EBF MORNING BRIEF Thursday 4 May 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! |
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FROM THE MEDIA Bloomberg: Europe’s banks drop in loan demand but upbeat on profit Banks in Europe are facing flagging demand for loans amid rising borrowing costs and industry turmoil, but they remain optimistic about profitability from higher lending rates. According to Bloomberg, the overwhelming majority of banks said that the rising rates will continue to improve their profitability. Read more POLITICO: ECB may take smaller step, but won’t signal end of journey The European Central Bank (ECB) is expected to take its foot off the rate-tightening pedal by opting for a smaller rate hike of 0.25 percent while indicating that further rates are still to come. A rate hike on Thursday would mark the seventh consecutive hike for the ECB, POLITICO reports. Read more PYMNTS: Europe’s banks must drive FinTech partnerships Online business-to-business marketplaces are growing in popularity, helping to accelerate digital payment innovation. This creates a ripe opportunity for financial institutions to unlock huge gains in the fast-growing space by helping corporate clients manage payments with greater insight and efficiency, says Alexandre Maymat, Head of global transaction and payment services at Société Générale, as reported by PYMNTS. Read more |
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MAIN EVENTS Thursday 4 May IACPM ‘Annual Spring Conference’ (Gonzalo Gasos, EBF Senior Director of Prudential Policy & Supervision, speaking) Friday 5 May Council Horizontal Working Party on Cyber Issues For a full-year overview of key financial regulation events: click here |
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FROM EBF MEMBERS SBA: Roman Studer becomes CEO of the SBA The Board of Directors of the Swiss Bankers Association (SBA) has unanimously elected Roman Studer as CEO. Roman Studer knows the financial sector in depth and has many years of experience as an executive and responsible courses in the areas of economic policy and financial markets. Read more (FR) BPFI: Students win top spot to represent Ireland at EMQ Banking & Payments Federation Ireland (BPFI) announces that David Rath and Alex Jacewicz will represent Ireland in the finals of the European Money Quiz (EMQ), Europe’s largest financial education competition by the European Banking Federation (EBF). Read more ABBL: Responsibility Report 2022 The Luxembourg Banker's Association (ABBL) published the 2022 Responsibility Report. The report provides an overview of ABBL's achievements and priorities and showcases its CSR efforts and their impacts on society, the economy, and the environment. Read more |
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FROM THE INSTITUTIONS EC: Anti-corruption: Stronger rules to fight corruption in the EU The European Commission (EC) presented an anti-corruption proposal; this is a milestone in the fight against corruption at the EU level. The set of measures includes strengthened rules criminalizing corruption offenses and harmonizing penalties across the EU. Read more BIS: Monetary and fiscal dimensions of responding to global shocks Rannveig Sigurðardóttir, Deputy Governor for Monetary Policy of the Central Bank of Iceland discussed the role and interaction of monetary and fiscal policy in a speech published by the Bank for International Settlements (BIS). Read more European Council: Empowering consumers for the green transition The Council has adopted its position on the proposed directive to empower consumers for the green transition, which aims at enhancing consumers´ rights by amending the unfair commercial practices directive (UCPD) and the consumer rights directive (CRD). Read more |
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FROM THE EBF EBF Position Paper on the Listing Act Proposal The EBF fully supports the CMU objective of increasing participation by European companies to Capital Markets and welcomes the proposal to simplify the EU listing regulatory framework to facilitate access to funding in public markets. Read more 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 European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium |
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