EBF MORNING BRIEF Thursday 6 October 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: Turmoil turns tide on Europe's banks after long recovery
Turmoil in markets has triggered alarm over how banks will cope, with regulators warning they could repeat some of the mistakes that led to the financial crisis more than a decade ago. According to Reuters, watchdogs are concerned that recent big swings in asset prices could compound the pressure on banks in the region. Read more
EURACTIV: Top EU banks exposed to $239bn in fossil fuel assets
A new report by Finance Watch unveiled the exposure of EU banks to fossil fuel assets and called for higher capital requirements to ward off the financial stability risk of stranded fossil fuel assets. The European Banking Federation (EBF) resists these amendments, calling them “counterproductive”. “They would make banking more rigid, not more robust,” an EBF spokesperson told EURACTIV, arguing that greening brown industries “will require lending from the banking sector to help them make the transition.” Read more
Finextra: EBA goes to tender for crypto and blockchain data management platform
The European Banking Authority (EBA) has put out a call for tender for blockchain analytics services and crypto-assets market data. The EBA says it wants access to real-time data on crypto-assets and crypto-assets markets via a subscription model, Finextra writes. This will help foster consumer protection and prevent the use of the financial system for money laundering and terrorist financing. Read more |
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MAIN EVENTS Thursday 6 October Friday 7 October For a full-year overview of key financial regulation events: click here |
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FROM EBF MEMBERS
FBF: The French facing cybersecurity: Perceptions and behaviors
On the occasion of Cybermonth, the French Banking Federation (FBF) unveils the results of its study conducted with Harris Interactive on the perceptions and behavior of French people in terms of cybersecurity. The results show that the French are generally aware of the risks since 89% consider their banking data to be sensitive. Read more (FR)
Finance Denmark: Investment fraud fell sharply at the start of the year
The first half of 2022 featured far fewer cases of investment fraud than the year before. Besides, the amount stolen in the fraud was lower. This is shown by the new figures published by Finance Denmark. Something could indicate that the great media attention to the problem has stopped a number of citizens from jumping on the scam. Read more (DK)
UK Finance: UK SAMLA and the type of sanctions
In a new episode of its podcast, UK Finance welcomes Maya Lester KC, barrister at Brick Court Chambers, to teach a lesson on the Sanctions and Anti-Money Laundering Act. Maya walks us through the implications of leaving the EU on UK sanctions, asset freezing financial sanctions, travel bans, trade sanctions, and much more. Read more |
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FROM THE INSTITUTIONS
ECB: The digital euro and central bank money
Cash is not the same thing as an electronic payment: the first is central bank money, and the second uses private money. How do you use each type of money in your daily life? And why does the difference matter when it comes to understanding the need for a digital euro? The European Central Bank (ECB) explains this in its recent publication. Read more
BIS: Buffer usability and cyclicality in the Basel framework
The Basel Committee on Banking Supervision issued a second report on the evaluation of the impact and effectiveness of implemented Basel reforms. As reported by the Bank for International Settlements (BIS), the report finds some indications of a positive relationship between banks' capital headroom and lending while limited evidence emerges that banks' reluctance to use liquidity buffers has affected their lending and market activity. Read more
EIB: Strategic Approach to Fragility and Conflict
The European Investment Bank (EIB) adopted its first Strategic Approach to Fragility and Conflict. It outlines the bank’s vision and approach to working in fragile and conflict affected contexts, with the aim to enhance EIB’s development impact. 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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