to cover the financial sector after it was carved out from the Corporate Sustainability Due Diligence Directive. Read more
Finextra: Could CBDCs help prevent fraud?
Finextra spoke with Gilbert Verdian, CEO of Quant, who has proposed the argument that a system built around CBDCs would allow for fraud to be dealt with in a more effective way than in the current system. "There is always going to be fraud but for the first time we've got a new tool up our sleeve because we've never had this before," he says. Read more |
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MAIN EVENTS Council Working Party on the Environment |
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FROM EBF MEMBERS
NVB: Appropriate financing for SMEs is good for the economy
The Dutch Banking Association (NVB) published its response to CBS's Financing Monitor 2023. Parties are committed to, among other things, ensuring that the increasingly diverse financing market functions as well as possible. They support improving the findability of financing options and the professionalism of the market. Read more (NL)
Febelfin: Mortgages in 2023: A break after 2 quite exceptional years
The year 2023 will mark a real pause in mortgage lending after 2 years of exceptional results. As Febelfin pints out, this is a consequence of the rise in interest rates, which is reducing borrowing capacity. Read more (FR)
BPFI: Mortgage Approvals – December 2023
The Banking & Payments Federation Ireland (BPFI) published the latest figures from the BPFI Mortgage Drawdowns Report for Q4 2023 and the BPFI Mortgage Approvals Report for December 2023. Overall mortgage activity declined in 2023, largely driven by a sharp drop in switching. Read more |
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FROM THE INSTITUTIONS
ECB: Decisions taken in addition to decisions setting interest rates
The European Central Bank (ECB) has published the decisions taken by its Governing Council in addition to decisions setting interest rates. This includes corrective measures for national central bank transactions breaching the monetary financing prohibition, amendments to the Decision on the implementation of the corporate sector purchase program, and the outcome of the 2022 payment system classification exercise. Read more
ESMA: Summary of Conclusions SMSG
The European Securities and Markets Authority (ESMA) has published the summary of Conclusions from the Securities and Markets Stakeholder Group (SMSG). The SMSG Chair reported that since the last meeting, a working group had been preparing advice on ESMA’s latest MiCA consultation package. Read more
EC: Data Protection Day
In 2024, as the GDPR requires, the European Commission (EC) will also issue its second report on applying the GDPR. It will update the assessment presented in the 2020 report, taking account of developments since then. Read more |
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FROM THE EBF
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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.
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