EBF MORNING BRIEF Wednesday 16 November 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
Reuters: Euro banks face 'direct hit' to profits from house price slide
Europe's banks risk a significant hit to their profits if house prices across the region begin to slide, regulators and rating agencies warn. While banks' robust balance sheets mean declining house prices are unlikely to pose a systemic risk, the scale of lenders' exposure to the property sector means they could face a hit to earnings, Reuters reports. Read more
Bloomberg: Climate stress tests underestimate risks, warns FSB
Tools used by financial regulators to gauge the impact of climate change on the financial system are probably underestimating the potential damage because of incomplete data and inadequate scenario analyses, according to the Financial Stability Board (FSB). More work globally needs to be done to collect and analyze data, improve the scenarios used and develop methods of calculating potential impacts, the organizations said in a statement seen by Bloomberg. Read more International banker: How banks can use ecosystems to drive sustainable growth The digital transformation of banking continues to reshape both products and services thanks to emergent digital technologies, changing customer preferences, and new competitive pressures. According to an opinion piece by the International Banker, to compete and thrive in this digital frontier, banks need to develop their own ecosystem strategy. One that can help them create value and drive growth by delivering hyper-relevant experiences from banking and non-banking services. Read more |
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MAIN EVENTS Council Working Party on Tax Questions (Direct Taxation) Council Horizontal Working Party on Cyber Issues For a full-year overview of key financial regulation events: click here |
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Close Up: Building Pan-European Instant Payments Thursday 24 November | 3:30 PM CEST | ONLINE |
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| | The EBF Digital Thursdays are back next week with a special close-up event on instant payments in Europe. In light of the European Commission's latest proposal to bring instant payments towards the ‘new normal’, we will discuss this proposal, what it means for the industry and how it will impact the potential for building pan-European solutions based on instant payments.
Discover the agenda and register! |
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FROM EBF MEMBERS FBF: The banking behavior of the French The French Banking Federation (FBF) unveils the results of a study conducted with the French Institute of Public Opinion (IFOP). The publication makes it possible to build the portrait of the French banking client, to show the lasting impact that the health crisis has had on these French people, as well as their perception of innovation. Read more (FR)
BPFI: SMEs urged to take action on moving bank account
Small to medium size businesses (SMEs) are being urged to take action on moving bank accounts and establishing new banking arrangements. The Banking & Payments Federation Ireland (BPFI) hosted a roundtable to strengthen the coordinated approach for business customers moving bank accounts and ensure SMEs continue to be supported. Read more
Finance Norway: Consumers are preparing for uncertain times
Price increases, high electricity prices throughout the winter, and rising interest rates have contributed to increased uncertainty and are causing consumers to plan to cut consumption and save more. 'It is a paradox that we have very low unemployment and have never had lower faith in the future,' says Idar Kreutzer, CEO of Finance Norway says. Read more (NO) |
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FROM THE INSTITUTIONS ECB: Can Europe be a green innovation leader? Europe is punching below its weight in the climate-technology competition. According to a climate-related entry published on the occasion of COP27 by the European Central Bank (ECB), the continent needs to facilitate risk capital markets and invest more in research and development. Read more
ESAs launch joint Call for Evidence on greenwashing
The European Supervisory Authorities (ESAs) published a Call for Evidence on greenwashing to gather input from stakeholders on how to understand the key features, drivers, and risks associated with greenwashing and to collect examples of potential greenwashing practices. All interested parties are welcome to contribute to the survey, including financial institutions. Read more
ESMA: Vojtěch Belling appointed Vice Chair
The Board of Supervisors of the European Securities and Markets Authority (ESMA) has appointed Vojtěch Belling as its Vice Chair. Mr. Belling, who is the Executive Director of the Financial Market Regulation and International Cooperation Department of the Czech National Bank (CNB), will serve the remainder of the ongoing two-and-a-half-year Vice-Chair term from 21 November 2022, until 15 June 2024. 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.
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