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. Recommend the EBF newsletters to a colleague. Click here to sign up! |
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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 Council Working Party on Tax Questions (Indirect Taxation) Friday 16 September Council Horizontal Working Party on Cyber Issues 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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This newsletter is published by the EBF Mediacentre. If you do not want to receive the EBF Morning Brief click here. For questions or suggestions contact v.barbieri@ebf.eu European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium |
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