EBF MORNING BRIEF Thursday 5 October 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: Lagarde sticks with ECB’s restrictive rate stance
As reported by Bloomberg, European Central Bank (ECB) President Christine Lagarde reiterated that borrowing costs will remain elevated for some time to contain inflation. Future ECB decisions “will ensure that the interest rates will be set at sufficiently restrictive levels for as long as necessary,” Lagarde said. Read more
Reuters: Banks behind 70% jump in greenwashing incidents in 2023
The number of instances of greenwashing by banks and financial services companies rose 70% in the past 12 months, a report by RepRisk seen by Reuters shows. The European Banking Federation (EBF) said the report comprised allegations rather than verified claims. EBF added that the rise in greenwashing claims may be linked to increased scrutiny of banks, rather than deliberate misrepresentations by lenders. Read more
Cointelegraph: BIS, EU banks to build data platform tracking crypto
The Bank for International Settlements (BIS) and a handful of European central banks are building a system to track international flows of cryptocurrencies. The project combines off-chain data from cryptocurrency exchanges with on-chain data from public blockchains gathered by nodes, Cointelegraph reports. Read more |
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MAIN EVENTS Thursday 5 October
Friday 6 October
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Hellenic Bank Association (HBA) ‘EU Banking Sector Challenges for Southern Europe’ Conference (Wim Mijs, EBF CEO & Sebastien de Brouwer, EBF Chief Policy Officer & Gonzalo Gasόs, EBF Senior Director of Prudential Policy and Supervision & Alexandra Maniati, EBF Senior Director of Innovation & Cybersecurity speaking) -
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The third edition of the EMEIA Financial Services
Women in Technology magazine 'Transform in Tech' by EY is out! |
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The stories in this edition focus on how technology is transforming the financial services industry with a focus on the tech skills and diverse talents that will shape the workforce of the future.
In a dedicated section, Alexandra Maniati, Senior Director, Innovation & Cybersecurity at the European Banking Federation highlights the importance of diversity in navigating Digital Finance and shares her view on the top 3 priorities for a diverse workforce in digital finance. |
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FROM EBF MEMBERS
BdB: EU Taxonomy for Sustainable Investments
The EU Taxonomy is the world's most detailed and comprehensive framework for classifying sustainable economic activities. To better break down this complexity, the Association of German Banks (BdB) has published a guideline in 2022. Since the taxonomy framework has evolved steadily since then, the BdB has issued an updated guide. Read more (DE)
ABI: Preventing and combating gender violence
The president of the Italian Banking Association (ABI), Antonio Patuelli, signed a Memorandum of Understanding (MoU) with the Minister for Family, Birth, and Equal Opportunities to strengthen commitment against gender violence. The goal is to raise awareness and support financial inclusion. Read more (IT)
FBF: OFE report on VSE access to bank credit
The Observatory for Business Financing (OFE), of which the French Banking Federation (FBF) is a member, has published a report on the access of very small businesses (VSEs) to cash loans. The conclusions of the report show that, despite repeated economic shocks since 2020, VSEs are in a favorable economic and financial situation and have benefited from broad access to appropriate short-term financing. Read more (FR) |
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FROM THE INSTITUTIONS
ECB: Monetary policy in the euro area
Much of the transmission of monetary policy decisions from financing conditions to the real economy is yet to come, says European Central Bank (ECB) Vice-President Luis de Guindos. We need a data-dependent approach to determining the appropriate level and duration of this restrictive policy stance. Read more
EBA: List of EU third-country groups and third-country branches
The European Banking Authority (EBA) published the updated list of all third-country groups (TCGs) with intermediate EU parent undertakings IPU(s), and the list of all third-country branches (TCBs) operating in the EU and European Economic Area (EU/EEA). Read more
ESAs: Joint Committee Work Programme for 2024
The Joint Committee of the European Supervisory Authorities (ESAs) publishes its Work Programme for 2024, outlining the areas of work and planned deliverables in 2024. The Joint Committee will also continue to closely monitor and assess emerging key cross-sectoral risks and vulnerabilities for financial stability. Read more |
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FROM THE EBF EBF: Interview between Andrea Enria, Chair of the Supervisory Board of the ECB and Wim Mijs, EBF CEO The European Banking Federation (EBF) published the transcript of the interview with Andrea Enria, Chair of the Supervisory Board of the European Central Bank (ECB), conducted by Wim Mijs, CEO of the EBF. The interview took place on 28 September during the seventh edition of the Single Supervisory Mechanism (SSM) boardroom dialogue organized by the EBF. 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
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