FROM THE MEDIA

Bloomberg: Central Bank boss hails renewed faith in Latvia after scandals

Latvia’s central bank chief says he’s succeeding in rebuilding public trust after his predecessor was charged with bribery and a string of local lenders were closed following money-laundering scandals, Bloomberg writes. Read more (€)

Law360: EU forcing banks to take part in 'Basel' monitoring exercise

The European Banking Authority said on Tuesday that it will expand its voluntary Basel monitoring exercise from December to bring in smaller lenders. The global Basel III framework forces banks to boost their capital holdings and report their liquidity levels to regulators to help reduce reliance on borrowed money, Law360 reports. Read more (€)

S&P Global: Danske Bank breached at least 47 money-laundering regulations

Danske Bank A/S breached at least 47 different anti-money laundering regulations amid billions of dollars of suspicious funds transferred through the bank's Estonian branch, the Organized Crime and Corruption Reporting Project said, citing a 2014 audit report, S&P Global Market Intelligence writes. Read more

EVENT SERIES ON FINANCIAL LITERACY IN EUROPE
 

DAY 2: Addressing the gender gap in financial literacy as part of a broader strategy for economic empowerment

Wednesday 24 March, 16:00 CET
 

Financial education and Gender Equality are central to delivering a thriving European economy. Join our event on addressing the gender gap in financial literacy as part of a broader strategy for economic empowerment. READ MORE. Do not miss DAY 1 and DAY 3 events!

MAIN EVENTS today

• European Parliament Committee on Economic and Monetary Affairs meeting

• European Issuers Capital Markets Webinar "How Can the Capital Markets Union New Action Plan Boost Europe's Economic Recovery?"

• Council Working Party on Financial Services meeting

• UK in a Changing Europe ‘Whitehall in Brussels: the UK Permanent Representation to the EU’ report launch

• European Commission conference on strengthening the EU’s bank crisis management and deposit insurance framework

• Swiss Finance Council ‘Post-Pandemic Recovery and New Growth Models — part 2’ event

• EBF Governance Task Force virtual meeting

• EBF Communication & CSR Steering Group virtual meeting

FROM THE EBF MEMBERS

ABBL: Payments landscape: key findings during the health pandemic

The digital transformation of our society is accelerating and payments services are playing an increasingly important role, directly enabling that evolution. The dynamism of the payments landscape in Luxembourg reflects the strength of the country as a leading global financial center and a key player within the European single market, the Luxembourg Bankers' Association (ABBL) writes in its latest post. Read more

LBA: Good annual accounts of the banks in Liechtenstein

Good results, high Tier 1 capital ratio, net new money inflow, and further expansion of the commitment to sustainability – this is how the year 2020 can be summarised from the perspective of the banks. The outlook remains difficult in light of the ongoing uncertainties, but optimism is definitely called for thanks to the banks’ crisis-tested business models, the Liechtenstein Bankers Association (LBA) reports . Read more

Finance Denmark: One in ten young Danes have high consumer debt

A new report from Finance Denmark shows that more than one in ten young Danes have a high consumer debt, already two years after they have moved away from home. This is especially true among young people in West and South Zealand. Read more (DK)

FROM THE INSTITUTIONS

FROM THE EUROPEAN BANKING FEDERATION

Counting Everyone In: Ensuring Access to Financial Education for All Europeans

As Europe embarks on a path to a more digital and green future, boosting citizens’ financial skills is more important than ever. This transformation presents us with a key opportunity to make sure we are #CountingEveryoneIn when it comes to financial literacy. There is no one-size-fits-all solution to challenges faced by individuals from diverse backgrounds and with different life experiences, so more tailored approaches are needed to build financial skills. That’s why we decided to dedicate this European Money Week to exploring key barriers to, and best practices in promoting financial wellness among different social groups, EBF CEO Wim Mijs says in his latest post. Read more

European Banking Federation is hiring!

The European Banking Federation is looking for various positions to join its team. Have a look at the vacancy page and find out more.

ABOUT THE EUROPEAN BANKING FEDERATION
 

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European Banking Federation