EBF MORNING BRIEF Tuesday 28 February 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 Reuters: BIS urges central banks to 'get the job done' Central banks need to "get the job done" when it comes to getting inflation back under control, the Bank for International Settlements (BIS) says in the quarterly report. The BIS affirmed it was vital that authorities didn't repeat the stop-start cycles of the 1970s, Reuters reports. Read more
Bloomberg: ECB is seen hiking into 2024
Traders are betting for the first time that the European Central Bank (ECB) will extend its rate-hiking cycle into 2024, leading to a selloff in German debt that took yields to multi-year highs. Data Thursday will likely show the core inflation rate in the euro area sticking at a record 5.3% in February, according to economists polled by Bloomberg. Read more
S&P Global Market Intelligence: Irish bank stocks eye greater heights after outpacing European peers in 2022
Ireland's three listed lenders are set to extend their recent share price surge as rising interest rates, reduced competition, and a strong domestic economy boost income. They are expected to report sharp year-over-year increases in revenue and profits for 2022 and build on those gains in 2023, according to data by S&P Global Market Intelligence. Read more |
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MAIN EVENTS For a full-year overview of key financial regulation events: click here |
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LIVE TODAY Workshop on Cyber Security,
Market Disclosure & Industry |
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Today, the Catholic University of the Sacred Heart together with Consob is hosting a Workshop on Cyber Security, Market Disclosure & Industry. The event will discuss the opportunity to increase market disclosure and resilience regarding cyber risks of companies to strengthen the protection of investors and market awareness.
Alexandra Maniati, EBF Senior Director of Innovation & Cybersecurity will deliver a keynote speech presenting the topic of cyber resilience and the potential impact of the new DORA legislation.
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FROM EBF MEMBERS Finance Denmark: Schoolchildren to learn about money Financial education at an early stage is key for kids to be able to make wise financial choices later in life. That is why Finance Denmark is again participating in the European Money Week starting on Monday 13 March. Read more (DK)
ABBL: The digital transformation of banks is accelerating
In an article published by Paperjam, Ananda Kautz, Head of Innovation, Payments & Digital at the Luxembourg Bankers' Association (ABBL), looks at the digital transformation of banking players and their collaboration with fintech. Read more
Finance Latvia: One million euros defrauded by telephone fraudsters
In January of 2023, funds amounting to almost EUR 1 million were defrauded from customers at the four largest commercial banks in Latvia, according to the data published by Finance Latvia. These statistics refer to cases where customers have self-authorized payments from their accounts, but it turns out that fraud has occurred. Read more (LAT) |
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FROM THE INSTITUTIONS
ECB: Macro-Financial Stability in the EU
Philip R. Lane, Member of the Executive Board of the European Central Bank (ECB) goes through some key lessons on macro-financial stability in Europe on the occasion of Fifty Years of Irish Membership of the EU. Read more EBA: No-action letter on the boundary between the banking book and the trading book provisions The European Banking Authority (EBA) published a no-action letter stating that competent authorities should not prioritize any supervisory or enforcement action in relation to the new banking book – trading book boundary provisions. Read more BIS: Perceptions of risk and policy outlook drive markets Perceptions of the future path of monetary policy shaped markets as central banks continued their fight against inflation. In the period covered in the Bank for International Settlements (BIS) Quarterly Review, investors revised their projections of central bank peak rates, reducing the gap between financial conditions and Central Bank communication. 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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