EBF MORNING BRIEF Thursday 14 March 2024 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. Recommend the EBF newsletters to a colleague. Click here to sign up! |
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FROM THE MEDIA Bloomberg: ECB unveils policy revamp, locking in floor system for rates According to Bloomberg, the European Central Bank (ECB) presented a new framework for how it implements monetary policy, preserving the current system of steering interest rates while giving lenders more of a say over how much cash they need to operate. Read more Finextra: What will be the impact of a digital euro? At the Merchant Payments Ecosystem 2024 conference in Berlin, Evelien Witlox from the European Central Bank (ECB) presented a keynote on the possibilities of a digital euro. She stated that it is being designed to operate online and offline, and will include privacy and resilience features to prevent fraud and secure transactions, Finextra reports. Read more Reuters: Bank climate group to report capital markets emissions A U.N.-backed banking climate coalition on Wednesday released updated guidance for members requiring them to disclose more about how they plan to cut carbon emissions, including from their capital markets activities. The Net-Zero Banking Alliance, whose members oversee $74 trillion in capital, said the guidelines will also require data disclosure on transition planning and climate-related advocacy by the banks, notes Reuters. Read more |
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MAIN EVENTS Thursday 14 March Council Working Party on the Environment Friday 15 March Council Working Party on Tax Questions (Direct Taxation) Council Horizontal Working Party on Cyber Issues Council Working Party on the Environment |
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THE FIRST 2024 BANKING ESSENTIALS WEBINAR Navigating the Green Asset Ratio: What can it tell us about the sustainability performance of banks? Today | 3:00 - 4:00 PM (CET) |
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Investors are demanding more sustainability related disclosure, and regulators are also closely monitoring the impact of climate change on companies and financial institutions. In principle, the GAR is a simple ratio quantifying EU Taxonomy-aligned assets as a percentage of total covered assets. As banks disclose their GAR alignment for the first time, what does it tell us about their sustainability performance and efforts to finance the green transition? Can GAR be considered an indicator of progress on meeting institutions’ sustainability commitments? In this upcoming webinar you can learn how to navigate GAR and also what to expect from the upcoming revision to improve its usability. |
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FROM EBF MEMBERS FBF: The year of banking 2023 The French Banking Federation (FBF) published the "Year of Banking" annual report, which looks back at the highlights of the banking sector in 2023. At the heart of financing the economy, banks are useful because they meet their customers' needs on a day-to-day basis, and support them both in times of crisis and in managing their transitions. Read more (FR) Finance Denmark: Youth Economic Summit 2024 For the first time ever, Finance Denmark organised the Youth Economic Summit in collaboration with the Danish Youth Council. The summit also marked the start of the annual Money Week campaign, which puts personal finances and financial literacy on the timetable in the oldest classes in primary school. Read more (DK) SBA: Industry forecast: confidence despite hesitant economic times The Swiss Bankers Association (SBA) has updated its “Swiss Banking Outlook” industry forecast. According to experts, economic development in Switzerland will be relatively subdued and is unlikely to provide any major impetus for the financial markets. Read more |
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FROM THE INSTITUTIONS ECB: Changes to the framework for implementing monetary policy The Governing Council of the European Central Bank (ECB) decided on changes to the operational framework for implementing monetary policy to ensure that the framework remains appropriate as the Eurosystem balance sheet normalises. Read more SRB: Consultation on the minimum bail-in data template The Single Resolution Board (SRB) launched on Wednesday a public consultation on the minimum bail-in data template (MBDT). The template collects bail-in data in the event of a bank failure or for dry-runs and testing exercises, while being flexible enough to accommodate aspects related to national law. Read more BIS: Open finance regimes – experiences in some countries "Central banks and international standard setting bodies play an important role in promoting financial inclusion. While progress is being made, we must continue our efforts to make financial inclusion a reality for all" said Klaas Knot, President of the Netherlands Bank, at the Bank for International Settlements (BIS) Roundtable on Financial Inclusion. 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 European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium |
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