EBF MORNING BRIEF Thursday 21 September 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.
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FROM THE MEDIA
Bloomberg: Buch wins endorsement for ECB top banking watchdog job
Bundesbank Vice President Claudia Buch’s bid to become the continent’s top banking regulator won the backing of a key group of European lawmakers. According to Bloomberg, she said she’d continue reforms kicked off by the ECB’s current head of banking supervision and focus on adapting to new risks and an unpredictable economic environment. Read more
FT: Fiscal union would boost EU defense spending, says ECB’s Panetta
As reported by the Financial Times (FT), Fabio Panetta, a board member at the European Central Bank (ECB), said there was a “strong economic case” for Brussels to provide centralized funding for EU defense.“Moving from fiscal governance to fiscal union requires a permanent central fiscal capacity,” he said. Read more
Reuters: NatWest chair blasts how BoE regulates lenders
The Bank of England (BoE) risks leaving banks "uninvestable" due to how it applies capital requirements and introduces ad hoc changes like banning dividends, according to NatWest Chair Howard Davies. "The dividend ban was a damaging intervention, and damaged the image of European banks in the eyes of investors with a significant impact on competitiveness," Davies told a conference where Reuters was present. Read more |
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CIRSF International Conference 2023 Critical Challenges for the Financial Sector Entering the
Second Quarter of the 21st Century
9 - 10 October 2023
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On 9 and 10 October 2023, the CIRSF - Research Centre on Regulation and Supervision of the Financial Sector will host its International Conference 2023 on the critical challenges for the financial sector entering the second quarter of the 21st century.
We are happy to announce that Maria Ana Barata, EBF Policy Adviser for Prudential Policy & Supervision will join other young researchers to explore the emerging trends in financial legislation and dive into the challenges and open questions these raise.
You have until 30 September 2023 to register! |
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FROM EBF MEMBERS BdB: Herkenhoff: Smart regulation for successful transformation The Association of German Banks (BdB) has published a blog by Bundesverband CEO Heiner Herkenhoff. "Apart from the special case of Credit Suisse, the European banking system proved to be extremely stable in a critical situation, and the regulatory system proved to be effective," he said. Read more (DE)
Finance Denmark: Entrepreneurs must have better access to capital
Entrepreneurs and growth companies are completely dependent on having access to sufficient capital. Without this access, Denmark misses out on innovation and growth. Three specific proposals from Dansk Industri (DI) and Finance Denmark aim to make it more attractive to invest in entrepreneurs and growth companies. Read more (DK)
ABBL: The public utility of listening to bankers
"The stability and profitability of banks is not only a matter of private interest, but a matter of public utility," writes Guy Hoffmann, President of the Luxembourg Bankers' Association (ABBL). The ABBL has, hence, participated in the development of a catalog of proposals to position the financial sector as a key player in the long-term in Luxembourg. Read more (FR) |
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FROM THE INSTITUTIONS
ECB: Future-proofing fiscal policies in Europe
It's key to strengthen the “E” in the Economic and Monetary Union (EMU), says European Central Bank (ECB) Executive Board member Fabio Panetta. This cannot be achieved without a well-coordinated fiscal stance and a permanent central fiscal capacity. Read more
EIOPA: Survey on access to cyber insurance by SMEs
The European Insurance and Occupational Pensions Authority (EIOPA) launched a survey on access to cyber insurance by Small and Medium Enterprises (SMEs) to gain deeper insights into the challenges small businesses face in protecting themselves from cyber risks and to evaluate the level of access to cyber insurance. Read more
SRB: Laboureix ‘reasonably comfortable’ with Irish plans
Dominique Laboureix says the Single Resolution Board (SRB) is moving to a new phase of work on eurozone banks. In a recent article, the head of SRB said he is “reasonably comfortable” with the recovery plans Irish banks have drawn up in the event of another crisis, in advance of the 15th anniversary of the controversial banking guarantee. Read more |
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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 |
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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.
For questions or suggestions contact v.barbieri@ebf.eu
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