EBF MORNING BRIEF Monday 9 October 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 can't rule out more hikes amid inflation risks
The European Central Bank (ECB) may need to raise interest rates again, ECB board member Isabel Schnabel said. According to Reuters, some policymakers have been pushing to raise the proportion of unremunerated reserve requirements that banks must hold as part of the next stage of the fight against inflation. But Schnabel played down the chances of such a move in the near term. Read more
Bloomberg: ECB attack eurozone big-spending governments
Eurozone governments are choosing not to pursue budgetary policies that support the European Central Bank (ECB)’s efforts to tame inflation, according to Governing Council member Klaas Knot. As mentioned by Bloomberg, EU limits designed to avoid runaway borrowing have been suspended since 2020 and European capitals are still at loggerheads as they scramble to agree a revamp of the fiscal rules. Read more
Cointelegraph: ESMA publishes the second consultation on MiCA
The European Securities and Markets Authority (ESMA) released a second consultative paper on Markets in Crypto-Assets (MiCA) mandates. ESMA will publish a final report based on the feedback and submit the draft technical standards by June 30, 2024, Cointelegraph writes. But, before that, it will also publish a third consultation package in Q1 2024. Read more |
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MAIN EVENTS Council Working Party on Tax Questions (Indirect Taxation) Council Horizontal Working Party on Cyber Issues Joint meeting of the European Parliament Committee on Budgets, and the Committee on Industry, Research and Energy |
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FROM EBF MEMBERS
AEB: Students meet Alejandra Kindelán and Ángel Rivera
Alejandra Kindelán, president of the Spanish Banking Association (AEB), and Ángel Rivera, CEO of Santander Spain, met a hundred students. Alejandra Kindelán has encouraged young people to imagine themselves working in a bank in the future, where professionals from very different fields have a place. Read more (ES)
Finance Norway: Sustainable finance in the state budget for 2024
In the Government's tool for better climate policy management, the role of the financial industry is highlighted, together with the interaction between regulations, taxes, and fees. Finance Norway put together an overview of matters in the state budget that are key for sustainable finance. Read more (NO)
ABI: The kick-off of the first edition of “è Cultura!”
Over the weekend, a new initiative by the Italian Banking Association (ABI) together with ACRI was launched. Until October 14th, a number of events will take place in more than 100 banks and banking foundations across 60 Italian cities. October is indeed the month dedicated to financial education, a key topic in numerous of these events. Read more (IT) |
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FROM THE INSTITUTIONS
ECB: Remaining data-dependent
Inflation is falling swiftly but still stands well above the 2% target, according to European Central Bank (ECB) Executive Board member Isabel Schnabel. "We cannot take it for granted that inflation will only go down from now on, and we should not declare victory prematurely," she says. Read more
ESMA: Analysis of issuers’ potential benefits from an ESG pricing effect
The European Securities and Markets Authority (ESMA) published an article on the European sustainable debt market, analyzing the existence of an ESG pricing effect across different types of sustainable-labeled debt instruments. Read more
EIOPA: Strategic Priorities for 2024
The European Insurance and Occupational Pensions Authority (EIOPA) has outlined its strategic priorities for the period 2024 – 2026. EIOPA will focus on managing the uncertainty in times of transformation so that the insurance and pensions sectors can continue to deliver value to policyholders and beneficiaries, to businesses, and the EU economy. 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.
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