EBF MORNING BRIEF      Tuesday 6 February 2024

FROM THE MEDIA

Reuters: Financial sector seeks delay in revising sustainability rules

The EU financial sector urged to delay quick fixes to how asset managers label sustainable investment funds. "Associations are concerned about the lack of coordination between these major review projects, which put investors’ confidence in sustainable investment solutions and the reliability of the EU standards for sustainable disclosures at risk," a group including the European Banking Federation (EBF) said in a statement seen by Reuters. Read more

Bloomberg: Deutsche Bank says new ESG rules to trigger divestments

According to Bloomberg, the investment unit of Deutsche Bank will have to divest more than 5% of holdings in some ESG funds in response to new European Union rules set to be implemented this year. Dennis Haensel, head of ESG advisory at DWS Group said that most funds affected by the ESMA rule will face divestments of as much as 3%. Read more

Financial news: EBF Wim Mijs: Brexit was ‘mutually destructive’

Can the European Banking Federation (EBF) chief executive and ‘voice of banking’ help to bring the continent’s lenders together and still have fun after three decades in the sector? In this interview with Financial News, Wim Mijs addresses the impact of Brexit. Read more

MAIN EVENTS

• Council Working Party of Financial Counsellors

• Council Working Party on Financial Services and the Banking Union

• Council Working Party on the Environment

• Polish Central Bank Monetary Policy Council

• EIB Chief Economists Advisory Group

• Deutsche Bundesbank ‘Macroeconomic analysis and forecasting’ course

FROM EBF MEMBERS

FBF: The bank as a trusted actor

The French Banking Federation (FBF) and the French Institute of Public Opinion (IFOP) published the results of their study “The French, their bank, their expectations”. This survey paints a portrait of the French banking customer, shows their main expectations about the bank, the use they make of it, and reveals their vision of the sector. Read more (FR)

Finance Denmark: Campaign to warn against digital fraud

Finance Denmark is launching a nationwide campaign to warn Danes against becoming victims of digital fraud and raise awareness on identifying criminals. The campaign emphasizes that digital fraud can only be stopped by acting together. Read more (DK)

UK Finance: Navigating the financial technology landscape in 2024

The financial landscape teeters on the edge of profound changes from economic shifts, tech advances, and geopolitical influences. As UK Finance points out, AI is the biggest trend, with open banking, payments, and cryptocurrencies adding to this narrative. Read more 

FROM THE INSTITUTIONS

ECB: Eurosystem's policy response to developments in retail payments

Retail payments are undergoing profound changes that are reshaping the European payments landscape. To face these changes, the European Central Bank (ECB) devised a multi-faceted policy response to ensure the safety and efficiency of the euro retail payments market as well as people’s continued access to money. Read more

EIOPA: Insurance Risk Dashboard 

The European Insurance and Occupational Pensions Authority (EIOPA) published its February 2024 Insurance Risk Dashboard, which shows that insurers’ exposure to market risk is currently at a high level and the main concern for the sector. Macro and digitalization risks are still relevant but have decreased to medium levels. Read more

EP: Recovery and resilience dialogue

According to the European Parliament (EP), member states progress towards milestones and targets in the recovery and resilience dialogue. MEPs are likely to focus their questions on the state of play halfway into the RRF implementation in member states. Read more

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

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

European Banking Federation