EBF MORNING BRIEF Thursday 14 December 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: Credit data āblack holeā spooks European bank watchdogs
Bank regulators are nervous about a lack of data on risks that could be building up in private credit and other areas outside the traditional banking sector, according to the head of the European Banking Authority (EBA). The EBA head stopped short of calling for new regulatory powers to rein in private credit, Bloomberg reports. Read more
FT: France seeks weaker EU due diligence rules for banks
France is pushing for banks not to be held liable for the environmental or labor shortcomings of their clients in crunch talks on new EU due diligence rules, effectively calling for the proposed regulations to be watered down. Financial institutions could be excluded from the new rules during a phase-in period, or the directive could be watered down, people close to the talks heard by the Financial Times (FT) said. Read more
S&P Global Market Intelligence: European banks avoided bad loan surge in H1 2023 amid higher rates
Europe's largest lenders experienced no increase in bad loans in the first half of 2023, confounding forecasts of a deterioration in asset quality, according to the latest European Banking Authority (EBA) transparency exercise. While the report provides evidence of the resilience of Europe's banking sector, more recent S&P Global Market Intelligence data suggests NPLs may be ticking up. Read more |
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MAIN EVENTS
Thursday 14 December
OECD 'Platform on Financing SMEs for Sustainability' 2nd Annual Conference (BurƧak Inel, EBF Director of Financing Sustainable Growth, speaking) Friday 15 December |
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FROM EBF MEMBERS
NVB: Banking sector supports 'Code-V'
The banking sector supports the so-called 'Code-V' for equal entrepreneurial opportunities for women in the Netherlands. 65 organizations, including several banks, signed the code. On behalf of the Dutch Banking Association (NVB), chairman Medy van der Laan signed a statement of support. Read more (NL)
ABI: Executive Committee satisfied with contract renewal agreement
The Italian Banking Association (ABI) Executive Committee expresses its satisfaction with the agreement to renew the National Collective Labour Agreement. This is an innovative and dynamic agreement capable of guiding people's professional lives. Read more (IT)
Finance Norway: 100,000 have chosen their own supplier
In 2021, employees with a defined contribution pension were allowed to choose which provider would manage their pension. According to Finance Norway, this came after the introduction of a separate pension account. Pension Account Register statistics show that over 100,000 have chosen their provider. Read more (NO) |
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FROM THE INSTITUTIONS
ESMA: CSA on ESG disclosures for Benchmarks Administrators
The European Securities and Markets Authority (ESMA) will launch a Common Supervisory Action (CSA) with National Competent Authorities (NCAs) on ESG disclosures under the Benchmarks Regulation (BMR). It is the first CSA for ESMA in its role as a direct supervisor of Benchmarks Administrators. Read more
EIOPA: Consultation on the prudential treatment of sustainability risks
The European Insurance and Occupational Pensions Authority (EIOPA) has launched a consultation on the prudential treatment of sustainability risks. EIOPA is committed to ensuring that the prudential framework adequately takes these risks into account with the ultimate goal of protecting consumers and safeguarding financial stability. Read more European Council: AML: agreement with EP to create new authority The European Parliament (EP) and the European Council reached a provisional agreement on creating a new European authority for countering money laundering and financing of terrorism (AMLA). 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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