EBF MORNING BRIEF Tuesday 7 November 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. Recommend the EBF newsletters to a colleague. Click here to sign up! |
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FROM THE MEDIA Reuters: EU needs bigger banks, but it's hard without banking union European banks need to join forces if the region is to withstand competition from the US and China, but without a banking union cross-border mergers do not make sense, the head of Italy's biggest bank Intesa Sanpaolo said on Monday, according to Reuters. Read more S&P Global Market Intelligence: Bulgaria's anti-money laundering gray-listing could hike costs for local banks According to S&P Global Market Intelligence, Bulgarian banks could face greater scrutiny and higher costs after the global money-laundering and terrorist financing watchdog gray-listed the country in October. Read more |
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MAIN EVENTS Council Working Party on Tax Questions (Indirect Taxation) FinTech Innovators 'Advancing AI in Finance' webinar (Sebastien de Brouwer, EBF Chief Policy Officer, speaking) Informa connect âMeet the expertsâ conference |
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FROM EBF MEMBERS ABI: Appeal to banks: suspend mortgages Following the declaration by the Council of Ministers of a state of emergency for the Tuscan provinces affected by exceptionally severe weather, the Italian Banking Association (ABI) calls on banks to suspend mortgages. In order to ensure timely interventions in favour of the populations affected by natural disasters, ABI has signed a Memorandum of Understanding with the Civil Protection and Consumer Associations. Read more (IT) Finance Latvia: Climate change mitigation and personal finance sustainability Caring for the environment can be implemented with relatively simple steps in the daily routine. However, as Finance Latvia points out, one of the additional ways to take care of climate change mitigation and sustainability is to assess the impact of personal finances on the environment. Read more (LAT) Finance Norway: Request to access dialogue between FASN and EBA The basis for the EBA's conclusions should be better clarified, according to Finance Norway and the Savings Banks Association, which has today requested access to all correspondence between the Financial Supervisory Authority of Norway (FASN) and the European Banking Authority (EBA) regarding the assessments of whether the equity certificate qualifies as Common Equity Tier 1 capital under EU regulations. Read more (NO) |
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FROM THE INSTITUTIONS ECB: Supply chain risk: the latest insights According to a recent European Central Bank (ECB) survey of major companies operating in the euro area, they are expected to become more active in relocalising operations over the next five years to make their businesses more resilient. Geopolitical risk was the most cited factor behind the decision to relocalise production in the EU, while demand and cost factors motivated moves outside the EU. Read more SRB: A conversation with Andrea Enria The new episode of the Single Resolution Board (SRB) podcast in 5 features Andrea Enria, Chairman of the Supervisory Board of the European Central Bank (ECB). He shares his experience as the main banking supervisor in Europe, some reflections on the lessons learned from the global pandemic and recent banking crises, and thoughts on areas of cooperation between the ECB and the SRB. Read more EIOPA: Insurersâ top concern: macro, markets and digitalisation risks The European Insurance and Occupational Pensions Authority (EIOPA) published its November 2023 Insurance Risk Dashboard, which shows that insurersâ exposures to macro, market and digitalisation risks are currently at a high level and the main concern for the sector. Risk levels for the remaining categories are constant at medium levels. 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 European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium |
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