EBF MORNING BRIEF Monday 30 January 2023 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
Reuters: ECB rejects banks' call for lower capital to boost lending
The European Central Bank (ECB) rejected calls from Europe's banks to ease capital rules to boost lending and put them on an equal footing with US rivals. As reported by Reuters, the ECB said it was open to discussing with the industry how supervisory processes can be further improved. Read more
FT: French banks to lose out on rising rates due to loan repricing rules
French banks risk falling behind European rivals and losing out on windfall profits from rising interest rates due to rules which hamstring their ability to reprice loans, the Financial Times (FT) writes. Pressures are creating a two-speed European banking sector just as it starts generating interest from investors, including US ones. Read more CoinDesk: Tech solutions for privacy and compliance in CBDCs Users will likely demand cash-like privacy protections for central bank digital currencies (CBDCs). New technology solutions may enable high degrees of privacy while complying with regulations, write Dr. Jonas Gross, Chairman of the Digital Euro Association (DEA), and John Kiff, Research director at the Sovereign Official Digital Association (SODA) in an opinion piece published by CoinDesk. Read more |
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MAIN EVENTS
For a full-year overview of key financial regulation events: click here
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FROM EBF MEMBERS
AEB: What do banks allocate their profits to?
The strength of the Spanish banking sector constitutes a factor of competitiveness for the economy as a whole. Banks will continue to be part of the solution to the complex economic context and exercise their social function. To carry out this purpose, profitability is your first and main line of defense, says María Abascal, General Director of the Spanish Banking Association (AEB). Read more (ES)
HUB: New phishing campaigns
In the last few days, phishing campaigns targeting clients of Croatian banks have been active for financial gain and data theft. To safeguard themselves, customers can visit the Croatian Association of Banks (HUB) website, where detailed information is available on the most common frauds on the Internet and tips for protection. Read more (HR)
UK Finance: Chief Executive Newsletter
The 2023 priorities have formed the basis of UK Finance's Budget submission. UK Finance will continue to work hard to ensure that the sector maintains its competitiveness, facilitates innovation, and supports customers and businesses around the country. Read more |
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FROM THE INSTITUTIONS ECB: Christine Lagarde: Remembering the Holocaust The European Central Bank (ECB)’s main building in Frankfurt stands on a site linked to the atrocities of the Holocaust. On International Holocaust Remembrance Day, the ECB affirms that tyranny and state injustice must never again prevail. Building European unity is a cornerstone of this commitment. Read more
ESMA: Guidelines on stress test scenarios under the MMF Regulation
The European Securities and Markets Authority (ESMA) makes available translations of the Guidelines on stress test scenarios under the Money Market Funds (MMF) Regulation as updated in 2022. Read more
EC: Joint Statement by Vice-President Jourová and Commissioner Reynders ahead of Data Protection Day
“The Digital Markets Act (DMA) and the Digital Services Act (DSA) were adopted last year. EU data protection rules continue to provide a stable foundation for our digital policy,” Věra Jourová, Vice-President for Values and Transparency, and Didier Reynders, Commissioner for Justice said in a joint statement. Read more |
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FROM THE EBF
EBF: New study outlines path to unlocking major bank financing and economic growth
The European Banking Federation (EBF) and Oliver Wyman today launched a study exploring the EU banking regulatory and supervisory framework and its impact on banks and the economy. The reference study concludes that a review of current capital requirements and supervisory processes could provide capacity for around EUR 4 trillion additional bank lending to finance the green and digital transitions and strengthen the competitiveness of the EU economy. Read more
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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