| EBF MORNING BRIEF Tuesday 5 January 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
FT: Ana Botín: Banking regulation needs a reset Politicians, regulators and banks need to find a way to make the regulatory structure serve individual customers and businesses better while helping lenders deliver results to their shareholders and address three key challenges, writes the executive chairman of Santander Ana Botín. Learn more (€)
The Mail on Sunday: City plans Brexit deal by March as talks start Officials will this week launch urgent talks to thrash out a Brexit deal for the City by March, The Mail on Sunday reports. John Glen, the City Minister, and Katharine Braddick, director general of financial services at the Treasury, will play key roles in drawing up a ‘memorandum of understanding’ with the EU. Learn more (The Times)
Reuters: Deutsche Bank should play leading role in consolidation
Deutsche Bank is gaining in financial strength, putting Germany’s largest lender in a position to play a leading role in European banking consolidation, CEO Christian Sewing was quoted on Sunday as saying. Learn more |
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FROM THE EBF MEMBERS
Bankenverband: How Germans invested their money in Corona time 2020 was not a bad year for investors, with commitment and satisfaction among Germans rising significantly. While less than half of Germans had invested any money at all in 2019 (46%), this figure had risen to 53% by the end of 2020 according to the latest study published by the Association of German Banks (Bankenverband). Read more (DE)
AEB: Putting the money to work
Once again, the European Central Bank followed the script foreseen by the analysts in their last meeting of the year, extending the exceptional measures under the double objective of guaranteeing financial stability and keeping financing costs low during 2021. As its president, Christine Lagarde, repeated several times, it is a matter of preserving favourable financing conditions, writes José Luis Martínez, Spanish Banking Association (AEB) spokesman in his latest article published by the Spanish newspaper La Vanguardia. Read more (ES)
Finance Denmark: You have to pay to have money in the bank
In school, we learned that when you put your money in the bank, you get interest. When you borrow, you have to pay. But it's not like that anymore. Things have turned upside down a bit - but there is an explanation for that writes Ulrik Nødgaard, Finance Denmark CEO, in his latest post. Read more (DK) |
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FROM THE INSTITUTIONS
ECB: The impact of coronavirus on tourism
The decline in travel during the pandemic triggered a collapse in the tourism and travel industries across the euro area. Even if domestic tourism partially compensated for the drop in the number of foreign visitors, the restrictions will continue to impact these sectors well into 2021 reports the ECB. Read more
ESMA withdraws the registrations of UK-based credit rating agencies The European Securities and Markets Authority (ESMA) has withdrawn the registrations of six UK-based credit rating agencies and four trade repositories. Read more IBFed: FATF questionnaire on digital transformation IBFed has published its feedback to the Financial Action Taskforce (FATF) in regard to their questionnaire on digital transformation. The comments focus on legal and regulatory barriers to the use of emerging technology for sharing information between regulated banking firms for AML / CFT purposes. Read more European Commission weekly schedule Find out more about the European Commission's engagement and activities for the upcoming week. Read more
European Central Bank weekly schedule Find out more about the ECB's engagements and activities for the upcoming week. Read more
European Parliament weekly schedule Find out more about the Parliament's engagements and activities for the upcoming week. 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. The EBF 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. |
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