📝EBF Morning Brief - Thursday 20 April 2023: ECB set to keep hiking if projections hold, De Cos says

EBF MORNING BRIEF Thursday 20 April 2023

FROM THE MEDIA

Bloomberg: ECB set to keep hiking if projections hold, De Cos says

The European Central Bank (ECB) will have to continue raising interest rates if its latest macroeconomic outlook remains intact following the recent bout of financial-sector stress, according to Governing Council member Pablo Hernandez de Cos. As reported by Bloomberg, De Cos sees ‘broad consensus’ on ECB decisions prevailing. Read more

Finextra: BoE finds new use cases for DLT in synchronized settlement

The Bank of England (BoE) and the Bank for International Settlements (BIS) have successfully completed a DLT-based pilot to assess the use of synchronous settlement in central bank money, Finextra reports. "The project will support the analysis of synchronization's benefits and shape how that service should be designed," Francesca Hopwood Road, head of the BIS Innovation Hub London Centre says. Read more

S&P Global Market Intelligence: European banks to keep calm, carry on with billions in buybacks, ECB repayments

European banks are preparing to deliver on massive share buyback plans and repay hundreds of billions of euros in cheap central bank funding as they look to calm investors spooked by recent turmoil in the sector. Still, liquidity at European banks is generally at its strongest in decades, according to S&P Global Market Intelligence. Read more

MAIN EVENTS

Thursday 20 April

Council Financial Services Committee

Council Working Party on Tax Questions (Indirect Taxation)

Swedish Council presidency meeting of the Trade Policy Committee

Bruegel ‘EU’s fight against (in-work) poverty: case for minimum living income’ event

Cybersec Europe 2023 event

Think2030 Dialogue Sweden ‘Navigating crisis through sustainability’ event

CEPS ‘Harnessing high-quality data for climate resilience’ event

ERA ‘Payment Systems and Services – Review of EU Rules and Beyond’ seminar

VUB ‘The digital Euro: the end of privacy in payments?’ online event

FT ‘How Can the Built Environment Drive Social and Environmental Value?’ webinar

Bloomberg ‘New Economy Gateway Europe’ event

Friday 21 April

Council Working Party of Financial Counsellors

ERA ‘Payment Systems and Services – Review of EU Rules and Beyond’ seminar (Anni Mykkänen, EBF Senior Policy Adviser on Innovation & Payments speaking)

GCLC "The future of energy markets : which role for competition policy in the current geopolitical context’ conference

FT ‘What They Don't Teach You About Money’ webinar

For a full-year overview of key financial regulation events: click here

FROM EBF MEMBERS

CBA: Czechs and mortgages 2023

A fifth of the population is planning a mortgage while interest in housing loans increased by a third year-on-year. This is what emerges from a joint survey by the Czech Banking Association (CBA) and research agency Ipsos. Read more (CZ)

Febelfin: Crisis energy: 12,000 payment of credits mortgage granted

In autumn 2022, the financial sector made a unique commitment to helping households get through the energy crisis. By the end of March 2023, a total of 11,946 payment deferrals were granted over a period of 6 months, Febelfin reports. Read more (FR)

Finance Denmark: Danes' interest in home buying is increasing

For the third month in a row, the number of loan offers to Danes considering buying a home is increasing. But the increase comes from a low level, and the number is still low in March, according to Finance Denmark. Read more (DK)

FROM THE INSTITUTIONS

ECB: Monetary policy and the financing of firms

Firms must grapple not only with the inflation shock but also with the impact of the upward shift in interest rates that is needed to ensure inflation quickly subsides, says European Central Bank (ECB) Chief Economist Philip R. Lane at Enterprise Ireland Summit. Read more

ESMA: Data quality improves under new monitoring approach

The European Securities and Markets Authority (ESMA) published the third edition of its Data Quality Report. The report highlights the increased use of transaction data by EU financial regulatory authorities in their day-to-day supervision and identifies significant quality improvements following a new approach to data monitoring. Read more

EBA: Charter on Diversity and Inclusion

The European Banking Authority (EBA) adopted the EU Agencies network charter on diversity and inclusion thus reinforcing its commitment to take concrete actions to promote equal treatment of and opportunities for its staff. 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

European Banking Federation