EBF MORNING BRIEF Thursday 2 February 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.
Recommend the EBF newsletters to a colleague. Click here to sign up!
|
|
|
FROM THE MEDIA
Finextra: UK outlines plans to regulate the crypto asset industry
The UK Government has floated proposals to bring crypto assets into the same regulatory regime as traditional financial services. According to Finextra, proposals include strengthening rules for crypto trading platforms and a "robust world-first" regime for crypto lending by tightening the rules around financial intermediaries and custodians. Read more CNBC: Sticky inflation means the ECB could be far from a policy pivot The European Central Bank (ECB) is set to hike interest rates again on Thursday, with policymakers shifting their focus to core inflation and trying to predict when sky-high consumer prices might fall. Another big topic for the ECB this week will be quantitative tightening, CNBC reports. Read more
S&P Global Market Intelligence: Austrian bank RBI needs more time for Russia plans despite Ukraine sanctions
Raiffeisen Bank International's planning around the future of its Russian business has not changed for now despite recent sanctions imposed by Ukraine, CEO Johann Strobl said. As reported by S&P Global Market Intelligence, all options are being considered, including a sale or deconsolidation. Read more |
|
MAIN EVENTS Thursday 2 February Friday 3 February For a full-year overview of key financial regulation events: click here |
|
EBF Digital Thursdays The Advent of DORA:
What changes will the next 24 months bring? Thursday 23 February | 3:30 PM CEST | ONLINE |
|
The recently adopted Digital Operational Resilience Act (DORA) signals the introduction of a comprehensive legislative and regulatory framework with cybersecurity and resilience rules applicable to all financial services operators in the EU ecosystem.
At our next Digital Thursday in partnership with Deloitte, we will bring together banks, regulators and other cybersecurity experts to discuss how DORA shapes the sector’s cybersecurity landscape and how its requirements can be implemented in practice. |
|
FROM EBF MEMBERS BPFI: Mortgage Drawdowns, Q4 2022 The Banking & Payments Federation Ireland (BPFI) has published the latest figures from the BPFI Mortgage Drawdowns Report for Q4 2022 and the BPFI Mortgage Approvals Report for December 2022. Data shows almost €14.1 billion worth of mortgage drawdowns in 2022, the highest since 2008. Read more
Finance Norway: European Money Quiz 2023 opens registration
For the sixth time, Finance Norway is taking part in the European Money Quiz organized by the European Banking Federation (EBF). The national final will be held online on Thursday 16 March with the help of Kahoot! The winning teams will then travel to Brussels for the European finals in May. Read more (NO)
FBF: The "I invite 1 banker in my class" project
Thanks to the mobilization of hundreds of bankers, nearly 76,450 students have been made aware of the notions of budget, means of payment, and savings. During a “board game” workshop, the guest banker helps the children answer questions and contributes with his or her expertise, the French Banking Federation (FBF) reports. Read more (FR) |
|
FROM THE INSTITUTIONS EC: The Green Deal Industrial Plan The European Commission (EC) presented a Green Deal Industrial Plan to enhance the competitiveness of Europe's net-zero industry and support the fast transition to climate neutrality. The second pillar of the Plan will speed up investment and financing for clean tech production in Europe. Public financing and further progress on the European CMU can be drivers to unlock the amounts of private financing needed for the transition. Read more
ESMA: Review of the scope of CO and DTO
The European Securities and Markets Authority (ESMA) has published its final report on the clearing (CO) and derivative trading (DTO) obligations to accompany the benchmark transition. The report sets out proposed draft of Regulatory Technical Standards (RTS) amending the scope of the CO and DTO for over-the-counter (OTC) interest rate derivatives (IRD) denominated in EUR, GBP, JPY, and USD. Read more
EIOPA: Supervisory Convergence Plan for 2023
The European Insurance and Occupational Pensions Authority (EIOPA) published its Supervisory Convergence Plan for 2023. The Plan identifies EIOPA’s three main priorities to enhance supervisory convergence over the course of 2023. Read more |
|
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 |
|
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 |
|
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
|
|
|
|
