EBF MORNING BRIEF Thursday 29 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.
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FROM THE MEDIA
Reuters: ECB policymakers put 75 bps hike on table for October
As reported by Reuters, the European Central Bank (ECB) may need to raise interest rates by another 75 basis points at its October meeting and move again in December to a level that no longer stimulates the economy. As part of normalisation, Kazimir said the ECB could also start a debate this year on reducing its balance sheet but a discussion did not automatically mean that such action is imminent. Read more
S&P Global Market Intelligence: Bank of Cyprus set for profit growth, dividends after bad loan cleanup
In an interview with S&P Global Market Intelligence, Panicos Nicolaou, CEO of Bank of Cyprus PLC, affirmed that Bank of Cyprus is on track to book a return on tangible equity of 10% and resume dividends in 2023 despite growing macroeconomic challenges. Read more
Risk.net: EBA eyes top-down stress test for credit risk
The European Banking Authority (EBA) has set its sights on a new model for credit risk that would use the regulator’s own formulas, rather than allowing banks to use their internal projections. This top-down model is part of the regulator’s vision for its “hybrid” approach to testing EU banks’ resilience to economic shock, Risk.net reports. Read more |
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MAIN EVENTS
Thursday 29 September
Friday 30 September For a full-year overview of key financial regulation events: click here |
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FROM EBF MEMBERS AEB: Award for the commitment to financial education The Spanish Banking Association (AEB), CECA and the National Union of Credit Cooperatives (Unacc) have received an award for their initiative 'Financial and Digital Classroom'. This award is a recognition of the commitment of the Spanish banking sector to financial and digital education. Read more (ES)
UK Finance: Is cloud technology the key to improving ESG data?
In the last few years, there has been growing attention on Environmental, Social, and Governance (ESG). This article by UK Finance explores the importance and the main issues regarding ESG data, as well as possible cloud-based solutions. Read more
Febelfin: A new record of outstanding credits to companies
Outstanding business loans at the end of June 2022 were 6.3% higher than in the same period of the previous year, reaching 182.7 billion euros. This outstanding loan granted had never before reached such a record, Febelfin writes. Read more (FR) |
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FROM THE INSTITUTIONS
EBA: Guidelines on transferability to support the resolvability assessment for transfer strategies
The European Banking Authority (EBA) published its final Guidelines on transferability to support the resolvability assessment for transfer strategies. In particular, the guidelines on transferability provide guidance relating to the definition of the transfer perimeter and the steps to operationalise the implementation of the transfer. Read more
ECB: Delivering on commitments over the entire business cycle
"The European Central Bank (ECB) actions in pursuit of price stability do not undermine the commitment to incorporating climate change considerations within our mandate," says ECB Executive Board member Frank Elderson. And this same commitment does not undermine our commitment to price stability, he adds. Read more
BIS: Klaas Knot on public and private risk sharing in the EMU
"In addition to a stronger banking union, we need a stronger Capital Markets Union to bolster private risk sharing," Klaas Knot, President of the Netherlands Bank says in a speech publshed by the Bank for International Settlements (BIS). "It lead to more risks being shared privately, they reduce systemic risk and they stimulate diversification of the funding mix of corporates." 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.
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