EBF MORNING BRIEF Tuesday 30 March 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
Reuters: City of London should not blindly adopt EU rules, says BoE's Brazier
Britain should not be âshort-sightedâ and copy European Union rules just to keep financial activity in London, Bank of England executive director for financial stability Alex Brazier said to Reuters on Monday. Read more
Bloomberg: ECB rebuffs Hungaryâs plan for central bank mortgage lending
The European Central Bank said itâs opposed to the idea of Hungaryâs central bank providing direct mortgages to retail borrowers for the building of energy-efficient homes, Bloomberg reports. Read more FT: To compare the EU and US pandemic packages misses the point Comparisons diminish the significant and historic efforts taken to boost our economies, and to develop and rollout vaccines at unprecedented speed. The 27 countries of the EU have stood together, ensuring that those most economically affected have been supported and that all member states have access to vaccines. These co-ordinated efforts are supporting tens of millions of people, writes Pascal Donohoe, President of the Eurogroup and Irelandâs finance minister. Read more (âŹ) |
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MAIN EVENTS today For a full-year overview of key financial regulation events: click here |
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FROM THE EBF MEMBERS Spanish Banking Association: Mergers are the banks' logical response "Mergers are the banks' logical response to low interest rates, the demand for digital services and unfair competition from new operators" says JosĂ© MarĂa RoldĂĄn, President of the Spanish Banking Association (AEB). Read more (ES)
Finance Denmark: Scammers lure you with quick money Investment scam is increasing in Denmark, amounting for DKK 68 million in 2020. "One must always remember that if an offer seems too good to be true, then it is typically just that" says Michael Busk-Jepsen, Director of Digitization at Finance Denmark. NVB: Open Finance provides customer with new financial opportunities The Dutch Banking Association (NVB) explains how Open Finance can - if surrounded with sufficient guarantees and desired by the consumer - deliver significant benefits for the financial well-being of the consumer. Read more |
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FROM THE INSTITUTIONS
European Parliament: Strengthening the international role of the euro
Following its adoption in last weekâs plenary, the European Parliament has published its final text on Strengthening the international role of the euro. Read more
ESMA: Application of administrative and criminal sanctions
ESMA published its advice to the European Commission (EC) on the application of administrative and criminal sanctions under MiFID II/MiFIR. The technical advice addresses the application of administrative and criminal sanctions, and particularly the need to further harmonise the administrative sanctions set out for infringements of MiFID II/MiFIR requirements. Read more ESAs publish Joint Opinion on jurisdictional scope under the Securitisation Regulation The European Supervisory Authorities (EBA, EIOPA, and ESMA â ESAs) have published a Joint Opinion on the jurisdictional scope of the obligations of the non-EU parties to securitisations under the Securitisation Regulation (SECR). Read more |
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FROM THE EUROPEAN BANKING FEDERATION
EBF/EY Knowledge Partnership on Diversity and Inclusion
Banks, as employers & providers of finance, have a unique opportunity to spread the benefits of diversity & inclusion (DI) across the economy. We are pleased to partner with EY to generate new insights to accelerate banksâ journey on this path. Have a look at the video EBF has produced together with EY featuring Burçak Inel, EBF Director, Financing Growth and Juliet Charles, EY Director Banking Capital Markets. 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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