EBF MORNING BRIEF Tuesday 11 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
Bloomberg: Banks run by women lend less to big polluters
Banks with more gender-diverse boards lend less to more environmentally harmful companies, according to a research by the European Central Bank (ECB). As reported by Bloomberg, results confirm “the beneficial effects of more gender-diverse decision-making groups on firms’ outcomes and, in a wider perspective, on the global economy”. Read more
POLITICO: Interest rates may rise higher than markets expect
The European Central Bank (ECB) will continue to raise interest rates so long as inflation remains above target and may lift rates more than markets currently expect, the Dutch central bank said. According to POLITICO, the risk of a market reckoning is significant as the eurozone continues to slide into recession. Read more
Finextra: EU tenders for blockchain data and DeFi project
The European Commission has put out a tender for a study on "embedded supervision of decentralised finance," Finextra reports. The study will entail a six month pilot project to develop, deploy and test a technological solution that would enable regulatory bodies to automatically monitor compliance by reading public blockchain data. Read more |
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MAIN EVENTS For a full-year overview of key financial regulation events: click here |
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FROM EBF MEMBERS
NVB: Economic risks are increasing, banks are resilient
Like all other parts of our economy, banks are also being tested by inflation and growth prospects. Banks in the Netherlands are in good shape and they remain well capitalized even in the face of economic downturns. This is clear from the Overview of Financial Stability (OFS), says the Dutch Banking Association (NVB). Read more (NL)
BdB: The School Banker
On November 14th, the interactive bank management game by the Association of German Banks (BdB) will start again. Students will have the opportunity to act as executive chair of a bank and make management decisions. To do this, they dive deep into accounting, learn about the effects of the economy and take on responsibility. Read more (DE)
ABI: Digital euro: Banks actively engaged in the project
The European Central Bank (ECB) is continuing its work ro define the characteristics to shape the digital euro. As reported by the Italian Banking Associations (ABI), banks in Italy are actively involved in the project, also with innovative services. For instance, they have been working on the programmability of payments, on which they have worked on an experimental basis. Read more (IT) |
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FROM THE INSTITUTIONS EBA: Banks exposed to downside risks as residential real estate markets get overheated The European Banking Authority (EBA) published a thematic note on EU banks’ residential real estate exposures. EU banks reported more than EUR 4.1 trillion of loans and advances collateralised by residential immovable property. This corresponds to 1/3 of all loans towards households and non-financial corporates. Read more
ESMA: Strategic priorities for the next five years
The European Securities and Markets Authority (ESMA) has published its Strategy for 2023-2028. In the Strategy, ESMA details its long-term priorities and how it will use its competences and toolbox to respond to future challenges and developments. Read more
ECB: Gender diversity in bank boardrooms and green lending
Do female directors on banks’ boards influence lending decisions toward less polluting firms? A paper by the European Central Bank (ECB) finds that indeed banks with more gender-diverse boards provide less credit to browner companies. In addition, the paper also show that female director-specific characteristics matter for lending behavior to polluting firms as better-educated directors grant lower credit volumes to more polluting firms. Read more |
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FROM THE EBF
EBF: Workshop with BaFin
As part of the banking industry’s involvement in the efforts towards reaching a European integrated reporting system, the European Banking Federation (EBF) and Germany’s Federal Financial Supervisory Authority (BaFin) hosted recently a workshop to delve into the findings from the feasibility study “Redesign for Regulatory Reporting” produced by BaFin together with Deutsche Bundesbank, Germany’s Federal Ministry of Finance and the German banking industry. 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.
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