EBF MORNING BRIEF Wednesday 24 February 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 Reuters: ECB wants veto power on stablecoins in the euro zone The European Central Bank wants veto power on the launch of stablecoins such as Facebook’s Diem in the euro zone and a greater role in their supervision, it has told European Union lawmakers. Read more
Euractiv: Spanish Central Bank proposes robust EU deposit guarantee fund Spain’s central bank considers that the volatile economic environment in Europe requires a massive EU response through a “fully mutualised European deposit guarantee fund”. EURACTIV’s partner EuroEfe reports. Read more
Euronews: Will Europe's financial hubs steal London's crown now the UK has quit the EU?
The City's commanding position on the global financial stage is not in doubt — but recent events in Europe raise questions as to how far the balance of power may shift from London to other capitals, writes Euronews. Read more |
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MAIN EVENTS today EBF-EBA meeting on EBA Recovery and Resolution priorities for 2021 Kangaroo Group ' The role of the Single Resolution Board in the face of Covid-19 crisis and consequences' virtual debate EBF Fiscal Committee virtual meeting For a full-year overview of key financial regulation events: click here |
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FROM THE EBF MEMBERS FFI: The Finnish financial sector calls for more climate investments and effective carbon pricing Finance Finland participates in the Call on Carbon initiative, which aims to ramp up climate investments and increase the effectiveness of carbon pricing. Effective and reliable carbon pricing instruments are necessary in order to limit global warming to 1.5 degrees Celsius, but they would also promote a more stable and predictable investment market. Read more
UK Finance: Ensuring the right future regulatory framework for financial services
The financial services future regulatory framework review from HM Treasury could hardly be more timely, writes UK Finance. The confluence of the UK’s departure from the European Union, rapid innovation and change in the banking and finance sector and the growing political commitment to collectively address climate change provides a once-in-a-generation opportunity to improve the effectiveness and efficiency of regulation of one of the UK’s most important sectors. Read more
AEB: Inviting young Spaniards to join the #HUCHAChallenge
The AEB (Spanish Banking Association) is organising the #HUCHAChallenge aimed at testing young people's knowledge about banking entities and exploring their future relationship with banks. Youngsters can join as a contestants or participate as audience members. Read more (ES) |
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Join and register for free The Evolution of Cloud Banking:
Successful Implementation & Frameworks Online webinar, Tuesday 2 March, 15:30 CET / 14:30 GMT
As customer interactions become digital by necessity and as mandatory remote working become “normal,” public cloud adoption and migration has moved to the top of banking institutions’ C-suite agendas. In a world where business disruption is the rule and not the exception, banks need IT environments that are optimized to support change. Public cloud offers a range of cost, agility and efficiency benefits, but it’s not just about technology.
Register and find out more HERE |
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FROM THE INSTITUTIONS
Eurogroup President Donohoe speech at the European Parliamentary Week
Eurogroup President, Paschal Donohoe, addressed an Economic and Monetary Affairs Committee meeting during the Interparliamentary Conference on Stability, Economic Coordination and Governance in the EU. Read more
ESMA Chair Maijoor speech at the ECON Exchange: Gamestop Episode
ESMA published the introductory statement of their Chair Steven Maijoor at the ECON Exchange of views in relation to GameStop share trading and related phenomena. He highlighted that the likelihood of similar events happening in the European Union (EU) appears limited. Maijoor highlighted that ESMA issued a statement on 17 February 2021, urging retail investors to be careful when taking investment decisions exclusively on the basis of information from social media and other unregulated platforms. Read more
ECB: 2020 ESCB Legal Conference book
ECB published the proceedings of the 2020 ESCB Legal Conference. The event brought together worldwide participants to discuss topical legal issues such as climate change, central bank digital currencies and a constitutional debate: transparency vs. confidentiality. 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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