EBF MORNING BRIEF Tuesday 14 December 2021 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: The transitory inflation question is coming for the ECB
The European Central Bank (ECB)’s biggest decision this week is to decide if it can still call the current inflation spike “transitory”, Bloomberg says. The answer will have a huge bearing on the euro-area economy, which is already dealing with resurgent coronavirus infections, new restrictions and lockdowns, and uncertainty about the omicron variant. Read more
Finextra: Vermeg unveils software to connect EU banks with new Eurosystem Collateral Management System
Finextra reports that VERMEG, a specialized software house covering Banking, Wealth and Asset Management, and Insurance, has announced a new software solution called ‘EASY Collateral. This will enable European Banks to be ready for connection and operation with the new ECMS, which launches in November 2023. Read more
Reuters: Germany to announce the new Bundesbank president soon
Germany's new Finance Minister Christian Lindner said there is still no decision yet on who will succeed outgoing Bundesbank President Jens Weidmann, but he added that the government would announce its proposal very soon. The German government is expected to pick his replacement before Christmas, Reuters reports. Read more |
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MAIN EVENTS
For a full-year overview of key financial regulation events: click here
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REGISTRATION OPEN "Cloud Computing Transformation in Financial Services: A look at Cloud Migration Strategy and Cloud Security Compliance” webinar |
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| | On 19 January 2022, the EBF will co-host with Reply the “Cloud Computing Transformation in Financial Services – A look at Cloud Migration Strategy and Cloud Security Compliance” webinar. Drawing on the results of a survey conducted by Reply and covering more than 100 financial institutions in the EU and the UK, this event will look at the main challenges around Cloud Migration as well as Security and Compliance considerations. |
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FROM THE EBF MEMBERS
LBA: "Five4Life" - COVID-Vaccinations for the poorest in our world
Liechtenstein banking center raises funds for UNICEF's COVAX project. As the world's largest purchaser of vaccines, UNICEF has been mandated by the United Nations to procure and distribute them. For this, UNICEF needs financial support. Liechtenstein banks have decided, under the umbrella of the Liechtenstein Bankers Association (LBA) to call on all employees in the banking center to take part in the fundraising campaign "Five4Life". Read more
BdB: Increase prosperity, reduce inequality: wealth creation as a cross-cutting task in politics
Wealth creation contributes to societal prosperity and can reduce inequality. What can policymakers do to help citizens achieve this? Dr. Hans-Jörg Naumer, Head of Global Capital Markets and Thematic Research at Allianz Global Investors discusses the promotion of wealth creation as a cross-cutting task in politics in a blog by the Association of German Banks (BdB). Read more (DE)
AEB: Financial education
"It is key that from a young age we are aware of what things cost, that we learn to differentiate between wants and needs, and that we think about saving. These basic notions of financial education must be transmitted at home and taught at school", José Luis Martínez, spokesperson for the Spanish Banking Association (AEB) says. Read more (ES) |
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FROM THE INSTITUTIONS
EBA publishes amended technical standards on credit risk adjustments
The European Banking Authority (EBA) published its final report on the draft Regulatory Technical Standards (RTS) amending its RTS on credit risk adjustments in the context of the calculation of the Risk Weight (RW) of defaulted exposures under the Standardised Approach (SA) of credit risk. Read more
ESMA: ESEF XBRL taxonomy files and ESEF conformance suite
The European Securities and Markets Authority (ESMA), the EU securities markets regulator, has published the 2021 ESEF XBRL taxonomy files and an update to the ESEF Conformance Suite to facilitate implementation of the ESEF Regulation. Read more
FSB: AML Risk Assessments
The Financial Stability Board (FSB) has highlighted that the IMF-World Bank has published a draft framework for money laundering/terrorist financing risk assessment of a remittance corridor. The goal is to promote “safe payment corridors”. Read more |
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FROM THE EBF
Proposal for a regulation on European Green Bonds: EBF position
The EBF welcomes the European Commission’s proposal for the development of a voluntary EU Bond Standard (EU GBS), which will provide a common language and serve as a ‘gold standard’ for green bonds by ensuring that proceeds of the bond are allocated according to what is defined as ‘green’ by the Taxonomy. Read more
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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