| EBF MORNING BRIEF Tuesday 6 September 2022 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: ECB makes hawkish shift as inflation surge shreds faith in models
The European Central Bank (ECB)’s sense of urgency in tackling inflation has overtaken concerns over the damage an aggressive rate increase would inflict to the eurozone economy ahead of a policy meeting this week. As reported by the Financial Times (FT), as well as raising rates on Thursday, the 25 members of the ECB governing council are also expected to discuss ways of pushing up banks’ financing costs. Read more
Finextra: UK orders crypto exchanges to report sanctions breaches
Crypto exchanges operating in the UK will face more reporting requirements over sanctions breaches under new rules introduced in the wake of Russia's war in Ukraine. The changes bring more reporting and regulatory requirements for crypto exchanges at a time when many are facing legal and financial difficulties, Finextra reports. Read more
Reuters: Italy leads rise in euro zone bond yields as Russia cuts gas
Italy's 10-year bond yield headed back to 4%, leading a rise in euro area borrowing costs after Russia's decision to keep its main gas pipeline to Germany shut exacerbated inflation and ECB rate-hike fears. Russia's latest halt to gas supplies down its main pipeline to Europe comes just days before the European Central Bank (ECB) is expected to deliver a second big rate hike to tame record-high inflation. Read more |
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THE EUROPEAN BANKING SUMMIT 2022 IS COMING! Registration is still open! |
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 | The European Banking Summit 2022 will take place in Brussels and bring together a combined in-person and online audience of more than 500 banking representatives, policymakers, and senior experts. The full-day event will offer an overview of the latest developments in the EU banking policy, examine how technology is changing the financial system and how can banks play a key role in achieving Europe’s sustainability goals. -
When: 29 September 2022 from 9:00 to 17:15 -
Where: Online and live at the Radisson Collection Hotel, Grand Place in Brussels!
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MAIN EVENTS For a full-year overview of key financial regulation events: click here |
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FROM THE EBF MEMBERS
HUB: Strong recovery of corporate lending
A new edition of the Croatian Banking Association (HUB) publication has been published and analyzes in detail this year's strong recovery in corporate lending. After a long period of stagnation or decline in net loans to non-financial companies, a significant increase in loans to companies is observed. Read more (HR)
UK Finance: The new Consumer Duty
In the UK the Financial Conduct Authority’s (FCA) new Consumer Duty sets a higher bar in how UK banks, insurers, and wealth and asset managers treat their customers. According to UK Finance, it will change the way financial services firms think and operate and drive meaningful improvements to customer experience and in turn better business. Read more
FBF: Intervention of Pierre Bocquet at the CNCPH
Pierre Bocquet, Director of the Retail Banking and Remote Banking Department of the French Banking Federation (FBF) participated in the roundtable "Disability, break the locks of the bank" by the National Advisory Council for People with Disabilities (CNCPH). He stressed the importance of dialogue with the bank and the existing banking inclusion systems in the event of difficulties, such as the use of the mediation of each establishment. Read more (FR) |
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FROM THE INSTITUTIONS
ESMA: Workshop on post-trade transparency
The European Securities and Markets Authority (ESMA) will be organizing a virtual workshop on post-trade transparency on 11 October 2022, from 9:00 to 17:30, Paris time. This workshop will cover the additional Level 3 guidance on the post-trade transparency information which has to be made public, with particular attention to the reporting fields included in Table 2 of Annex II of RTS 2. Read more
BIS: Monetary policy in times of geopolitical crises and high inflation
Joachim Nagel, President of the Deutsche Bundesbank shed light on the background of the current wave of price increases and considered what the Eurosystem can and must do to tame the high inflation and secure an inflation rate of 2% over the medium term. Read more
EP: Economic impacts of the green transition
The European Parliament (EP) has published a briefing outlining the expected impact of a transition to a climate-neutral economy on economic indicators. The publication focuses in particular on the consequences on economic output (GDP), public debt, competitiveness, labor markets, energy prices, inflation, and distributional effects. Read more |
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FROM THE EBF this month
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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For questions or suggestions contact v.barbieri@ebf.eu
European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium |
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