EBF MORNING BRIEF Monday 20 November 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: Single market watchdog in push for European capital union
Europe needs a capital markets union, including a single supervisor and trading infrastructure, to finance its digitalization and green transition, European Central Bank (ECB) President Christine Lagarde said. Lagarde said neither heavily indebted governments nor banks can come up with the money needed to make the European Union more productive and independent in an increasingly fragmented world, Reuters reports. Read more
Bloomberg: Europe’s banks to focus on cost cuts
European lenders are set to focus more on cost savings in 2024, as benefits from rising interest rates reach their limit and pressure on margins mounts. A squeeze on net interest margin alongside an inflation-linked hike in expenses will likely impact revenue growth, increasing the need for cutbacks, according to Bloomberg. Read more
PYMNTS: France vies to host EU’s new anti-money laundering agency
France is vying to host the EU’s anti-money laundering agency, with Minister Bruno Le Maire presenting Paris as an ideal location. As reported by PYMNTS, he emphasized that Paris has the best European ecosystem for AML and combating terror financing. Read more |
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MAIN EVENTS Council Horizontal Working Party on Cyber Issues |
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EBF and S&P Global Market Intelligence Banking on the Cloud: Exploring the evolving
landscape of digital finance 3:30 - 4:30 (CET) | ONLINE |
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| | In an evolving marketplace driven by the surging demand for digital services, banks are embracing the public cloud to meet customer needs, boost efficiency, accelerate business growth, and stay competitive. Yet, for many organizations, moving to the cloud is more challenging than expected with key hurdles revolving around governance and regulation. Join our panel of experts as they discuss the key benefits and challenges of public cloud banking in 2023 and beyond. |
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FROM EBF MEMBERS
ABI: Intersectoral Predatory Crime Report
The number of bank robberies almost halved across Italy, the Intersectoral Report on Predatory Crime finds. "The safety of customers and employees is a fundamental priority for the banking sector," says Giovanni Sabatini, General Director of the Italian Banking Association (ABI). Read more (IT)
BPFI: Mortgage Market Profile Report
The latest Mortgage Market Profile Report H1 2023, published by Banking & Payments Federation Ireland (BPFI) shows that first-time buyer mortgages and incomes reached their highest level on record as the median age of FTBs rose to 35 for the first time. Read more
FBF: Ambition’elles Forum
Every year, the Forum of the Ambition’elles Association rewards innovative projects carried out by women entrepreneurs. Maya Atig, General Director of the French Banking Federation (FBF) said: “Entrepreneurship is a collective adventure. You should never hesitate to talk to your banker about your projects, your doubts, your fears, your desires too.” Read more (FR) |
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FROM THE INSTITUTIONS
ECB: Rethinking capital markets union
Europe faces challenges that will require a generational effort to finance, according to European Central Bank (ECB) President Christine Lagarde. The capital markets union is therefore an indispensable project, but we have so far failed to make progress. Read more
EBA: Final templates to collect climate-related data from EU banks
The European Banking Authority (EBA) published the final templates that will be used to collect climate-related data from EU banks in the context of the one-off Fit-for-55 climate risk scenario analysis. Read more
BIS: CBDC and privacy: a randomized survey experiment
A study by the Bank for International Settlements (BIS) considers designs of Central Bank Digital Currency (CBDC) concerning privacy protection and data governance. A randomised survey experiment was conducted and the findings suggest that privacy protection is among the key features to consider in the design of CBDC. 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.
For questions or suggestions contact v.barbieri@ebf.eu
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