| EBF MORNING BRIEF Thursday 15 September 2022 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 Finextra: Banks and technology partners join EU pilot of digital IDs As reported by Finextra, a new multi-country consortium of European identity experts has firmed up a proposal to deliver a large-scale, cross-border payments pilot. Supported by digital government agencies, banks, enterprises and technology providers, the group will collaborate to show how payments and ID can be combined across borders and in multiple currencies. Read more
Bloomberg: ECB economist signals smaller hikes after ‘major’ step
The European Central Bank (ECB)’s unusually large interest-rate hike was “appropriate,” Chief Economist Philip Lane said while signaling that future steps are likely to get smaller. While other ECB officials told Bloomberg last week that they weren’t ruling out a further 75 basis-point hike, Lane’s comments reiterate the view that unless the anticipated peak of the tightening cycle moves higher, future moves will be more contained. Read more
S&P Global Market Intelligence: Some UK and German banks fall short of boardroom gender parity targets
Women make up more than half of the board at just seven of 30 large European banks, according to data compiled by S&P Global Market Intelligence. Several banks could struggle to meet tougher future regulatory requirements. Read more |
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MAIN EVENTS
Thursday 15 September
Friday 16 September For a full-year overview of key financial regulation events: click here |
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FROM THE EBF MEMBERS FBF: Banks committed to defend the purchasing power of customers French banks are keen to participate in the defense of the purchasing power of their customers. According to the French Banking Federation (FBF), they are mobilized by searching for the best quality of service at the best cost, by the distribution of regulated savings, by their model of responsible credit, fixed-rate mortgage loans, and controlled prices. Read more (FR) BdB: Award ceremony for youth and business 2021/2022 The joint school competition for economic education organized by the Association of German Bank (BdB) and FAZ took place for the 22nd time this year and ended with an award ceremony in Berlin for the winners. The keynote speakers were the two founders of the learning platform, Alexander Giesecke and Nicolai Schork. Read more (DE) Finance Denmark: Danes' interest in borrowing money for home purchases is the lowest in five years Danes' interest in borrowing money to buy a home continues to decline. In August, a record few loan offers for home purchases were received. At the same time, the size of the average loan offer has decreased. This is shown by figures from Finance Denmark. Read more (DK) |
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FROM THE INSTITUTIONS
ECB: Monetary policy and the money market
Money markets play a prominent role in monetary policy transmission, especially when interest rates are the main policy tool, says European Central Bank (ECB) Chief Economist Philip R. Lane. He explains the latest ECB decisions and interest rate transmission, as he opens the meeting of the Money Market Contact Group. Read more
SRB: Banking Union: CMDI can build further on solid ground
Elke König, Chair of the Single Resolution Board (SRB) wrote an article published by Eurofi magazine on the Banking Union and its role in financial stability. "I would encourage legislators to reflect on the concrete achievements of the Banking Union, build on them, and take pragmatic steps forward with the crisis management and deposit insurance framework (CMDI)," she notes. Read more
EC: 2022 State of the Union Address by President von der Leyen
The European Commission (EC) has published State of the Union Address by Ursula von der Leyen, President of the European Commission. "The future of our children needs both that we invest in sustainability and that we invest sustainably," she said. Read more |
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FROM THE EBF this month
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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