EBF MORNING BRIEF Monday 11 December 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
Bloomberg: ECB gets new powers over climate, crypto bank risks
A sweeping update of regulation detailed this week mandates the European Central Bank (ECB) to monitor how lenders plan to transition to a net-zero carbon economy over the next three decades. The reform also puts it in charge of supervising bank-owned providers of crypto asset services, Bloomberg reports. Read more
FT: Spain’s Nadia Calviño secures EIB presidency
Spain’s deputy prime minister Nadia Calviño is set to become president of the European Investment Bank (EIB) early next year after she won the backing of EU finance ministers. According to the Financial Times (FT), Calviño added she would prepare a brief on the bank’s priorities to be discussed by finance ministers in February. Read more
Reuters: EU ministers narrow gaps on fiscal rules, eye end-year deal
France, Germany, and the EU executive expressed hope that governments will reach an agreement on the bloc's fiscal rules by the end of 2023, with Spain floating the idea of an extraordinary meeting to achieve it. As reported by Reuters, France and Germany however still differ on how to sustain investment when budget deficits are above EU limits. Read more |
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MAIN EVENTS Council Horizontal Working Party on Cyber Issues |
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FROM EBF MEMBERS
Febelfin: 6 months later: the "Digicoach" training course is a success
Six months after the launch of the e-learning course, 319 enthusiastic volunteers and professionals in Belgium have completed the "Digicoach" training provided by Febelfin. In addition to the E-learning, Febelfin conducts on-site information sessions on safe online banking and payments. Read more
CBA: Paper trail ends in jail time for 1013 money mules
Law enforcement authorities from 26 countries, in cooperation with Europol, Eurojust, INTERPOL, and several private sector partners, have joined forces in the fight against money laundering. According to the Czech Banking Association (CBA), the operation resulted in 1013 arrests worldwide. Read more (CZ)
Finance Norway: Job creation figures
Finance Norway's job creation figures for Q3 of 2023 show that there have been 30,700 more people employed compared to the same quarter last year. "We must assume that the slowing growth in employment will continue, but how strongly this will play out in the future is uncertain," says Kari Olrud Moen, Finance Norway's CEO. Read more (NO) |
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FROM THE INSTITUTIONS
ESAs: Joint consultation on second batch of policy mandates under the Digital Operational Resilience Act
The European Supervisory Authorities (ESAs) launched a public consultation on the second batch of policy mandates under the Digital Operational Resilience Act (DORA). The package includes four draft regulatory technical standards (RTS), one set of draft implementing technical standards (ITS) and two sets of guidelines (GL). Read more
EIOPA: Supervision in IORP’s Prudent Person Rule compliance
The European Insurance and Pensions Authority (EIOPA) published a follow-up report to the 2019 peer review on the application of the Prudent Person Rule for IORPs according to the IORP II requirements. IORPs are required to invest their capital in the best interest of members and beneficiaries and respect specific investment rules. Read more European Council: Agreement with Parliament on financial regulation The European Council and Parliament reached a provisional agreement on the EU’s financial regulation. The main reason for this targeted revision is the need to align the financial regulation with the current multiannual financial framework (MFF) 2021-2027. Read more |
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FROM THE EBF
New EBF Vacancies! Work with us!
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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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