EBF MORNING BRIEF Tuesday 13 February 2024 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: ECB’s Claudia Buch wants banks to plan for emerging risks
A European Central Bank (ECB)’s top official said she will push lenders to come up with more detailed plans for how they would respond to emerging risks that could hurt their business, Bloomberg reports. “Many of the issues dominating today’s headlines were inconceivable a decade ago,” said Claudia Buch, Chair of ECB’s Supervisory Board. Read more
Reuters: ECB doesn't need to dampen still weak economy
The European Central Bank (ECB) does not need to dampen the euro zone's economy even more to get inflation under control because demand is still weak, ECB board member Piero Cipollone said. According to Reuters, he did not address the matter directly but said there was no need for curbing an already weak economy and an eventual recovery did not need to come with higher inflation. Read more
Finextra: Visa boosts B2B digital wallet capabilities
Visa teams up with Conferma Pay to let financial institutions add virtual corporate cards to employees’ digital wallets. As reported by Finextra, the service uses tokenization technology to minimise risks of fraud and provide a secure payment environment. Read more |
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MAIN EVENTS European Parliament Subcommittee on Tax Matters Council Working Party on the Environment SRB Annual Conference 2024: The road ahead: risk, readiness and resilience (Gonzalo Gasos, EBF Senior Director of Prudential Policy & Supervision, and Alexandra Maniati, EBF Senior Director of Innovation & Cybersecurity, speaking) |
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FROM EBF MEMBERS
Finance Norway: Bank customers are active like never before
Finance Norway conducted a survey to find out how active Norwegian bank customers are. Over half of all loan customers in Norway have moved, renegotiated, or checked that they had favorable loan terms. Never before has such a high level of activity among bank customers been estimated. Read more (NO)
FBF: François Lefebvre appointed Deputy Chief Executive Officer
François Lefebvre will join the French Banking Federation (FBF) in April 2024 as Deputy Director General, in charge of the Retail and Distance Banking, Digital, Payments and Operational Resilience and Legal and Compliance departments. Read more (FR)
Finance Latvia: Instant payments regulation: what changes?
The Europen Parliament approved a regulation to ensure payments from bank customers reach their beneficiaries faster, the so-called Instant Payments Regulation. Finance Latvia explains what will change in Latvia and what differences can bank customers expect with the entry into force of the regulation. Read more (LAT) |
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FROM THE INSTITUTIONS
ECB: The euro at 25: what next for Economic and Monetary Union?
Building Europe’s economic resilience is crucial in the face of intensifying geopolitical challenges. "We must further strengthen two key elements of our European project: the Single Market and the Economic and Monetary Union," says Piero Cipollone, Member of the Executive Board of the European Central Bank (ECB). Read more
SRB: MREL dashboard for Q3 2023
The Single Resolution Board (SRB) published its Minimum requirement for own funds and eligible liabilities (MREL) dashboard for Q3 2023. The dashboard presents the evolution of MREL targets and shortfalls for resolution and non-resolution entities as well as the level and composition of resources of resolution entities in the quarter. Read more
EC: Agreement on economic governance framework fit for the future
The European Commission (EC) welcomes the agreement between the European Parliament and the Council on the most ambitious and comprehensive reform of the EU's economic governance framework since the aftermath of the economic and financial crisis. 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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