EBF MORNING BRIEF                Tuesday 20 June 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: ECB said to signal banks face harsher stress test results

European regulators are telling banks that sailed through an early round of this year’s stress test that the final results will be less rosy. The European Central Bank (ECB) has signaled to lenders benefiting from the surge in interest rates to prepare for adjustments in the name of achieving more credible results, people heard by Bloomberg said. Read more


Reuters: ECB hawks argue for more hikes 

According to Reuters, the European Central Bank (ECB) should err on the side of further interest rate hikes as inflation could come in even higher than it expects, two ECB policymakers said. Read more


CoinDesk: EU legislation for Digital Euro is put on hold

EU legislation needed to underpin a digital euro, originally due to be published June 28, has been put on hold, CoinDesk has been told. The commission did not provide a reason for the delay, nor did it give a new date for publication. Read more

MAIN EVENTS

For a full-year overview of key financial regulation events: click here

FROM EBF MEMBERS


Finance Denmark: Valuation of loans and mortgages in real estate

Finance Denmark has submitted a consultation response to the Danish Financial Supervisory Authority on Guidance for §27 of the Executive Order on the valuation of mortgages and loans on real estate as security for the issuance of covered bonds. Read more (DK)


Finance Latvia: Loans issued in the first quarter increased by 6%

The number of loans issued by commercial banks in the first quarter of 2023 exceeded 15 billion euros, which is 6% more than in the corresponding period last year, according to the data of Finance Latvia. Read more (LAT)


LBA: Sustainable Development Goals

Our planet is facing serious economic, social, and environmental challenges. To address these, the Sustainable Development Goals (SDGs) set globally valid priorities and targets until 2030. The Liechtenstein Bankers Association (LBA) sees the SDGs as an orientation framework for designing, managing, and communicating strategies, goals, and business activities sustainably in the future for the benefit of future generations. Read more

Women in Technology webcast

How to transform your journey to leadership

On Thursday 22 June, the EY team will host the seventh in a successful series of Women in Tech webcasts across financial services. During the webcast, EY panelists and talented external speakers will discuss and explore how to transform your journey to leadership in the technology space, sharing lived experiences and practical guidance on early career, middle management, and leadership.
 
Our CEO, Wim Mijs will join the discussion!

REGISTER NOW

FROM THE INSTITUTIONS


ECB: The risks of stubborn inflation

Risks to the medium-term inflation outlook in the euro area are tilted to the upside, says European Central Bank (ECB) Executive Board member Isabel Schnabel. Given the uncertainty about inflation persistence, the ECB needs to remain data-dependent and err on the side of determination. Read more


BIS: The outlook for the natural rate of interest under short-run inflationary pressures and structural shifts

Olli Rehn, Governor of the Bank of Finland spoke about monetary policy during large shocks. In the speech published by the Bank for International Settlements (BIS), he calls for policymakers to be guided by three principles: modesty, openness, and flexibility. Read more


EC: Fair and simple taxation: better-withholding tax procedures will boost cross-border investment and help fight tax abuse

The European Commission (EC) has proposed new rules to make withholding tax procedures in the EU more efficient and secure for investors, financial intermediaries (e.g. banks), and Member State tax administrations. Read more

FROM THE EBF  
 

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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

This newsletter is published by the EBF Mediacentre.
For questions or suggestions contact v.barbieri@ebf.eu

 

European Banking Federation

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