| EBF MORNING BRIEF Monday 5 September 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
Bloomberg: ECB still seen playing catch-up as rate-hike path steepens
The European Central Bank (ECB) remains behind the curve on tackling record euro-zone inflation and will have to act more forcefully than previously envisaged to wrest control of prices, according to a survey of economists. Economists predict a higher end-point for the cycle of hikes, reached more quickly and including a 75 basis-point step, Bloomberg reports. Read more
FT: The EU’s sustainable finance rule book comes under fire
The EU’s rule book on sustainable investing was meant to bring transparency to the descriptions of asset managers’ funds. But some disclosure requirements draw on data that either does not yet exist or that companies will only be required to publish from next year. According to the Financial Times (FT), many investors cannot yet fully meet these disclosure requirements because important information is missing. Read more
Reuters: Danish central bank governor to retire in January
As reported by Reuters, Denmark's central bank governor Lars Rohde said he would step down from his position and retire at the end of January 2023, after 10 years at the helm. The government will now decide who will replace Rohde. Possible candidates could include Rohde's deputies, Signe Krogstrup and Per Callesen. Read more |
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THE EUROPEAN BANKING SUMMIT 2022 IS COMING! Registration is still open! |
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 | The European Banking Summit 2022 will take place in Brussels and bring together a combined in-person and online audience of more than 500 banking representatives, policymakers, and senior experts. The full-day event will offer an overview of the latest developments in the EU banking policy, examine how technology is changing the financial system and how can banks play a key role in achieving Europe’s sustainability goals. -
When: 29 September 2022 from 9:00 to 17:15 -
Where: Online and live at the Radisson Collection Hotel, Grand Place in Brussels!
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MAIN EVENTS For a full-year overview of key financial regulation events: click here |
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FROM THE EBF MEMBERS
NVB: Digital Euro
Where is the fundamental (political) debate about public and private? And is the retail variant of the digital euro the only and the right answer to private stablecoins and foreign central bank coins? The Dutch Banking Association (NVB) published a second white paper on the digital euro to investigate these questions. Read more (NL)
BPFI: Payments Monitor – Q2 2022
Online and mobile banking hit record highs in Q2 2022 growing to 36 million payments according to the latest Payments Monitor Q2 2022 from Banking & Payments Federation Ireland (BPFI). The report also shows contactless payments continue to surge with €49 million worth of contactless payments per day in Q2 2022, the highest daily spend in any quarter since the data series began. Read more
CBA: Cybertest 2022
The number of attacks on bank clients has increased fourfold over the past two years. Damages run into the hundreds of millions, and it's an average of 161,500 crowns per damaged client. This emerged from data of the Czech Banking Association (ČBA), obtained from its member banks. Read more (CZ) |
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FROM THE INSTITUTIONS
ECB: ECB Consumer Expectations Survey results – July 2022
The European Central Bank (ECB) has published the results of the Consumer Expectations Survey for July 2022. Compared with June, data shows that consumer expectations for inflation over the next 12 months remained unchanged, while those for inflation three years ahead rose. Read more
BIS: Portfolios of sovereign securities with low carbon footprints
A working paper by the Bank for International Settlements (BIS) proposes a strategy to build a "net zero" portfolio of sovereign securities that delivers progressively declining carbon footprints. Portfolio rebalancing increases the shares of France, Italy, and Spain while reducing that of the United States. Among emerging market economies, the weights of Chile, the Philippines, and Romania would increase at the expense of China. Read more
EIB to visit Malta to strengthen cooperation with the government, launch the InvestEU programme, and announce support for key telecom infrastructure
A delegation from the European Investment Bank (EIB) will make a two-day visit to Malta to strengthen cooperation with public and private partners, announce new financing for the telecom sector, and launch the InvestEU program in the country. Read more |
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FROM THE EBF this month
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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