EBF MORNING BRIEF Monday 8 February 2021 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: Central banks edge toward money’s next frontier Money is edging closer toward its biggest reinvention in centuries as central banks start to embrace the creation of digital currencies. With modern technology and even the coronavirus facilitating a global shift toward cashless economies, and alternative concepts such as Bitcoin taking hold, monetary policy makers are acting to ensure they don’t fall behind, Bloomberg reports. Read more (€)
The Fintech Times: Banks form coalition to boost cloud adoption
Financial services giants from across Europe have joined together to form the European Cloud User Coalition (ECUC) to accelerate the adoption of off-premise services in the financial services industry, writes the Fintech Times. Read more FT: For how long can Europe keep businesses from going under? Small and medium-sized companies call for more help as coronavirus curbs hit revenues, the FT reports. Read more (€) |
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MAIN EVENTS today European Parliament plenary debate with European Central Bank President Christine Lagarde. Agenda EBF Secondary Market Working Group virtual meeting For a full-year overview of key financial regulation events: click here |
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FROM THE EBF MEMBERS
BPFI: Fiona Gallagher appointed first female Chair of FIBI Banking and Payments Federation of Ireland (BPFI) announces that Fiona Gallagher, CEO of Wells Fargo Bank International has been appointed first female Chair of the Federation of International Banks Ireland (FIBI), the international banking division of BPFI. Read more
Febelfin: Bart Vervenne as new chairman of BVK
The Professional Association of Credit (BVK), a sub-association of Febelfin, has elected Bart Vervenne (Alpha Credit, BNP Paribas group) as the new chairman of the Board of Directors. He succeeds Guy Schellinck (Beobank) after a term of two mandates. Read more (NL) SBA: The e-ID, a major opportunity for Switzerland The electronic identity, or e-ID for short, is a simple but secure solution for identification on the internet, Federal Councillor Karin Keller-Sutter affirmed on Friday at a briefing event organised by the Swiss Bankers Association (SBA). The SBA is in favour of a standardised e-ID for the whole country. Read more |
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FROM THE INSTITUTIONS
ESAs: Final Report and draft RTS on disclosures under SFDR
The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) delivered to the European Commission (EC) the Final Report, including the draft Regulatory Technical Standards (RTS), on the content, methodologies and presentation of disclosures under the EU Regulation on sustainability-related disclosures in the financial services sector (SFDR). Read more
European Commission: VAT Roadmap: Mind the VAT Gap The European Commission launched a roadmap on the VAT cap (the difference between expected VAT revenues and amounts actually collected). It notes that this initiative will help EU countries by sharing best practices and supporting implementation. The deadline for feedback is 03 March 2021. Read more ESMA's Maijoor keynote speech at Conference on FinTech & Regulation ESMA Chair, Steven Maijoor, addressed senior policymakers and industry at the 5th Annual Conference on ‘FinTech and Regulation: New Challenges and New Solutions’. His speech touched upon digitalisation: risks and opportunities; accelerating trends; and safe navigation. Read more
European Commission weekly schedule
Find out more about the European Commission's engagement and activities for the upcoming week. Read more
European Central Bank 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 |
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FROM THE European Banking Federation
ESG risks for credit institutions and investment firms: EBF response
EBF has responded to the EBA’s consultation on incorporating ESG risks into the governance, risk management and supervision of credit institutions and investment firms. 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.
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